New yuan loans rise in Novem­ber

China Daily (Hong Kong) - - BUSINESS -

China’s new yuan loans rose mildly in Novem­ber due to ris­ing home mort­gages and cor­po­rate bor­row­ing, en­cour­aged by warm­ing signs in the economy, of­fi­cial fig­ures showed. China’s new yuan-de­nom­i­nated lend­ing in Novem­ber was 794.6 bil­lion yuan ($115.11 bil­lion), up from 651.3 bil­lion yuan a month ago but lower than the 1.22 tril­lion yuan in Septem­ber, data from the Peo­ple’s Bank of China showed on Wednesday. The rise was mainly at­trib­ut­able to lend­ing for home pur­chases, which in­creased to 569.2 bil­lion yuan, up from 489.1 bil­lion yuan in Oc­to­ber, although the gov­ern­ment has rolled out mea­sures to cool down over­heated home sales since Oc­to­ber.

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