MNI BRIEF: China Sep New Loans, Aggregate Finance At 3-Mo High
Oct-15 09:31
China+ 3
China's new yuan loans rose by CNY1.29 trillion in September, rising from August's CNY590 billion and marking a three-month high, data released on Wednesday by the People's Bank of China showed.
Total social financing rose by CNY3.53 trillion, increasing from CNY2.57 trillion in August, and also reaching a high point in Q3. M2 money supply grew by 8.4% y/y, missing market forecasts of 8.5% growth and slowing from August's 8.8% gain. While M1 rose by 7.2% y/y, rising from August's 6.0% growth to the highest since January 2023. M0 rose by 11.5% y/y, edging down from the previous 11.7%.
Shadow banking transactions increased by CNY357.9 billion, compared to a CNY215.7 billion expansion in the previous month.
