June yuan loans rise to 1.81 trillion

Business | 10 Jul 2020 5:27 pm

China's new yuan-denominated loans hit 1.81 trillion yuan (HK$2 trillion) in June, a year-on-year increase of 147.4 billion yuan, data from the People's Bank of China showed.

The total expanded by 22 percent from May and was higher than market expectations of 1.8 trillion yuan.

Newly-added social financing, a measurement of funds the real economy receives from the financial system, came in at 3.43 trillion yuan last month, compared with expected 3.05 trillion yuan. Broad M2 money supply as of  end June grew by 11.1 percent from a year earlier, central bank data showed.

 

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