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China TSF Above Expectations in Aug; Money Supply At New Low 

     BEIJING (MNI) - The People's Bank of China announced on Friday its latest
money supply and bank lending data.
     August new loan issuance totaled CNY1.09 trillion, higher than the CNY825.5
billion in July and higher than MNI market survey expectations for CNY950
billion.
     Total social financing -- a gauge of credit and liquidity -- rose to
CNY1.48 trillion in August, higher than the MNI median forecast of CNY1.30
trillion and up from CNY1.22 trillion in July. 
     M2 money supply rose 8.9% year-on-year to CNY164.52 trillion, a new record
low growth rate, compared with 9.2% growth in July. 
     M1 money supply rose 14.0% year-on-year to CNY51.81 trillion, compared with
15.3% growth in July. M0 rose 6.5% year-on-year to CNY6.76 trillion, compared
with a 6.1% increase in July.
     Outstanding loans stood at CNY116.49 trillion at the end of August, 13.2%
higher than the year-earlier period and level with the 13.2% increase in July.
Outstanding deposits grew 9.0% year-on-year to CNY161.84 trillion, compared with
9.4% growth in July.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: MAQDS$,M$A$$$,M$Q$$$,MT$$$$]
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Data StoriesImpactDataPolicy NewsBellAPACChinaJapanAustraliaNew ZealandChina Market NewsRegion
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