China New Yuan Loans2004-2020 Data | 2021-2022 Forecast | Calendar | Historical

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.

China's banks extended CNY 1.48 trillion in new yuan loans in May 2020, compared to the previous month's CNY 1.70 trillion and market expectations of CNY 1.50 trillion. Household loans, mostly mortgages, rose to CNY 704.3 billion from CNY 666.9 billion in April, while corporate loans fell to CNY 845.9 billion from CNY 956.3 billion. Meanwhile, other credit growth indicators suggested the central bank continued to step up efforts to support the economy hit by coronavirus pandemic. Growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, quickened to 12.5 percent in May, from 12 percent in April. Broad M2 money supply rose for a second consecutive month by 11.1 percent, the most in over three years, and outstanding yuan loans grew 13.2 percent, compared to April's 13.1 percent.

China's banks extended CNY 1.70 trillion in new yuan loans in April 2020, compared to CNY 2.85 trillion in the previous month and above market expectations of CNY 1.4 trillion, as the central bank ramped up policy support aiming to support the economy from the coronavirus pandemic. Household loans, mostly mortgages, decreased to CNY 666.9 billion from CNY 989.1 billion in March, while corporate loans dropped to CNY 956.3 billion from CNY 2.05 trillion. Meantime, outstanding yuan loans grew 13.1 percent year-on-year, faster than a 12.7 percent rise in the previous month and beating forecasts of a 12.9 percent gain. Total social financing, a broad measure of credit and liquidity in the economy, fell to CNY 3.09 billion yuan from CNY 5.15 trillion in March, but above consensus of CNY 2.65 trillion.

New bank lending in China surged to CNY 2.85 trillion ($405 Billion) in March of 2020, higher than CNY 0.91 trillion in February and market forecasts of CNY 1.8 trillion as the central bank injected more money into the financial system and cut borrowing costs aiming to offset the impact of the coronavirus pandemic. Household loans, mostly mortgages, rose to CNY 0.98 trillion after falling by CNY 0.41 trillion in February and corporate loans jumped to CNY 2.05 trillion from CNY 1.13 trillion. Total social financing which includes off-balance sheet forms of financing like initial public offerings, loans from trust companies and bond sales rose to a record of CNY 5.15 trillion from just CNY 0.86 trillion. Considering Q1, total bank lending hit CNY 7.1 trillion, a quarter record high. The PBoC is expected to step up monetary policy easing using a mix of liquidity tools to further support the economy hit by the outbreak.