I posted yesterday on the New yuan loans and Aggregate financing data due from China
- Due sometime 10th to 15th August (11th to 15th now, of course)
The post is here for what is expected etc
A couple of very quick previews:
HSBC:
We expect monthly new RMB lending to moderate to RMB900bn from RMB1,540bn in June, after strong quarter-end lending. Total social financing also is likely to come in lower at RMB1,200bn, amidst tighter financial regulations targeted at off-balance sheet credit growth. As a result, M2 growth likely remained muted, but could see some lift from a low base last year.
Barclays:
We expect total social financing and new loans to decline in July due to seasonal effects and mortgage tightening measures. M2 growth is likely to remain low at 9.4%, as financial deleveraging continues.
