China's banks extended CNY 1.4 trillion in new yuan loans in December 2022, up from CNY 1.21 trillion in the previous month and above market expectations of CNY 1.1 trillion, following Beijing's latest efforts to boost growth in the world's second-biggest economy, which was hit hard by COVID-19 lockdowns and slowing global demand. In December, the central bank cut banks' reserve requirement ratio by 25 bps, releasing about CNY 500 billion in long-term liquidity into the economy. At the same time, Chinese policymakers have been doubling down on infrastructure spending. Considering 2022 full year, total new lending hit a new all-time high of CNY 21.3 trillion, up from the previous record of CNY 19.95 trillion in 2021. source: People's Bank of China
Banks Balance Sheet in China averaged 876.95 CNY Billion from 2004 until 2022, reaching an all time high of 3980.00 CNY Billion in January of 2022 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 January of 2023.
Banks Balance Sheet in China is expected to be 3200.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China New Yuan Loans is projected to trend around 3800.00 CNY Billion in 2024, according to our econometric models.