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.

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China New Yuan Loans

Actual Previous Highest Lowest Dates Unit Frequency
1360.00 3580.00 3580.00 -32.10 2004 - 2021 CNY Billion Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-09 08:15 AM Nov CNY1430B CNY689.8B CNY1400B CNY1510B
2021-01-12 11:00 AM Dec CNY1260B CNY1430B CNY1220B CNY1120B
2021-02-09 08:00 AM Jan CNY3580B CNY1260B CNY3500B CNY3250B
2021-03-10 08:30 AM Feb CNY1360B CNY3580B CNY950B CNY1050B
2021-04-12 08:00 AM Mar CNY1360B CNY2450B CNY2520B
2021-05-11 08:00 AM Apr
2021-06-10 08:00 AM May
2021-07-10 08:00 AM Jun


News Stream
China New Bank Loans Surprise on the Upside
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.
2021-03-10
Chinese Banks Extend Record Loans in January
China's banks extended a record high of CNY 3.58 trillion in new yuan loans in January of 2021, above CNY 1.23 trillion in December and CNY 3.34 trillion a year earlier and more than market forecasts of CNY 3.50 trillion. 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. In 2020, new bank lending rose to a record CNY 19.63 trillion, up 16.8 percent from CNY 16.81 trillion in 2019.
2021-02-09
China New Bank Loans Hit Record in 2020
China's banks extended CNY 1.26 trillion in new yuan loans in December 2020, below the previous month's CNY 1.43 trillion and compared with market expectations of CNY 1.22 trillion. In 2020, new bank lending rose to a record CNY 19.63 trillion, up 16.8 percent from CNY 16.81 trillion in 2019.
2021-01-12
Chinese Banks Extend More Loans in November
Chinese banks extended CNY 1430 billion in new yuan loans in November of 2020, almost twice a 1-year low of CNY 689.9 billion given in October and more than market expectations of a CNY 1400 billion. In November, bank lending usually rebounds from a slowdown in October when the week-long National Day holiday affects business activity. Also, the People's Bank of China has been injecting money into the economy aiming to maintain sufficient liquidity of the banking system and support credit. Outstanding yuan loans grew 12.8% from a year earlier, slightly lower than 12.9% in October and forecasts of 12.9%. Total social financing, a broad measure of credit and liquidity in the economy, jumped sharply to CNY 2.13 trillion, above forecasts of CNY 2.075 trillion.
2020-12-09

China New Yuan Loans
In China, new yuan loans refer to financial institutions Renminbi credit funds balance sheet. They represent more than four-fifths of all loans.