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Financing Demands in China Greatly Improve In June-Journal

CHINA PRESS
MNI (Singapore)

The continued recovery of new loans and aggregate financing in June indicate improved financing demand of companies and residents, as both figures hit record highs for the same period, China Securities Journal reported citing analysts. June new loans rose CNY2.81 trillion, adding CNY686.7 billion from a year earlier, supported by the rebound of medium- and long-term credit as business confidence picks up and home sales recover, the newspaper said citing analysts. Aggregate financing rose CNY5.17 trillion in June, CNY1.47 trillion more than the same period last year, driven by the large-scale issuance of local government bonds, increased loans to the real economy and off-balance sheet bill financing, the newspaper said citing analysts.

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