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New Yuan Loans Likely Rebounds In May Amid Policy Push: Daily

CHINA PRESS
MNI (Singapore)

New yuan loans likely rebounded sharply in May to as much as around CNY1.5 trillion from April’s over four-year low of CNY645.4 billion, as top regulators repeatedly called for credit growth to support the economy, the Securities Daily reported citing analysts. Bill financing and short-term corporate loans may still be the main support, while medium and long-term corporate loans are expected to improve slightly, the newspaper said citing Tan Yiming, chief fixed-income analyst at Minsheng Securities. Personal loans may remain sluggish amid weakened incomes and low appetite for spending on home purchases, Tan was cited as saying.

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