{"id":128326,"date":"2021-06-10T08:26:56","date_gmt":"2021-06-10T08:26:56","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128326"},"modified":"2021-06-10T08:26:56","modified_gmt":"2021-06-10T08:26:56","slug":"china-may-new-bank-loans-rise-to-1-5-trln-yuan-beat-expectations","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/china-may-new-bank-loans-rise-to-1-5-trln-yuan-beat-expectations\/","title":{"rendered":"China May new bank loans rise to 1.5 trln yuan, beat expectations"},"content":{"rendered":"
BEIJING, June 10 (Reuters) – Chinese banks extended 1.5 trillion yuan ($234.76 billion) in new yuan loans in May, up from April and exceeding analysts\u2019 expectations.<\/p>\n
Analysts polled by Reuters had predicted new yuan loans would dip to 1.41 trillion yuan in May from 1.47 trillion yuan the previous month and against 1.48 trillion yuan a year earlier.<\/p>\n
Broad M2 money supply grew 8.3% from a year earlier, central bank data showed on Thursday, above estimates of 8.1% forecast in the Reuters poll, which matched the pace in April.<\/p>\n
Outstanding yuan loans grew 12.2% from a year earlier compared with 12.3% growth in April. Analysts had expected 12.2% growth.<\/p>\n