Free Trial

China Credit Expansion Scale to Match 2020: Daily

CHINA PRESS
MNI (Beijing)

New credit and lending by Chinese banks this year will be close to that of 2020 given the government's emphasis on a stable monetary policy, the Economic Information Daily said citing Wang Yifeng, chief analyst of finance industry at Everbright Securities. New RMB loans in 2020 was CNY19.63 trillion, CNY2.82 trillion higher than 2019, MNI noted. Supporting SMEs will remain the priority of banks this year and growth of loans to real estate sector will drop significantly, the newspaper said citing Zeng Gang, the director of Shanghai Institute for Financial and Development.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.