Press "Enter" to skip to content


China’s credit growth slowed in October, new bank loans hit lowest in a year

China's credit growth slowed more than expected in October, with new bank loans hitting their lowest in a year, dragged by slower government bond sales and seasonal factors in October when businesses were shut because of public holidays.

Banks granted 689.8 billion yuan ($104.22 billion) in new yuan loans last month, showed data from the People’s Bank of China (PBOC) on Wednesday, down from 1.9 trillion yuan in September and falling short . . .

To continue reading, please subscribe. You will get


    • THE  WIRE  - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China to make you stay in the know. Here are some screenshots of our wire updates.
    • ORIGINAL, IN-DEPTH & DATA-DRIVEN reporting on major events about China's economy, policy and financial markets.
    • DETAILS - Get access to important details that you won't find elsewhere.
    • WEEKLY NEWSLETTER - Receive a summary of the week's top news—distilled into one email.

Grab the SPECIAL OFFER for Chinese Spring Festival!

Only $9.9 for your first month with us!

FREE TRIAL cancel anytime


Already have an account? Sign In