China's New Yuan Loans Surged in September
Chinese new bank loans soared in September, as lending typically picks up toward the end of the quarter and Beijing rolled out measures to boost domestic demand.
New yuan loans issued by banks stood at 1.08 trillion yuan, equivalent to $161.4 billion in September, surging from 60 billion yuan in August, according to data released Wednesday by the People's Bank of China.
This figure is in line with the 1 trillion yuan estimate in a Wall Street Journal survey of economists.
Total social financing, which also includes nonbank financing, stood at 3.55 trillion yuan in September, up from 1.66 trillion yuan in August.
M2, the broadest measure of money supply, rose 7.2% from a year earlier in September, weaker than the 7.5% increase in August and 7.4% anticipated by economists polled in the survey.
Write to Singapore Editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
October 14, 2026 05:53 ET (09:53 GMT)
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