2018 Economic Calendar
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China : New Yuan Loans  
Released On 7/13/2018 4:34:00 AM For Jun, 2018
PriorConsensusActual
Level [CNY billion]CNY1,150 billion1,600 1,840.0 
Yr/Yr12.6 %12.7 %

Highlights
Lending was significantly stronger than expected in June as new yuan loans rose CNY1,840 billion, up from CNY1,150 billion in May and a 5-month high. Annual growth of outstanding loans was 12.7 percent, a tick higher than in mid-quarter but within the tight 12.6-12.8 percent range seen since January's 13.2 percent spurt.

The narrower measures of money supply also accelerated with yearly growth of M0 climbing from 3.6 percent to 3.9 percent and of M1 from 6.0 percent to 6.6 percent. However, neither aggregate fully reversed May's slowdown and M2 growth eased from 8.3 percent to 8.0 percent, a new record low.

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: 1/122/123/84/135/116/137/138/139/1210/16
Release For: DecJanFebMarAprMayJunJulAugSep
 


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