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MNI BRIEF: China's Dec Money Supply Points To Weak Demand

MNI (Singapore)
(MNI) Beijing
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China's December money supply data signaled weak fund demand as the pace of total social financing slowed as governments and companies reduced bond issuance, and as M2 expanded at a weaker pace than expected, data from the People's Bank of China showed on Tuesday.

Aggregate financing was CNY1.31trillion, down from November's CNY1.99 trillion and falling short of expectations for CNY1.85 trillion. Shadow banking transactions fell by CNY141.6 billion compared to a contraction of CNY26.3 billion in the previous month.

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China's December money supply data signaled weak fund demand as the pace of total social financing slowed as governments and companies reduced bond issuance, and as M2 expanded at a weaker pace than expected, data from the People's Bank of China showed on Tuesday.

Aggregate financing was CNY1.31trillion, down from November's CNY1.99 trillion and falling short of expectations for CNY1.85 trillion. Shadow banking transactions fell by CNY141.6 billion compared to a contraction of CNY26.3 billion in the previous month.

Keep reading...Show less