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New yuan loans hit 1.22 trln yuan in Sept.

CCTV.com

10-18-2016 16:39 BJT

Chinese banks extended 1.22 trillion yuan or 181 billion US dollars in new yuan loans in September--- well above analysts' expectations and up from 948.7 billion yuan in August.

Outstanding yuan loans hit 104.11 trillion yuan, up 13 percent from the same period last year.

Broad M2 money supply grew 11.5 percent from a year earlier to 151.64 trillion yuan, slightly below forecasts but edging up from 11.4 percent in August. 

China's foreign reserve hit 3.17 trillion US dollars in September.

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