wrapper

China Dec new yuan loans 1.04 trillion yuan

Thursday, Jan 12 2017
China Dec new yuan loans 1.04 trillion yuan

Chinese banks extended 1.04 trillion yuan ($150.78 billion) in net new yuan loans in December, exceeding analysts' expectations and higher than the previous month's 794.6 billion yuan. The central bank said the broad M2 money supply (M2) grew 11.3 percent from a year earlier, missing forecasts.

Outstanding yuan loans grew 13.5 percent by month-end on an annual basis. Analysts polled by Reuters had expected outstanding loans to rise by 13.1 percent, and predicted the money supply would rise by 11.5 percent.

More in this category: « US Crude Oil Inventories up by 4.1 million barrels UK banks' share of corporate currency business dips »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.