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MNI DATA IMPACT: China M2 Money Supply Quickens as Loans Rise

MNI (Singapore)
     BEIJING (MNI) - China's lending activities sharply jumped in August, with
aggregate financing almost doubling, signalling measures by the government to
boost investment taking effect. Here are the takeaway points from the data
released on Wednesday by the People's Bank of China. :
     --M2 rose 8.2% y/y in August, up from 8.1%, which was both that of July and
MNI projection. 
     --Aggregate financing to the economy doubled to CNY1.98 trillion from
CNY1.01 trillion in July. 
     --New loans, driven by increased bills and resident loans, totaled CNY1.21
trillion, up from CNY1.06 trillion in July.
     --Shadow finance shrank CNY101.4 billion in August, a fraction of CNY622.6
billion in July. Entrust loans, trust loans declined CNY51.3 and CNY65.8 billion
respectively while undiscounted bankers' acceptances increased CNY15.7 billion.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@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$$$]
USData StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegionNorth America
USData StoriesImpactDataPolicy NewsAPACChinaJapanAustraliaNew ZealandChina Market NewsRegionNorth America
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