February 01, 2023 00:55 GMT
China's Jan Bank Loans To Reach Record High
CHINA PRESS
MNI (Singapore)
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China's new loans are expected to reach a fresh record of over CNY4 trillion in January as supportive policies boost the infrastructure and manufacturing sectors, while lenders have also enhanced support to developers, analysts told Securities Daily on Wednesday. Thanks to a cut in the reserve requirement ratio last December and increased injections via the medium-term lending facility (MLF) in the past two months, long-term liquidity is ample for additional credit. Short-term credit has also been bolstered by a recovery in firms’ activity and household consumption, they said. But mortgage loans may still be soft considering the recovery of the property market is still to come, they predicted.
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