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MNI DATA IMPACT: China June New Loans Rise; M2 Remains 11.1%

MNI (London)
     BEIJING (MNI) - New loans issued in China rose in June for the first time
in three months to CNY1.81 trillion, compared with CNY1.48 trillion in May, just
shy of forecasts looking for a CNY1.82 trillion increase, data released Friday
by the People's Bank of China showed. 
     --M2 money supply rose 11.1% y/y, maintaining the same pace of increase for
a third straight month, in line with forecasts. 
     --Aggregate financing to the economy rose for the third month running to
CNY3.43 trillion, up from CNY3.19 trillion in May, above the CNY3.13 trillion
projected by analysts.
     --Shadow banking transactions expanded by CNY1.4 billion, sharply down on
the  CNY22.6 billion expansion in May. Entrusted loans and trust loans declined
by CNY145.4 billion and CNY98.1 billion from May, while undiscounted bankers'
acceptances rose by CNY244.9 billion. 
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAQDS$,MAUDR$,MAUDS$,M$A$$$,M$Q$$$,M$U$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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