net_left XM mien phi swap Kdata 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
XM nhan 5k net_home_top HOT AUTO TRADE BOT SOFTWARE
07-12-2023 11:11:01 (UTC+7)

EUR/USD

1.0762

0.0000 (0.00%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (4)

EUR/USD

1.0762

0.0000 (0.00%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (4)

GBP/USD

1.2551

-0.0008 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

USD/JPY

146.88

-0.43 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

AUD/USD

0.6531

-0.0018 (-0.27%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

USD/CAD

1.3606

+0.0014 (+0.11%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (5)

EUR/JPY

158.07

-0.49 (-0.31%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (0)

EUR/CHF

0.9421

+0.0004 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (0)

Gold Futures

2,043.35

-4.55 (-0.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Silver Futures

24.135

-0.093 (-0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Copper Futures

3.7512

+0.0212 (+0.57%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (1)

Crude Oil WTI Futures

69.80

+0.42 (+0.61%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

Brent Oil Futures

74.68

+0.38 (+0.51%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (5)

Natural Gas Futures

2.563

-0.004 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

US Coffee C Futures

175.85

-7.90 (-4.30%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Euro Stoxx 50

4,483.75

+30.98 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (6)

S&P 500

4,549.34

-17.84 (-0.39%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (4)

DAX

16,656.44

+123.33 (+0.75%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

FTSE 100

7,515.38

+25.54 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Hang Seng

16,232.00

-242.00 (-1.47%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

1,851.25

-4.79 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

IBEX 35

10,258.10

+19.70 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

BASF SE NA O.N.

44.440

+0.840 (+1.93%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

32.39

+0.69 (+2.16%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

240.95

+2.20 (+0.92%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Adidas AG

197.00

+1.72 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Deutsche Lufthansa AG

8.585

+0.266 (+3.20%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

160.92

+2.18 (+1.37%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

Deutsche Bank AG

11.670

+0.100 (+0.86%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.0762Sell
 GBP/USD1.2551↑ Sell
 USD/JPY146.88↑ Buy
 AUD/USD0.6531↑ Buy
 USD/CAD1.3606Neutral
 EUR/JPY158.07Neutral
 EUR/CHF0.9421↑ Buy
 Gold2,043.35↑ Sell
 Silver24.135↑ Sell
 Copper3.7512Buy
 Crude Oil WTI69.80↑ Buy
 Brent Oil74.68Neutral
 Natural Gas2.563↑ Buy
 US Coffee C175.85↑ Buy
 Euro Stoxx 504,483.75↑ Sell
 S&P 5004,549.34Sell
 DAX16,656.44↑ Sell
 FTSE 1007,515.38↑ Sell
 Hang Seng16,232.00↑ Buy
 Small Cap 20001,851.25↑ Sell
 IBEX 3510,258.10↑ Sell
 BASF44.440↑ Buy
 Bayer32.39↑ Buy
 Allianz240.95Buy
 Adidas197.00↑ Sell
 Lufthansa8.585Sell
 Siemens AG160.92Neutral
 Deutsche Bank AG11.670Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,320/ 7,420
(0/ 0) # 1,454
SJC HCM7,310/ 7,430
(10/ 10) # 1,465
SJC Hanoi7,310/ 7,432
(10/ 10) # 1,467
SJC Danang7,310/ 7,432
(10/ 10) # 1,467
SJC Nhatrang7,310/ 7,432
(10/ 10) # 1,467
SJC Cantho7,310/ 7,432
(10/ 10) # 1,467
Cập nhật 07-12-2023 11:11:05
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,026.44+7.940.39%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.68024.150
RON 95-III22.99023.440
E5 RON 92-II21.79022.220
DO 0.05S20.19020.590
DO 0,001S-V21.59022.020
Dầu hỏa 2-K21.11021.530
ↂ Giá dầu thô thế giới
WTI$69.95-5.34-0.07%
Brent$74.74-5.32-0.07%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.070,0024.440,00
EUR25.465,8726.864,16
GBP29.703,4830.968,33
JPY160,35169,74
KRW15,9219,29
Cập nhật lúc 11:06:08 07/12/2023
Xem bảng tỷ giá hối đoái
XM don bay 1:1000 main right adver main right