Latest News:  
Beijing   Cloudy/Sunny    24 / 14 ℃  City Forecast

English>>China Business

China's Aug new lending rises to 704b yuan


08:14, September 12, 2012

China's new yuan-denominated lending in August rose to 703.9 billion yuan ($111.7 billion), an increase of 155.5 billion yuan from a year earlier, the People's Bank of China, the central bank, announced Tuesday.

Preliminary data showed that social financing, a measure of funds raised by entities in the real economy, totaled 1.24 trillion yuan in August, up 188.5 billion yuan from July and 166.6 billion yuan from the same period in 2011, said the PBOC.

From January to August, social financing amounted to 10.07 trillion yuan, up 691.5 billion yuan from the same period in 2011, said the bank.

New yuan-denominated loans in July declined sharply to 540.1 billion yuan, the lowest since September 2011. This compares to new loans of 919.8 billion yuan in June, which hit a three-month high after reaching 1.01 trillion yuan in March.

Tuesday's statement did not include other data such as M1 and M2, the narrow and broad measure of money supply.

News we recommend:
Golden Week boosts travel firms Inflation rebounds to 2% in August Vehicle sales increase, but dealers still see profits drop
Energy conservation: A New Investment Opportunity NDRC raises fuel prices Experts say 8% growth possible
Grape expectations from Argentina  Secrets of the Chinese travelers Answering the E-Waste Question


Leave your comment0 comments

  1. Name


Selections for you

  1. Fighters conduct live-fire attack training

  2. North Korea in festive mood for National Day

  3. Experts say 8% growth possible

  4. The Peacock and Peacock princess Yang Liping

  5. Gao Xiaosong on America

  6. How to Photograph Fall Colors

Most Popular


  1. Commentary: EU needs to think big, like APEC
  2. Green economy should not be used as political card
  3. Hongkongers remain confused over identity
  4. 9/11 attack spurred mistaken wartime strategy
  5. Japan lost at sea among shifting priorities
  6. Regaining Diaoyu needs long-term efforts
  7. Expert: China needs more elite servicemen

What's happening in China

Bombing victims to sue in Chinese court

  1. Pricey Teachers' Day gifts create anxiety
  2. Rescuers track down missing hikers
  3. Social security for 54% of expats
  4. Predicted rain could hamper rescuers
  5. HK retains 'most expensive' ranking

China Features

  1. Miss World Eco-tourism 2012 crowned in Nanjing
  2. 'Voyager of the Seas' sets sail from Tianjin
  3. Which special tour is right for you?
  4. Cooperation promote sustainable economic growth
  5. Exclusive:A probe into GM rice test

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture