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China's July New Loans Likely Remained Strong-Daily

CHINA PRESS
MNI (Singapore)

China’s new loans in July likely remained relatively strong, with analysts predicting from CNY1.1 to 1.6 trillion, following the unexpectedly robust growth of CNY2.81 trillion in June, the Securities Daily reported citing analysts. The medium and long-term loans of enterprises will increase as rescue and pro-growth policies kick in. But individual loans may not see improvement due to risk events in the real estate sector, the newspaper said citing analysts. July aggregate finance may also be slightly above CNY1 trillion, supported by still large government bond sales, compared to June’s CNY5.17 trillion, the newspaper said citing analysts. The central bank is set to release July financial data next week.

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China’s new loans in July likely remained relatively strong, with analysts predicting from CNY1.1 to 1.6 trillion, following the unexpectedly robust growth of CNY2.81 trillion in June, the Securities Daily reported citing analysts. The medium and long-term loans of enterprises will increase as rescue and pro-growth policies kick in. But individual loans may not see improvement due to risk events in the real estate sector, the newspaper said citing analysts. July aggregate finance may also be slightly above CNY1 trillion, supported by still large government bond sales, compared to June’s CNY5.17 trillion, the newspaper said citing analysts. The central bank is set to release July financial data next week.