The value of new yuan loans provided by the Chinese banks fell to CNY 885.8 billion in February of 2019 from a record high of CNY 3230 billion in January and below market expectations of CNY 975 billion. Yet, it rose from CNY 839.3 billion a year earlier. Considering the first two months of 2019, new yuan-denominated loans increased by CNY 374.8 billion to CNY 4.116 trillion. Also, outstanding yuan loans increased 13.40 percent year-on-year in February, the same as in January and matching market expectations. Total social financing fell to CNY 703 billion in February from a record high of CNY 4.64 trillion in January and well below market expectations of CNY 1.45 trillion. Banks Balance Sheet in China averaged 694.22 CNY Billion from 2004 until 2019, reaching an all time high of 3230 CNY Billion in January of 2019 and a record low of -32.10 CNY Billion in July of 2005.
Banks Balance Sheet in China is expected to be 1000.00 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 1200.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2020, according to our econometric models.