RMB Loans Increased Nearly 2 Trillion

The People’s Bank of China announced the third quarter financial institution loan investment statistics report. As of the end of the third quarter, the balance of RMB loans of financial institutions was 133.27 trillion yuan, up 13.2% year-on-year, and the growth rate was higher than that at the end of last quarter. 0.5 percentage points; the first three quarters increased by 13.14 trillion yuan, an increase of 1.98 trillion yuan year-on-year.

PBOC said that the growth rate of loans for enterprises and other units increased by 7.05 trillion yuan in the first three quarters, an increase of 1.47 trillion yuan year-on-year. The growth of industrial medium– and long-term loans accelerated, with an increase of 586 billion yuan in the first three quarters and an increase of 129.5 billion yuan year-on-year.

The growth rate of personal housing loans declined. In the first three quarters, it increased by 5.21 trillion yuan, accounting for 39.6% of the increase in various loans during the same period, 1.5 percentage points lower than the annual level of the previous year. Household loan growth slowed down, with an increase of 5.69 trillion yuan in the first three quarters, an increase of 45.4 billion yuan from the previous year. As of the end of the quarter, the balance of household consumer loans was 36.24 trillion yuan, up 20.0% year-on-year. The growth rate was 1.1 percentage points lower than the end of the previous quarter. In the first three quarters, it increased by 4.71 trillion yuan, an increase of 442.7 billion yuan.

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