News Column

Daily Loans Maintained CNY30bn to CNY50bn in Aug

August 14, 2014

BEIJING, August 14, SinoCast -- Newly-added loans in July hit a 55-month low to merely CNY 385.2 billion in July, causing a market worry, according to the central bank PBC.

A person in charge of a department at PBC said the main financial indicators in July were still in a reasonable range in general deducting special basis, seasonable effect and other factors and daily loans maintained CNY 30 billion to CNY 50 billion after early August and predicted the money credit and social financing will still maintain a stable growth momentum.

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Source: Sinocast Banking & Credit Beat (China)

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