China’s Newly Added RMB Loans Expanded 64.9 Billion Yuan YoY In April, China’s Central Bank Says

At the end of April, the balance of domestic and foreign currency loans was 231.27 trillion yuan, a year-on-year increase of 10.9%. At the end of the month, the balance of RMB loans was 226.16 trillion yuan, a year-on-year increase of 11.8%. The growth rate was unchanged from the end of March, but 0.8 percentage point higher the same period of last year. Newly added RMB loans stood at 718.8 billion yuan, an increase of 64.9 billion yuan YoY. In terms of sectors, household loans decreased by 241.1 billion yuan, of which short-term loans decreased by 125.5 billion yuan, medium and long-term loans decreased by 115.6 billion yuan; loans to enterprises (institutions) increased by 683.9 billion yuan, of which short-term loans decreased by 109.9 billion yuan, and medium- and long-term loans increased by 666.9 billion yuan, and bill financing increased by 128.0 billion yuan; loans from non-banking financial institutions increased by 213.4 billion yuan. At the end of April, the balance of foreign currency loans was $737.5 billion, a year-on-year decrease of 20%. Foreign currency loans decreased by $21.3 billion in April, a year-on-year decrease of $400 million.