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CN New RMB Loans at RMB4.71T in Jan, vs Mkt Expected RMB5T
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At the end of January, the balance of domestic and foreign currency loans in mainland China was RMB280.59 trillion, representing a YoY growth of 6%, the People's Bank of China (PBOC) announced. The balance of RMB loans at the end of the month was RMB276.62 trillion, with a YoY hike of 6.1%. In January, RMB loans increased by RMB4.71 trillion, while the market had expected a rise of RMB5 trillion. At the end of January, the balance of foreign currency loans was USD570.1 billion, notching a YoY growth of 6.6%. In January, foreign currency loans mounted USD25.1 billion. AASTOCKS Financial News Website: www.aastocks.com |
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