China's new bank loans hit new record in first quarter, overall credit growth slowed

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's new bank loans increased more than expected in March driven by strong corporate and household financing demand which brought first-quarter lending to a record high, as the central bank kept an accommodative policy stance to support the economy.

Chinese banks extended 2.73 trillion yuan ($416.62 billion) in new yuan loans in March, rising from 1.36 trillion yuan in February and exceeding analyst expectations of 2.45 trillion yuan, according to data released by the People's Bank of China (PBOC) on Monday.

That pushed bank lending in the first . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!