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China's Jan new yuan loans seen hitting record high

From channelnewsasia.com

China's new yuan loans likely hit a record high in January, and money supply growth is also expected to pick up, as the central bank seeks to shore up slowing growth in the world's second-largest economy. Chinese banks tend to front-load loans at the beginning of the year to get higher-quality customers and win market share.The banks are estimated to have issued 3.69 trillion yuan ($580.30 billion) in net new yuan loans last month, more than tripling from 1.13 trillion yuan in December, according to the median estimate in the survey of 18 economists. That would surpass a monthly record of 3.58 trillion yuan in ... (full story)

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  • Category: Fundamental Analysis