2018 Economic Calendar
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China : New Yuan Loans  
Released On 1/12/2018 For Dec, 2017
PriorConsensusActual
Level [CNY billion]1,120 990 584.4 
Yr/Yr13.3 %12.7 %

Highlights
The total of new yuan loans made by Chinese banks in December was CNY584.4 billion, down sharply from CNY1,120 billion in November and also falling well short of the consensus forecast of CNY1,290 billion. This resulted in total outstanding loans increasing by 12.7 percent on the year at the end of December, down from 13.3 percent in November. Loan growth remains relatively subdued compared with recent years, consistent with government efforts to curb credit growth.

Measures of money supply growth moderated in December, with M1 increasing by 11.8 percent on the year, down from 12.7 percent in November, and year-on-year growth in M0 slowing from 5.7 percent to 3.4 percent.

Definition
Data showing the sources and uses of funds of financial institutions include a measure of new loans extended in the domestic currency by Chinese banks. These are normally subject to an annual quota established by officials, with banks typically lending most of their allotted funds early in the year, meaning that there is a strong seasonal pattern in the level of new bank loans.  Why Investors Care
 

2018 Release Schedule
Released On: 1/12
Release For: Dec
 


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