, China

China's RMB506b loan growth disappoints market

It was 13% below their expectations.

According to Bernstein Research, new loan growth during the month was RMB 506 billion, 13% below market expectations and the weakest monthly level year-to-date (nearly 20% below the previous low of RMB 620 billion of new loans issued in February).

The portion of loan growth that translates the most into economic growth also showed weakness in October as medium- and long-term loan issuance (at RMB 300bn) fell to the lowest level year-to-date. 

"Residential mortgage loan growth in October was RMB 116 billion, a healthy figure but representing
the 2nd lowest monthly issuance year-to-date," Bernstein Research said.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry.