Experts expect China's new yuan-denominated lending for November to increase moderately, as enterprises' credit demand has recovered along with signs that the stabilizing economy has begun to pick up. November's new yuan lending will rise to around 550 billion yuan (87 billion U.S. dollars), according to Lu Zhengwei, chief economist of Industrial Bank, as quoted by Shanghai Securities News on Tuesday. Sheng Hongqing, chief analyst on the macro economy with China Everbright Bank, also expects lending to increase, attributing this to a rebound in companies' demand for medium- and long-term loans. Micro loans and lending for infrastructure projects, engineering machinery and housing mortgages have also contributed to the rising figure in November, he added. If their expectations are confirmed by data to be released by the country's central bank, it will mark the end of a two-month drop since September, data from the People's Bank of China show. Although the increase in new yuan lending is limited, the growth of social financing, a measure of funds raised by entities in the real economy, will outnumber that seen in the same period of 2011, propped up by surging trust loans and corporate bonds, Lu said. New yuan-denominated lending in October hit a 13-month low of 505.2 billion yuan, dropping 81.6 billion yuan year on year, data show. A report from China Merchants Securities said new yuan lending for the full year is expected to stand below 8.3 trillion yuan, as loans in the last two months are likely to be limited. The figure reached 7.23 trillion yuan by the end of October.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor