China's May new loans rise to 520 billion yuan, below expectations

China's new yuan loans rose to 520 billion yuan (HK$602.6 billion) in May, recovering from a 10 billion yuan contraction in April but missing analysts' forecast, according to Reuters calculations based on data from the People's Bank of China.

Analysts polled by Reuters had expected new yuan loans in May would stand at 550 billion yuan, compared with 620 billion yuan a year earlier.

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

Reuters

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