Tiongkok - Neraca Bank

The value of new yuan loans provided by the Chinese banks rose to CNY 1390 billion in November 2019 rebounding from CNY 661 billion in October, which was the lowest value since December 2017. Figures beat expectations of CNY 1200 billion and last year's reading of CNY 1250 billion as the PBoC has lowered several key interest rates in November and encouraged faster credit growth in order to support the economy. Bank lending in China usually increases in November after a decline in October when a week-long National Day holiday falls. Household loans, mostly mortgages, went up to CNY 683 billion from CNY 421 billion in October and corporate loans rose to CNY 679.4 billion from CNY 126 billion. Outstanding yuan loans grew 12.4% yoy, the same as in the previous month and slightly higher than market forecasts of 12.3%. Total social financing, a broad measure of credit and liquidity, increased to CNY 1750 billion from CNY 619 billion, which was the lowest since July of 2016.

The value of new yuan loans provided by the Chinese banks fell to CNY 661.3 billion in October 2019 from CNY 1690 billion in September and below expectations of CNY 800 billion. It is the lowest value since December 2017, compared with CNY 697 billion a year earlier. Household loans, mostly mortgages, fell to CNY 421 billion from CNY 755 billion in September and corporate loans went down to CNY 126.2 billion from CNY 1.01 trillion. Outstanding yuan loans grew 12.4% yoy, below 12.5% in September and market forecasts of 12.5%. Total social financing, a broad measure of credit and liquidity, went down to CNY 618.9 billion from CNY 22725 billion in September, the lowest since July of 2016. To support growth and lending, the PBoC lowered the rate on one-year MLF loans by 5 basis points to 3.25% on November 5th, the first reduction since early 2016.

Chinese banks extended CNY 1.69 trillion in net yuan loans in September 2019, compared to CNY 1.21 trillion in the previous month and market forecasts of CNY 1.40 trillion. Household loans, mostly mortgages, advanced to CYN 755 billion from CNY 653.8 billion in August, and corporate loans jumped to CNY 1.01 trillion from CNY 651.3 billion.

Chinese banks extended CNY 1.21 trillion in net new yuan loans in August 2019, compared to CNY 1.06 trillion in the previous month and market consensus of CNY 1.20 trillion. Household loans, mostly mortgages, increased to CNY 653.8 billion in August from CNY 511.2 billion in July, while corporate loans rose to CNY 651.3 billion from CNY 297.4 billion. Foreign currency loans decreased by USD 1.4 billion.

Chinese banks extended CNY 1.06 trillion in net new yuan loans in July 2019, compared to CNY 1.66 trillion in the previous month and market consensus of CNY 1.25 trillion. Household loans, mostly mortgages, fell to CNY 511.2 billion in July from CNY 671.7 billion in June, while corporate loans tumbled to CNY 297.4 billion from CNY 910.5 billion. Chinese banks usually make fewer loans in July after boosting lending in June.

Chinese banks extended CNY 1.66 trillion in net new yuan loans in June 2019, compared to CNY 1.18 trillion in the previous month and market consensus of CNY 1.70 trillion. Household loans, mostly mortgages, went up to CNY 761.7 billion from CNY 662.5 billion in April, while corporate loans rose to CNY 910.5 billion from CNY 522.4 billion a month earlier.