MNI DATA IMPACT: China May M2 Growth Keeps Pace As Loans Fall

     BEIJING (MNI) - China's M2 money supply rose 11.1% y/y in May, expanding at

the same pace as in April, slightly below the forecast 11.3%. New loans

continued to decline, according to data released Wednesday by the People's Bank

of China (PBOC). 

     Here are other key figures: 

     - New loans fell for a third straight month to CNY1.48 trillion, less than

CNY1.7 trillion in April, and just lower than forecast CNY1.5 trillion.

     - Aggregate financing to the economy rose to CNY3.19 trillion from April's

CNY3.09 trillion, lower than CNY3.3 trillion projected by analysts.

     - Shadow banking transactions expanded by CNY22.6 billion, compared to

CNY2.1 billion expansion in April. Entrusted loans and trust loans declined by

CNY27.3 billion and CNY33.7 billion from April, while undiscounted bankers'

acceptances rose by CNY83.6 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

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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