China's banks extended CNY 1.36 trillion in new yuan loans in February of 2021, below a record of CNY 3.58 trillion in January but well above market forecasts of CNY 0.95 trillion. It is also higher than CNY 0.91 trillion a year earlier. Loans tend to be higher in the beginning of the year as banks try to get more higher-quality customers and win market share and as the PBoC makes regular liquidity injections to raise cash available ahead of the Lunar New Year holidays. This year however, the central bank has been withdrawing money from the market, raising concerns about monetary policy tightening. The bank withdrew CNY 80 billion right before the Lunar New Year. Broad M2 money supply grew 10.1 percent from a year earlier, above 9.4 percent in January and outstanding yuan loans grew 12.9 percent compared with 12.7 percent growth in January. source: People's Bank of China
Banks Balance Sheet in China averaged 794.31 CNY Billion from 2004 until 2021, reaching an all time high of 3580 CNY Billion in January of 2021 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 April of 2021.
Banks Balance Sheet in China is expected to be 1580.00 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 1300.00 in 12 months time. In the long-term, the China New Yuan Loans is projected to trend around 1800.00 CNY Billion in 2022, according to our econometric models.