Chinese banks extended CNY 2.81 trillion in new yuan loans in June of 2022, higher than CNY 1.89 trillion in May and above market forecasts of CNY 2.4 trillion, amid policymakers' efforts to shore up the economy. Both credit supply and demand were high as the relaxation of covid-19 curbs and new stimulus including CNY 800 billion in funding for infrastructure projects boosted credit. Meanwhile, the M2 money supply rose 11.4%, the most since November of 2016, and forecasts of 11%. Outstanding yuan loans increased 11.2%, above 11% in May and forecasts of 11%. source: People's Bank of China
Banks Balance Sheet in China averaged 866.31 CNY Billion from 2004 until 2022, reaching an all time high of 3980 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 August of 2022.
Banks Balance Sheet in China is expected to be 1900.00 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 1200.00 CNY Billion in 2023 and 1800.00 CNY Billion in 2024, according to our econometric models.