China's new bank loans surged, aggregate financing hit record, amid government stimulus

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

New loans extended by Chinese banks surged in March, the aggregate financing hit a record high and money supply grew at the fastest pace in three years, after the authority pumped in liquidity to support the economy hurt by the coronavirus outbreak.

New bank lending climbed to 2.85 trillion yuan ($405 billion) in March, surging from 905.7 billion yuan in February, shows data released by the People’s Bank of China (PBOC) on Friday.

That's sharply higher than 1.8 trillion yuan expected by analysts in a Reuters poll. The new loans . . .

Sign In or Subscribe To Get Full Access.

Everything you are looking for about China markets is on THE WIRE, with up-to-the-minute reporting on regulatory updates, economic indicators, market trends and company spotlights throughout every trading day.

Random China information is everywhere, but focused and systematic reporting on China market is rare.

TRY US FOR FREE