Free Trial

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$$$]

To read the full story

Close

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.