Comments from People’s Bank of China training school professor Wang Yong
Writing a piece in the Securities Times
Bloomberg with the headlines
- Says China January New Loans may exceed 2tln yuan
- Warns of an 'abnormal' surge in China new loans in January
Nothing further at this stage
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Just for reference - December new Loans were 597.8bn
January data is due sometime between the 10th and 15th this month.
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More detail via Bloomberg:
- New lendings were 1.7tln yuan in the 1st half of January
- Might exceed 2tln yuan for whole January without control
- Such a large amount of new loans is rare in history while real economy's lending demand is shrinking
- Surge in new loans leads to tight interbank liquidity, which is also largely affected by falling yuan positions this year