PBC: New RMB loans add 345.9 billion yuan in July, a YoY increase of 349.8 billion yuan

The data from the People’s Bank of China show that in the first seven months, RMB loans increased by 16.08 trillion yuan, an increase of 1.67 trillion yuan year-on-year. In July, RMB loans increased by 345.9 billion yuan, estimated at 780 billion yuan, and the previous value was 3,049.5 billion yuan. In terms of sectors, household loans decreased by 200.7 billion yuan, of which short-term loans decreased by 133.5 billion yuan, and medium and long-term loans decreased by 67.2 billion yuan. Loans issued to enterprises (institutions) increased by 237.8 billion yuan, of which short-term loans decreased by 378.5 billion yuan, and medium-term loans decreased by 378.5 billion yuan. Long-term loans increased by 271.2 billion yuan, and bill financing increased by 359.7 billion yuan. Loans from non-banking financial institutions increased by 217 billion yuan.