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.

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China New Yuan Loans



Calendar GMT Actual Previous Consensus TEForecast
2022-12-12 08:10 AM Nov CNY1210B CNY615.2B CNY1350B CNY1420B
2023-01-10 09:00 AM Dec CNY1400B CNY1210B CNY1100B CNY 1300B
2023-02-10 08:00 AM Jan CNY1400B CNY4150B


Related Last Previous Unit Reference
Interest Rate 3.65 3.65 percent Jan 2023
Cash Reserve Ratio 11.00 11.00 percent Jan 2023
Interbank Rate 2.83 2.83 percent Jan 2023
Money Supply M1 67170.00 66704.26 CNY Billion Dec 2022
Money Supply M0 10470.00 9974.01 CNY Billion Dec 2022
Money Supply M2 266430.00 264700.85 CNY Billion Dec 2022
Banks Balance Sheet 1400.00 1210.00 CNY Billion Dec 2022
Central Bank Balance Sheet 416783.78 401527.62 CNY HML Dec 2022
Foreign Exchange Reserves 3128000.00 3117000.00 USD Million Dec 2022
Loans to Private Sector 13100.00 19900.00 CNY HML Dec 2022
Deposit Interest Rate 0.35 0.35 percent Dec 2022
Loan Growth 11.10 11.00 percent Dec 2022
Reverse Repo Rate 2.00 2.00 percent Jan 2023
Liquidity Injections Via Reverse Repo 506.00 156.00 CNY Billion Jan 2023
Loans To Banks 2130060.36 2115677.56 CNY HML Dec 2022
Lending Rate 4.35 4.35 percent Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1400.00 1210.00 3980.00 -32.10 2004 - 2022 CNY Billion Monthly

News Stream
China New Bank Loans Beat Forecasts
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.
2023-01-10
China New Bank Loans Rise in November
China's banks extended CNY 1.21 trillion in new yuan loans in November 2022, up from a near five-year low of CNY 0.62 trillion in the previous month, following Beijing's latest efforts to boost growth in the world's second-biggest economy. Still, the value came in below market expectations of CNY 1.35 trillion, and was lower than the CNY 1.27 trillion issued in the same month a year earlier. Household loans, including mortgages, rose to CNY 262.7 billion, versus a contraction of CNY 18 billion in October; while corporate loans rose to CNY 883.7 billion from CNY 462.2 billion. Earlier this month, the People's Bank of China cut the reserve requirement ratio for banks by 25 bps, the second such move this year, to free up more funds for lending. At the same time, Chinese authorities have announced sweeping changes to its tough anti-COVID regime, as well as a slew of measures to ease a funding crisis for real estate developers.
2022-12-12
China New Bank Loans Near 5-Year Low
China's banks extended CNY 0.62 trillion in new yuan loans in October 2022, down from CNY 2.47 trillion in the previous month and below market expectations of CNY 0.80 trillion. It was the lowest level in new bank loans since December 2017, as credit demand weakened and the economic outlook darkened further amid persistent COVID-19 curbs and a deepening property sector debt crisis. The People's Bank of China has pledged to keep policy accommodative to support growth, but capital flight and a weakening yuan could limit its moves. Household loans, including mortgages, fell by CNY 18 billion in October, versus CNY 650.3 billion in September, while corporate loans dropped to CNY 462.2 billion from CNY 1.92 trillion.
2022-11-10