MNI DATA IMPACT: China April M2 Growth at 3Y High; Loans Fall

     BEIJING (MNI) - China's M2 money supply soared 11.1% y/y in April, the

fastest pace in more than three years, up from 10.1% gain in March and beat

forecast 10.3%, according to data released Monday by the People's Bank of China

(PBOC). 

     Here are other key figures: 

     - New loans totalled CNY1.7 trillion, less than CNY2.85 trillion in March

and higher than forecast CNY1.3 trillion.

     - Aggregate financing to the economy moderated to CNY3.09 trillion from

March's CNY5.16 trillion, higher than CNY2.9 trillion projected by analysts.

     - Shadow banking transactions expanded by CNY2.1 billion, compared to

CNY220.8 billion expansion in March. Entrusted loans declined by CNY57.9 billion

from March, while and trust loans and undiscounted bankers' acceptances rose by

CNY2.3 and CNY57.7 billion. 

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

[TOPICS: MAQDS$,MAUDR$,MAUDS$,M$A$$$,M$Q$$$,M$U$$$]