Rise in lend­ing points to sta­bil­ity

China Daily (Hong Kong) - - TOP NEWS - By WANG YANFEI wangyan­fei @chi­nadaily.com.cn

In line with re­cent upticks of in­di­ca­tors, higher than ex­pected lend­ing data in Novem­ber show grow­ing mo­men­tum for the sta­bi­liz­ing of the real econ­omy, an­a­lysts said.

To­tal so­cial fi­nanc­ing, which is the cen­tral bank’s mea­sure of credit and liq­uid­ity in the econ­omy, rose to 1.74 tril­lion yuan ($252.1 bil­lion) in Novem­ber from 896.3 bil­lion yuan in Oc­to­ber, data from the Peo­ple’s Bank of China showed on Wed­nes­day.

New yuan loans is­sued by Chi­nese banks to­taled 794.6 bil­lion yuan in Novem­ber, up from 651.3 bil­lion yuan in Oc­to­ber, data showed.

A break­down of data by sec­tors showed that most new yuan loans went to mort­gages, but ris­ing de­mand for cor­po­rate lend­ing points to a warm­ing trend of the econ­omy, ac­cord­ing to Liu Dongliang, an an­a­lyst with China Mer­chants Se­cu­ri­ties.

bil­lion yuan

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