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China's New Yuan Loans To Grow Significantly From April

CHINA PRESS
MNI (Singapore)

China’s new yuan loans in May are expected to reach CNY1.5 trillion compared to April’s CNY730 billion, mainly driven by abundant bank credit lines, Securities Daily reported citing Wang Qing, analyst at Golden Credit Rating. Bank bills may be the main driver as corporate credit demand could still remain low, while residential loans may show a month-on-month improvement from April, the newspaper said citing analysts. Aggregate finance is estimated to reach CNY2.3 trillion in May, compared to the CNY198.7 billion contraction in April, Wang was cited as saying. The People’s Bank of China is set to release May data next week.

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