Feb
16
China’s New Credit Surges to Record on Seasonal Lending Binge
By-
Property recovery fuels demand for loans at new year
-
Companies increase bond issuance with yields at decade low
China’s broadest measure of new credit surged to a record as a seasonal lending binge coincided with a recovery in property prices.
Aggregate financing rose to 3.42 trillion yuan ($525 billion) in January, according to a report from the People’s Bank of China on Tuesday, compared with the median forecast of 2.2 trillion yuan in a Bloomberg survey. New yuan loans jumped to 2.51 trillion yuan, also a record and beating the median estimate of 1.9 trillion yuan…
China’s New Credit Surges to Record on Seasonal Lending Binge
