• Prior +7.0%
  • New yuan loans ¥1.010 trillion vs ¥1.275 trillion expected
  • Prior ¥5.13 trillion

New bank lending tends to come in strongly in the first two months due to the Chinese New Year period and this year is no different. The year-to-date total from January and February is ¥6.14 trillion but it falls short compared to last year's ¥6.37 trillion in the same period. We'll see how things go in the months ahead as Beijing is trying to encourage more lending in order to boost economic activity.

Source: Forex Live