China Aug new yuan loans 948.7 bln yuan, well above expectations

September 14, 2016 8:15 AM

7 0

BEIJING, Sept 14 Chinese banks extended 948.7 billion yuan ($142.23 billion) in net new yuan loans in August, exceeding analysts' expectations and more than double the previous month's lending of 463.6 billion yuan.

Broad M2 money supply (M2) grew 11.4 percent from a year earlier, the central bank said on Wedneday, also beating forecasts.

Also read: 'Bitcoin cash' surges 40% in single day as investors bet on its faster processing speeds

Read more

To category page