Free Trial

MNI BRIEF: China's Jan New Loans Surge To Record High

MNI (Singapore)
(MNI) Beijing

China’s new loan jumped in January at stronger-than-expected pace as efforts to boost credit expansion took effect after Covid controls were eased, People's Bank of China data showed on Friday.

China’s new loan rose to CNY4.93 trillion in January from December’s CNY1.44 trillion, beating expectations for CNY4.2 trillion, as corporate loans rose by CNY4.68 trillion.

Aggregate financing grew to CNY5.98 trillion from December’s CNY1.31 trillion, beating expectations for CNY5.4 trillion. Shadow banking transactions rose by CNY348.5 billion compared to CNY141.6 billion in the previous month.

M2 money supply growth printed at 12.6% y/y, up from 11.8% in December and higher than the median estimate of 11.7% growth. M1 growth increased 6.7% y/y, increasing from December's 3.7% y/y pace.


To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.