New yuan loans in China hit a single....>

CHINA PRESS: New yuan loans in China hit a single month historic high in January

of CNY3.34 trillion, according to a report in the China Securities Journal. The

Journal report cited Ming Ming, chief fixed-income analyst at CITIC Securities,

who said the lending surge reflected strong demand for credit in the real

economy. Ming said the increase was due to lower lending interest rates, ample

liquidity and increased issuance of local government bonds. Robust credit and

CNY761.3 billion of newly added government bonds pushed aggregate financing to

an unexpected CNY5.07 trillion in January, the Journal said citing analysts.

Zhao Wei, chief macro analyst at Changjiang Securities, said the growth of

aggregate finance is expected to decline in Q1 due to the disruption of the

epidemic but is likely to rise in Q2.