net_left adver left

China Dec new bank loans beat forecast, 2022 lending at record high

Wednesday, January 11, 2023
China Dec new bank loans beat forecast, 2022 lending at record high © Reuters. FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo

By Judy Hua and Kevin Yao

BEIJING (Reuters) -New bank lending in China unexpectedly rose in December from the previous month, central bank data showed on Tuesday, with 2022 setting a record high for lending as the central bank continued to support the COVID-ravaged economy.

Chinese banks extended 1.4 trillion yuan ($206.7 billion) in new yuan loans in December, up from November and beating analysts' expectations, according to data released by the People's Bank of China.

Analysts polled by Reuters had predicted new yuan loans would drop to 1.1 trillion yuan in December from 1.21 trillion yuan the previous month. The new loans were also higher than 1.13 trillion yuan a year earlier.

"China's new loans beat expectations for December while aggregate financing missed," said Zhou Hao, chief economist at brokerage house Guotai Junan International. "The market had a low expectation as the virus resurgence should have dampened credit activities."

He said that investors' eyes have now turned to data for credit extensions in the first month of the year.

"As new loans came in higher than expected in December, there's a big hope of massive loan extension at the beginning of 2023, further boosting growth prospects," he said.

Household loans, including mortgages, fell to 175.3 billion yuan in December from 262.7 billion yuan in November, while corporate loans rose to 1.26 trillion yuan from 883.7 billion yuan, according to central bank data.

New bank lending hit a record 21.31 trillion yuan in 2022, up from 19.95 trillion yuan in 2021 - the previous record.

Chinese leaders have pledged to increase support for the world's second-largest economy, which was hit hard by COVID-19 lockdowns last year as well as slowing global demand. After tough virus curbs were abruptly lifted in December, the country is now battling a surge of infections.

The central bank has promised to make its policy "precise and forceful" this year to support the economy, keeping liquidity reasonably ample and lowering funding costs for businesses.

Broad M2 money supply grew by 11.8% in December from a year earlier, central bank data showed, below estimates of 12.2% forecast in the Reuters poll. M2 grew 12.4% in November from a year earlier.

Outstanding yuan loans grew by 11.1% in December from a year earlier compared with 11.0% growth in November. Analysts had expected 11.0% growth.

Growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, slowed to 9.6% in December from a year earlier and from 10.0% in November.

TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

In December, TSF fell to 1.31 trillion yuan from 1.99 trillion yuan in November. Analysts polled by Reuters had expected December TSF of 1.60 trillion yuan.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
23-03-2023 21:27:13 (UTC+7)

EUR/USD

1.0890

+0.0035 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.0890

+0.0035 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.2314

+0.0050 (+0.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/JPY

131.29

-0.15 (-0.12%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

AUD/USD

0.6714

+0.0032 (+0.47%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

USD/CAD

1.3642

-0.0085 (-0.62%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

EUR/JPY

142.96

+0.28 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

EUR/CHF

0.9965

+0.0008 (+0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Gold Futures

1,985.20

+35.60 (+1.83%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

23.233

+0.447 (+1.96%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (5)

Copper Futures

4.0928

+0.0483 (+1.19%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (8)

Crude Oil WTI Futures

71.05

+0.15 (+0.21%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (11)

Brent Oil Futures

76.83

+0.14 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (10)

Natural Gas Futures

2.206

+0.035 (+1.61%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (4)

US Coffee C Futures

175.12

-2.88 (-1.62%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (9)

Sell (0)

Euro Stoxx 50

4,203.35

+7.65 (+0.18%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (6)

S&P 500

3,984.88

+47.91 (+1.22%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

DAX

15,217.55

+1.36 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,509.13

-57.71 (-0.76%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

Hang Seng

20,049.64

+458.21 (+2.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,762.15

+28.81 (+1.66%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

IBEX 35

9,000.33

-8.97 (-0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

BASF SE NA O.N.

46.490

-0.070 (-0.15%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (4)

Bayer AG NA

56.03

-0.60 (-1.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

207.28

-0.82 (-0.39%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (7)

Adidas AG

142.25

+1.25 (+0.89%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (1)

Deutsche Lufthansa AG

9.874

-0.004 (-0.04%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

144.32

-0.62 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

9.480

-0.163 (-1.69%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0890↑ Buy
 GBP/USD1.2314↑ Buy
 USD/JPY131.29Sell
 AUD/USD0.6714↑ Buy
 USD/CAD1.3642↑ Sell
 EUR/JPY142.96↑ Buy
 EUR/CHF0.9965↑ Sell
 Gold1,985.20↑ Buy
 Silver23.233Neutral
 Copper4.0928↑ Sell
 Crude Oil WTI71.05↑ Sell
 Brent Oil76.83↑ Sell
 Natural Gas2.206Neutral
 US Coffee C175.12Buy
 Euro Stoxx 504,203.35Neutral
 S&P 5003,984.88↑ Sell
 DAX15,217.55Neutral
 FTSE 1007,509.13↑ Sell
 Hang Seng20,049.64↑ Buy
 Small Cap 20001,762.15↑ Sell
 IBEX 359,000.33Neutral
 BASF46.490Neutral
 Bayer56.03↑ Sell
 Allianz207.28↑ Sell
 Adidas142.25Buy
 Lufthansa9.874Sell
 Siemens AG144.32↑ Buy
 Deutsche Bank AG9.480↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,660/ 6,710
(10/ 10) # 1,070
SJC HCM6,655/ 6,725
(10/ 10) # 1,085
SJC Hanoi6,655/ 6,727
(10/ 10) # 1,087
SJC Danang6,655/ 6,727
(10/ 10) # 1,087
SJC Nhatrang6,655/ 6,727
(10/ 10) # 1,087
SJC Cantho6,655/ 6,727
(10/ 10) # 1,087
Cập nhật 23-03-2023 21:27:15
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,982.90+13.130.67%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.96024.430
RON 95-III23.03023.490
E5 RON 92-II22.02022.460
DO 0.05S19.30019.680
DO 0,001S-V20.56020.970
Dầu hỏa 2-K19.46019.840
ↂ Giá dầu thô thế giới
WTI$70.95-0.79-1.13%
Brent$76.38-0.89-1.18%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.300,0023.670,00
EUR25.009,8726.410,24
GBP28.229,1229.432,78
JPY174,87185,12
KRW15,8919,36
Cập nhật lúc 18:50:17 23/03/2023
Xem bảng tỷ giá hối đoái
adver main right