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China August New Yuan Loans Seen Rebound on Policy Support: Daily

CHINA PRESS
MNI (Singapore)

China's new yuan loans in August may rise to CNY1.3-1.4 trillion from CNY1.08 trillion in July as the PBOC promotes reasonable growth in loan scale, while the aggregate financing may rise to CNY2.5-3 trillion from the previous CNY1.06 trillion, the Securities Daily reported citing analysts. M2 may continue to slow to 8.2% y/y from July's 8.3%, considering the low growth rate of aggregate financing, the newspaper said citing Zhang Yu, chief analysts at Huachuang Securities. M1 may also decelerate to around 4.4% y/y, due to the rapid decline in real estate sales and the contraction of off-balance-sheet financing, the newspaper cited Zhang as saying.

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