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China’s corporate demand for loans remains weak, bill financing rises significantly

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Chinese banks extended more new loans in August and aggregate financing rebounded. However, analysts noted the rebound was partly driven by slower falls of shadow banking finance, in particular bill financing, and the corporate sector's demand for long-term loans remained weak.

Banks granted 1.21 trillion yuan in new loans in August, 66.5 billion yuan less than a year earlier, but 150 billion yuan higher than a month earlier, showed PBOC data. Bank loans to the corporate . . .

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