China's New Yuan Loans Growth Was USD56.3 Billion Slower in July
Xu Wei
/SOURCE : yicai

(Yicai Global) Aug. 13 -- Chinese banks extended yuan-denominated loans by CNY1.06 trillion (USD150 billion) in July, down CNY397.5 billion (USD56.3 billion) from the same period of last year, according to the People's Bank of China.

At the end of July, China's M2 broad money supply climbed 8.1 percent from the previous year, which was 0.4 percentage point less than in June. The scale of outstanding total social financing, which includes off-balance sheet forms of funding outside the conventional lending system, rose 10.7 percent. That is 0.2 percentage point down from June.

Editor: Emmi Laine  

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