trending Market Intelligence /marketintelligence/en/news-insights/trending/iccv4dfc59rr85sfcy9amw2 content esgSubNav
In This List

China's new yuan loans fall in October

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


China's new yuan loans fall in October

China's new yuan-denominated loans fell to 679 billion yuan in October from 1.38 trillion yuan in September, according to data from the People's Bank of China.

Compared with the same month a year ago, loans increased by 33.8 billion yuan.

Meanwhile, the broad M2 money supply, which covers cash in circulation and all deposits, grew 8% year over year to 179.56 trillion yuan at the end of October.

As of Nov. 12, US$1 was equivalent to 6.96 Chinese yuan.