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CHINA PRESS: December New Yuan Loans Seen To Rise Sharply

CHINA PRESS

China’s new yuan loans are expected to reach CNY900 billion in December, compared to November’s CNY580 billion, as banks quicken loan disbursement to whitelisted real estate projects at year-end and residents’ medium- to long-term loans may rise on recent housing market recovery, the Securities Daily reported citing Wang Qing, analysts with Golden Credit Rating. Aggregate finance may come in at CNY2.3 trillion, basically the same as November’s CNY2.34 trillion, supported by high level of government bond financing, Wang added. The central bank is set to release the latest data during the January 10-15 period.

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China’s new yuan loans are expected to reach CNY900 billion in December, compared to November’s CNY580 billion, as banks quicken loan disbursement to whitelisted real estate projects at year-end and residents’ medium- to long-term loans may rise on recent housing market recovery, the Securities Daily reported citing Wang Qing, analysts with Golden Credit Rating. Aggregate finance may come in at CNY2.3 trillion, basically the same as November’s CNY2.34 trillion, supported by high level of government bond financing, Wang added. The central bank is set to release the latest data during the January 10-15 period.