China’s aggregate financing increased by RMB1.29 trillion in October; new loans disappoint12 November, 2012, 10:53. Posted by Zarathustra
People’s Bank of China publishes aggregate financing figures.
Net new aggregate financing for the month of October amounted to RMB1.29 trillion, down from RMB1.65 trillion in September.
Most components of aggregate financing fell in October compared with September with the exception of corporate bond issuance, which increased from RMB227.8 billion in September to RMB299.2 billion.
Of particular interest, net new loans amounted to RMB505.2 billion, down from RMB623.2 billion, and much lower than consensus estimate of about RMB600 billion.
Source: People’s Bank of China