China February new bank loans fall to 1.01 trillion yuan, below forecasts

China's banks extended 1.01 trillion yuan (HK$1.08 trillion) of new loans in February, well below analysts' forecasts, according to Reuters calculations based on data released by the People's Bank of China.

Analysts polled by Reuters had expected new yuan loans would fall to 1.275 trillion yuan from a record 5.13 trillion yuan in January.

The PBOC does not provide monthly breakdowns but Reuters calculated the February figure based on the bank's January-February data released on Friday, compared with the January figure.

REUTERS