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New bank lending in China saw a significant increase in September as authorities implemented stimulus measures to support the economy. Chinese banks extended 1.59 trillion yuan ($225 billion) in new yuan loans last month, up 77% from August but slightly below analysts’ expectations. The People’s Bank of China (PBOC) announced the new lending figure, which falls short of the predicted 1.87 trillion yuan. The Central bank unveiled its most aggressive monetary stimulus package since the COVID-19 pandemic in late September to boost growth. Broad M2 money supply grew 6.8% year-on-year, exceeding analysts’ forecasts, while outstanding yuan loans grew 8.1% in September compared to the previous year. Total social financing (TSF), which includes off-balance sheet forms of financing, rose to 3.76 trillion yuan in September. These measures come as China aims to stabilize its economy amid global economic challenges.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
