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September New Loan, Aggregate Finance Likely To Rise Further

CHINA PRESS
MNI (Singapore)

New yuan loans are expected to continue to pick up in September as pro-growth policies kick in, while coupled with the increase in government bond issuance, total social financing is also likely to achieve y/y growth. New loans are estimated to rise further to CNY2.6 trillion, as bill interest rates surged higher during the month, said Sun Binbin, analyst at Tianfeng Securities. Aggregate finance may rise to CNY4 trillion, as net government bond financing could reach CNY1 trillion and act as a main driving force, said Dong Qi, analyst at Guotai Junan Securities. The People’s Bank of China is set to release the latest financial data this week. (Source: China Securities Journal)

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