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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.
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Free AccessNew Loans Rebound In June With Better Credit Structure
Yuan-denominated loan issuance has rebounded by CNY3.05 trillion in June, a record high for period, as corporate and household credit increased significantly. Meanwhile, bill financing decreased, indicating optimised credit structure, said Wen Bin, chief economist at China Minsheng Bank. Loans to enterprises increased by CNY2.28 trillion in June, as rate cuta stimulated investment and production demand, and banks rush to boost credit at quarter-end. Loans to individuals rose by CNY963.9 billion, second only to March, thanks to the Dragon Boat Festival holiday and mid-year shopping festivals, which drove consumer loans. Prudent monetary policy should promote loose credit to achieve the effect of demand expansion, key to economic recovery, said Wang Yunjin, senior researcher at Zhixin Investment Research Institute. (Source: 21st Century Business Herald)
To read the full story
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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.