Chinese banks extended CNY 1.81 trillion in new yuan loans in June of 2020, the most in three months and compared to market forecasts of CNY 1.8 trillion. The Chinese authorities have been boosting lending, injecting money into the financial system and lowering borrowing rates and reserve ratios in an attempt to help offset the economic impact of the coronavirus pandemic. Considering the first half of 2020, bank lending hit a record of CNY 12.09 trillion, compared to the previous high of CNY 9.67 trillion a year earlier. Meanwhile, broad M2 money supply rose 11.1 percent, the same as in May and in line with forecasts. Outstanding yuan loans grew 13.2 percent, also the same as in May and matching forecasts. Total social financing, a broad measure of credit and liquidity went up to CNY 3.43 trillion, beating expectations of CNY 3 trillion.
Banks Balance Sheet in China averaged 763.31 CNY Billion from 2004 until 2020, reaching an all time high of 3340 CNY Billion in January of 2020 and a record low of -32.10 CNY Billion in July of 2005. This page provides - China New Yuan Loans - actual values, historical data, forecast, chart, statistics, economic calendar and news. China New Yuan Loans - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: People's Bank of China
Banks Balance Sheet in China is expected to be 1700.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Banks Balance Sheet in China to stand at 1500.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2021, according to our econometric models.