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China March Aggregate Finance May See Sharp Rebound: Daily

CHINA PRESS
MNI (Singapore)

China's aggregate finance may exceed CNY3.5 trillion in March, likely to rebound from February’s disappointing CNY1.19 trillion, following top policymakers’ call to maintain moderate growth in credit and social financing, the Securities Daily reported citing analysts. Local government special bond and corporate bond financing are expected to increase, though the credit demand of residents and enterprises may be muted amid more financial market volatility and rising energy and raw material prices, the newspaper citing Zhou Maohua, a researcher at Everbright Bank. New loans may also improve from February’s CNY1.23 trillion to as much as CNY3 trillion, the newspaper said citing Essence Securities.

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