Press "Enter" to skip to content

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

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

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.

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top