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New Loans Expected To Rise In January - Caixin Survey

CHINA PRESS

New yuan loans issued in January are forecast to have increased by CNY1 billion year-on-year, according to a survey of 13 financial institutions by Caixin. Due to continued credit support for infrastructure projects, improved financing conditions for real estate developers, and the recovery of corporate credit demand, new yuan loans in January will be slightly higher than last year's level, according to analysts cited by the news outlet. As demand for property sales remains weak, mortgage interest rates can be guided down, and therefore it is expected that the 5-year LPR will drop, according to the news outlet.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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