China Financial Daily

June financial institutions of new loans 1530400000000
People’s Bank of China Web site, according to the latest news, People’s Bank of China to investigate the preliminary report of the Statistics Division, in June of the loans of financial institutions of RMB 1.5304 trillion yuan last month added that the deposits 2.0022 trillion yuan from the previous month add detail to the recent data announced.

Before in this data, the pre-market, in June of new loans will have increased dramatically. Accept the Economic Observer net “monthly forecast of macroeconomic data,” survey of nine research institutions, all institutions have found that in June of new loans will be more than five months, six of them in June forecast of new loans will be more than one trillion yuan, far far in excess of 664.5 billion yuan in May.

Loans increased in June for the reasons, institutional reasons given include: reduced capital loans of small and medium banks raise enthusiasm; the warmer the real estate market and bank protection in the semi-annual performance of a sprint.

Benefit from the easy monetary policy and 4 trillion economic stimulus plan in 2009 yuan of new loans continued to rise high. First quarter of this year of new loans amounted to 4.58 trillion yuan invested, which was close to 4.91 trillion yuan last year, the total new loan amount, be considered as a non-normal “expansion,” the situation is not sustainable norm. New loans in April fell rapidly, only increased 591.8 billion yuan, less than in March by 1.3 trillion (in March of new loans 1890000000000), Central, dropped more than 68.7 percent, which is a single month this year, added credit the first time less than 1 trillion yuan. However, after the volume of credit in May and began to rise, but it is still below one trillion.

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