China Oct lending data now out 13 Nov

  • new yuan loans 663.2bln vs 780bln exp
  • end-Oct yuan lending +13% yy vs 13.1% exp
  • aggregate financing Oct +13% yy, yuan 1.040bln vs 1.1bln exp

Softer than expected data but still beating prev.

"You think it's true they make all this stuff up?" "Who cares"