REPEAT: China TSF Above Expectations in Aug; M2 At New Low

Repeats Story Initially Transmitted at 08:25 GMT Sep 15/04:25 EST Sep 15

     BEIJING (MNI) - The People's Bank of China announced on Friday its latest

money supply and bank lending data.

     August new loan issuance totaled CNY1.09 trillion, higher than the CNY825.5

billion in July and higher than MNI market survey expectations for CNY950

billion.

     Total social financing -- a gauge of credit and liquidity -- rose to

CNY1.48 trillion in August, higher than the MNI median forecast of CNY1.30

trillion and up from CNY1.22 trillion in July. 

     M2 money supply rose 8.9% year-on-year to CNY164.52 trillion, a new record

low growth rate, compared with 9.2% growth in July. 

     M1 money supply rose 14.0% year-on-year to CNY51.81 trillion, compared with

15.3% growth in July. M0 rose 6.5% year-on-year to CNY6.76 trillion, compared

with a 6.1% increase in July.

     Outstanding loans stood at CNY116.49 trillion at the end of August, 13.2%

higher than the year-earlier period and level with the 13.2% increase in July.

Outstanding deposits grew 9.0% year-on-year to CNY161.84 trillion, compared with

9.4% growth in July.

--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com

--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com