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Why MNI
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.
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Free AccessMNI BRIEF: China's Nov M2 Rebounds; New Loans Double
China's M2 money supply growth rebounded to 6 1/2-year high of 12.4% y/y in November, up from 11.8% y/y in October and beating expectations for 11.7% growth thanks to a significant increase in yuan deposits, People's Bank of China data showed on Monday.
M1 growth increased 4.6% y/y, decelerating from October's 5.8% y/y pace and posting the lowest reading in six months. New loans doubled to CNY1.21 trillion from October's CNY615.2 billion, slightly lower than the forecast for CNY1.38 trillion, as demand picked up.
Aggregate financing grew to CNY1.99 trillion from October's CNY907.9 billion, almost matching expectations for CNY2.1 trillion. Shadow banking transactions fell by CNY26.3 billion compared to a contraction of CNY174.8 billion in October.
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Why MNI
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.