Free Trial
USDJPY TECHS

Remains Above Last Week’s Low

US TSYS

How Long Will Inflation Last?

EURGBP TECHS

Corrective Pullback

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (Singapore)
BEIJING (MNI)

China's new bank lending rose to a record high in January as the central bank ramped up support for the slowing economy.

New loans increased to an historic high CNY3.98 trillion compared to the CNY1.13 trillion in December. The biggest contributors were short-term corporate loans with less than one-year maturity, which grew by CNY1.01 trillion compared to December's decrease of CNY102.04 billion, and shadow banking transactions, which increased by CNY447.9 billion, compared to a fall of CNY638.4 billion in December.

Aggregate financing was CNY6.17 trillion, almost triple the CNY2.37 trillion in December. On an annual basis, outstanding total social finance grew 10.5%, compared with 10.3% last month, data released by the People's Bank of China on Thursday showed.

M2 growth quickened to 9.8% y/y in January from December's 9.0%, the fastest since February 2021. Among the key metrics, M1 growth fell 1.9% y/y versus the previous 3.5% gain.

True

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.