China's October new loans seen lower but credit easing on track: Reuters poll [Reuters]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Reuters
China's October new loans seen lower but credit easing on track: Reuters poll | Reuters 4 Min Read BEIJING (Reuters) - New banks loans in China likely fell in October due to a seasonal lull but were still well ahead of historical trends as policymakers urge lenders to keep cash-starved firms afloat as the economy slows, a Reuters poll showed. Banks likely extended 862 billion yuan ($196.56 billion) in net new yuan loans in October, a traditionally weaker month due to long holidays, according to the poll, which surveyed 32 analysts. While the figure appears modest compared with the 1.38 trillion yuan increase in new loans in September, it would mark the biggest October gain since Reuters started compiling the data in 1990. Chinese policymakers have stepped up efforts in recent months to keep credit flowing to struggling smaller firms, especially private companies which account for 60 percent of the economy and 80 percent of urban jobs. But banks prefer dealing with firms which have sta
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MFG
Sec Filings
- 2/26/24 - Form 6-K
- 2/22/24 - Form 6-K
- 2/22/24 - Form 6-K
- MFG's page on the SEC website