Press "Enter" to skip to content

Chinese banks extended fewer new loans in December, overall credit growth held up


Chinese banks extended fewer new loans in December, but the country's overall credit growth held up after the central bank eased policy to support the slowing economy.

Chinese banks extended 1.14 trillion yuan ($165.45 billion) in new yuan loans in December, data released by the People's Bank of China showed on Thursday. That's down from 1.39 trillion yuan in November and lower than 1.19 trillion yuan expected by analysts in . . .

To continue reading, please subscribe. You will get

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In