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China August Aggregate Financing Seen Rising: Daily

CHINA PRESS
MNI (Sydney)

New loans issued in August could be as high as CNY1.2 trillion with aggregate financing to the economy at CNY2.75 trillion, up from CNY992.7 billion and CNY1.69 trillion in July, the Securities Daily reported citing estimates by analysts. Infrastructure and property investment may have quickened, contributing to more corporate and individual loans, the newspaper said citing Tao Jin, a researcher at the Suning Institute of Finance. Local government bond issuance in August was at close to this year's peak in May, increasing the scale of social financing, Tao said. The PBOC is expected to release the loan data some time this week.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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