China Sept new yuan loans 1.22 trillion yuan, well above forecasts

October 18, 2016 7:12 AM

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BEIJING Oct 18 Chinese banks extended 1.22 trillion yuan ($181 billion) in net new yuan loans in September, well above analysts' expectations and up from 948.7 billion yuan in August.

Broad M2 money supply (M2) grew 11.5 percent from a year earlier, the central bank said on Wednesday, slightly below forecasts but edging up from 11.4 percent in August.

Also read: China new housing loans to individuals rose to $539 billion in Jan-Sept

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