China December New Yuan Loans Miss Expectations

2013-01-15 02:11 GMT | [CNY - New Loans]

• past data is 625B
• forecast data is 600B
• actual data is 483B according to the latest press release

if actual > forecast = good for currency (for CNY in our case)

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China December New Yuan Loans Miss Expectations

Chinese banks extended CNY 482.5 billion in new yuan loans in December, less than CNY 570 billion forecast by economists, data released by the People's Bank of China showed Wednesday.

In November, banks extended a total of CNY 624.6 billion in local currency loans.

The broad money aggregate, M2 money supply, increased 13.6 percent year-on-year in December, compared with expectations for a 13.9 percent rise. This was also slower than 14.2 percent growth in November.

China's aggregate social financing came in at CNY 1.23 trillion in December, unchanged from November, but higher than the expected CNY 1.14 trillion.