China’s aggregate financing increased by RMB1.29 trillion in October; new loans disappoint
12 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
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.