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China July New Loans Seen CNY1.2T: Journal

CHINA PRESS
MNI (Sydney)

New bank loans in China may rise to about CNY1.2 trillion, up CNY150 billion from last July and maintaining the pace of increase from June, China Securities Journal reported. Citing Sun Binbin, the chief fixed-income analyst with TF Securities, the Journal's report said this year's strong infrastructure spending continued to support the rise in new loans even during the normally slow summer period. Total social financing for July may increase by 13%, bolstered by the issuance of special central government bonds, Hua Changchun, the chief global economist with Guotai Junan Securities, told the Journal.

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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