Chinas new RMB loan in June is higher than expected

As there are more signs of slowing down in the Chinese economy, the scale of new RMB loans in June in China's banking industry is higher than expected.

According to the Dow Jones News Agency, data released by the People's Bank of China on Tuesday (July 11) showed that in JuneThe increase in RMB 3.36 trillion yuan is also higher than the RMB 2.55 trillion yuan expected by economists surveyed by the Wall Street Journal.

Data show that the increase in social financing in June was RMB 4.22 trillion, which was higher than RMB 1.56 trillion in May.Increased social financing scale is a measuring credit, including a wide range of non -bank loans.

With the slowdown of economic growth in the second quarter, the Bank of China has lowered the benchmark loan interest rate in June to encourage families and enterprises to increase borrowing.

At the end of June, the balance of broad currency (M2) increased by 11.3%year -on -year, lower than the increase of 11.6%in May, but higher than the 11.2%increase expected by economists who had been surveyed before.