Chinese November money supply data report now out 14 Dec

  • Nov new yuan loans 794.6bln vs 720bln exp
  • end-Nov yuan lending yy +13.1% vs 13.0% exp
  • total social financing yuan 1.74trln
  • outstanding total social financing +13.3% yy to yuan 154.36 trln
  • end-Nov FX depos $702.6bln vs$682.2bln end-Oct

Mixed data not offering us too many clues.