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<Econ>CN Adds RMB9.11T in New RMB Loans in 5M26, Slightly Above Expectations
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The People's Bank of China released its financial statistics report for May. As of end-May, the outstanding balance of domestic and foreign currency loans stood at RMB284.79 trillion, up 5.4% YoY. Outstanding RMB loans amounted to RMB281.02 trillion, up 5.5% YoY. In the first five months, new RMB loans added by RMB9.11 trillion, slightly above market expectations of RMB9.04 trillion. By sector, household loans reduced by RMB631.4 billion, of which short-term loans fell by RMB694.2 billion while medium- to long-term loans grew by RMB62.8 billion. Loans to enterprises and public institutions hiked by RMB9.63 trillion. Loans to non-banking financial institutions lowered by RMB279.7 billion. As of end-May, outstanding foreign currency loans totaled USD553.2 billion, up 2.6% YoY. In the first five months, foreign currency loans increased by USD8.2 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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