China CNY

China New Yuan Loans

Info

History

Chart

Impact:

Medium

Source: People's Bank of China

Latest Release:

Date:

Surprise:

CNY-265B

CNY

Actual:

CNY1010B

Forecast: CNY1275B

Previous/Revision:

CNY5130B

Period: Feb

What Does It Measure?

China's New Yuan Loans measure the total amount of loans extended by financial institutions to various sectors of the economy within a specified reporting period, primarily assessing the credit growth and liquidity in the country. This indicator focuses on the availability of credit for businesses and consumers, influencing economic activities such as investment and consumption.

Frequency

New Yuan Loans data is released on a monthly basis, typically published in the second week of the following month, and it offers a preliminary estimate that may be revised later.

Why Do Traders Care?

Traders closely monitor New Yuan Loans as a significant gauge of economic health and future growth prospects in China, as fluctuations can impact global market sentiments and investment decisions. A surge in loans is often interpreted as a positive sign for economic activity, which can support increases in commodities’ prices and strengthen the yuan, while weak loan data may indicate economic slowdown, adversely affecting asset prices.

What Is It Derived From?

The New Yuan Loans figure is derived from the aggregate of loans issued by banks and lending institutions to households and businesses during the reporting month, employing standardized financial reporting methodologies. The data is collected based on comprehensive surveys of banks regarding their loan issuance activities, reflecting shifts in credit demand and supply.

Description

This indicator is central to understanding China's monetary policy and economic conditions, differentiating itself from other measures like M2 money supply by specifically focusing on the flow of newly lent capital. Since it provides insights into potential growth and spending patterns, it serves as a leading indicator of economic activity, influencing both domestic and global market trends.

Additional Notes

New Yuan Loans are generally considered a leading economic indicator as they often suggest future consumer spending and business investments. Comparatively, they may be juxtaposed with other metrics such as industrial production or retail sales to paint a fuller picture of economic momentum or contraction.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CNY, Bullish for Stocks. Lower than expected: Bearish for CNY, Bearish for Stocks. A dovish tone: Signaling lower interest rates or economic support, is usually good for the CNY but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 14, 2025	CNY1010B	CNY1275B	CNY5130B	CNY-265B
Feb 14, 2025	CNY5130B	CNY800B	CNY990B	CNY4330B
Jan 14, 2025	CNY990B	CNY850B	CNY580B	CNY140B
Dec 13, 2024	CNY580B	CNY950B	CNY500B	CNY-370B
Nov 11, 2024	CNY500B	CNY700B	CNY1590B	CNY-200B
Oct 14, 2024	CNY1590B	CNY1865B	CNY900B	CNY-275B
Sep 13, 2024	CNY900B	CNY1020B	CNY260B	CNY-120B
Aug 13, 2024	CNY260B	CNY450B	CNY2130B	CNY-190B
Jul 12, 2024	CNY2130B	CNY2200B	CNY950B	CNY-70B
Jun 14, 2024	CNY950B	CNY1300B	CNY730B	CNY-350B
May 11, 2024	CNY730B	CNY1200B	CNY3090B	CNY-470B
Apr 12, 2024	CNY3090B	CNY3560B	CNY1450B	CNY-470B
Mar 15, 2024	CNY1450B	CNY1500B	CNY4920B	CNY-50B
Feb 09, 2024	CNY4920B	CNY4500B	CNY1170B	CNY420B
Jan 12, 2024	CNY1170B	CNY1400B	CNY1090B	CNY-230B
Dec 13, 2023	CNY1090B	CNY1300B	CNY738.4B	CNY-210B
Nov 13, 2023	CNY738.4B	CNY665B	CNY2310B	CNY73.4B
Oct 13, 2023	CNY2310B	CNY2500B	CNY1360B	CNY-190B
Sep 11, 2023	CNY1360B	CNY1200B	CNY345.9B	CNY160B
Aug 11, 2023	CNY345.9B	CNY800B	CNY3050B	CNY-454.1B
Jul 11, 2023	CNY3050B	CNY2337B	CNY1360B	CNY713B
Jun 13, 2023	CNY1360B	CNY1600B	CNY718.8B	CNY-240B
May 11, 2023	CNY718.8B	CNY1402.5B	CNY3890B	CNY-683.7B
Apr 11, 2023	CNY3890B	CNY3235B	CNY1810B	CNY655B
Mar 10, 2023	CNY1810B	CNY1500B	CNY4900B	CNY310B
Feb 10, 2023	CNY4900B	CNY4000B	CNY1400B	CNY900B
Jan 10, 2023	CNY1400B	CNY1100B	CNY1210B	CNY300B
Dec 12, 2022	CNY1210B	CNY1350B	CNY615.2B	CNY-140B
Nov 10, 2022	CNY615.2B	CNY800B	CNY2470B	CNY-184.8B
Oct 11, 2022	CNY2470B	CNY1800B	CNY1250B	CNY670B
Sep 09, 2022	CNY1250B	CNY1480B	CNY679B	CNY-230B
Aug 12, 2022	CNY679B	CNY1100B	CNY2810B	CNY-421B
Jul 11, 2022	CNY2810B	CNY2400B	CNY1890B	CNY410B
Jun 10, 2022	CNY1890B	CNY1300B	CNY645.4B	CNY590B
May 13, 2022	CNY645.4B	CNY1515B	CNY3130B	CNY-869.6B
Apr 11, 2022	CNY3130B	CNY2675B	CNY1230B	CNY455B
Mar 11, 2022	CNY1230B	CNY1485B	CNY3980B	CNY-255B
Feb 10, 2022	CNY3980B	CNY3690B	CNY1130B	CNY290B
Jan 12, 2022	CNY1130B	CNY1250B	CNY1270B	CNY-120B
Dec 09, 2021	CNY1270B	CNY1555B	CNY826.2B	CNY-285B
Nov 10, 2021	CNY826.2B	CNY800B	CNY1660B	CNY26.2B
Oct 13, 2021	CNY1660B	CNY1850B	CNY1220B	CNY-190B
Sep 10, 2021	CNY1220B	CNY1300B	CNY1080B	CNY-80B
Aug 11, 2021	CNY1080B	CNY1200B	CNY2120B	CNY-120B
Jul 09, 2021	CNY2120B	CNY1800B	CNY1500B	CNY320B
Jun 10, 2021	CNY1500B	CNY1410B	CNY1470B	CNY90B
May 12, 2021	CNY1470B	CNY1600B	CNY2730B	CNY-130B
Apr 12, 2021	CNY2730B	CNY2450B	CNY1360B	CNY280B
Mar 10, 2021	CNY1360B	CNY950B	CNY3580B	CNY410B
Feb 09, 2021	CNY3580B	CNY3500B	CNY1260B	CNY80B
Jan 12, 2021	CNY1260B	CNY1220B	CNY1430B	CNY40B
Dec 09, 2020	CNY1430B	CNY1400B	CNY689.8B	CNY30B
Nov 11, 2020	CNY689.8B	CNY800B	CNY1900B	CNY-110.2B
Oct 14, 2020	CNY1900B	CNY1700B	CNY1280B	CNY200B
Sep 11, 2020	CNY1280B	CNY1220B	CNY992.7B	CNY60B
Aug 11, 2020	CNY992.7B	CNY1200B	CNY1810B	CNY-207.3B
Jul 10, 2020	CNY1810B	CNY1800B	CNY1480B	CNY10B
Jun 10, 2020	CNY1480B	CNY1500B	CNY1700B	CNY-20B
May 11, 2020	CNY1700B	CNY1400B	CNY2850B	CNY300B
Apr 10, 2020	CNY2850B	CNY1800B	CNY905.7B	CNY1050B
Mar 11, 2020	CNY905.7B	CNY1100B	CNY3340B	CNY-194.3B
Feb 20, 2020	CNY3340B	CNY3000B	CNY1140B	CNY340B
Jan 16, 2020	CNY1140B	CNY1194B	CNY1390B	CNY-54B
Dec 10, 2019	CNY1390B	CNY1200B	CNY661.3B	CNY190B
Nov 11, 2019	CNY661.3B	CNY800B	CNY1690B	CNY-138.7B
Oct 15, 2019	CNY1690B	CNY1400B	CNY1210B	CNY290B
Sep 11, 2019	CNY1210B	CNY1200B	CNY1060B	CNY10B
Aug 12, 2019	CNY1060B	CNY1250B	CNY1660B	CNY-190B
Jul 12, 2019	CNY1660B	CNY1250B	CNY1180B	CNY410B
Jun 12, 2019	CNY1180B	CNY1225B	CNY1020B	CNY-45B
May 09, 2019	CNY1020B	CNY1200B	CNY1690B	CNY-180B
Apr 12, 2019	CNY1690B	CNY1200B	CNY885.8B	CNY490B
Mar 10, 2019	CNY885.8B	CNY975B	CNY3230B	CNY-89.2B
Feb 15, 2019	CNY3230B	CNY2800B	CNY1080B	CNY430B
Jan 15, 2019	CNY1080B	CNY800B	CNY1250B	CNY280B
Dec 11, 2018	CNY1250B	CNY1121.5B	CNY697B	CNY128.5B
Nov 13, 2018	CNY697B	CNY874B	CNY1380B	CNY-177B
Oct 17, 2018	CNY1380B	CNY1350B	CNY1280B	CNY30B
Sep 12, 2018	CNY1280B	CNY1300B	CNY1450B	CNY-20B
Aug 13, 2018	CNY1450B	CNY1200B	CNY1840B	CNY250B
Jul 13, 2018	CNY1840B	CNY1725B	CNY1150B	CNY115B
Jun 12, 2018	CNY1150B	CNY1200B	CNY1180B	CNY-50B
May 11, 2018	CNY1180B	CNY1100B	CNY1120B	CNY80B
Apr 13, 2018	CNY1120B	CNY1200B	CNY839.3B	CNY-80B
Mar 09, 2018	CNY839.3B	CNY900B	CNY2900B	CNY-60.7B
Feb 12, 2018	CNY2900B	CNY2000B	CNY584.4B	CNY900B
Jan 12, 2018	CNY584.4B	CNY1000B	CNY1120B	CNY-415.6B
Dec 11, 2017	CNY1120B	CNY800B	CNY663.2B	CNY320B
Nov 13, 2017	CNY663.2B	CNY780B	CNY1270B	CNY-116.8B
Oct 14, 2017	CNY1270B	CNY1100B	CNY1090B	CNY170B
Sep 15, 2017	CNY1090B	CNY900B	CNY825.5B	CNY190B
Aug 15, 2017	CNY825.5B	CNY790B	CNY1540B	CNY35.5B
Jul 12, 2017	CNY1540B	CNY1200B	CNY1110B	CNY340B
Jun 14, 2017	CNY1110B	CNY1000B	CNY1100B	CNY110B
May 12, 2017	CNY1100B	CNY714B	CNY1020B	CNY386B
Apr 14, 2017	CNY1020B	CNY1200B	CNY1170B	CNY-180B
Mar 09, 2017	CNY1170B	CNY925B	CNY2030B	CNY245B
Feb 14, 2017	CNY2030B	CNY2440B	CNY1040B	CNY-410B
Jan 12, 2017	CNY1040B	CNY1000B	CNY794.6B	CNY40B
Dec 14, 2016	CNY794.6B	CNY720B	CNY651.3B	CNY74.6B
Nov 11, 2016	CNY651.3B	CNY700B	CNY1220B	CNY-48.7B
Oct 18, 2016	CNY1220B	CNY1000B	CNY948.7B	CNY220B
Sep 12, 2016	CNY948.7B	CNY617B	CNY1380B	CNY331.7B
Aug 12, 2016	CNY463.6B	CNY800B	CNY1380B	CNY-336.4B
Jul 15, 2016	CNY1380B	CNY1040B	CNY985.5B	CNY340B
Jun 15, 2016	CNY985.5B	CNY750B	CNY555.6B	CNY235.5B
May 13, 2016	CNY555.6B	CNY900B	CNY1370B	CNY-344.4B
Apr 15, 2016	CNY1370B	CNY1046B	CNY726.6B	CNY324B
Mar 11, 2016	CNY726.6B	CNY1200B	CNY2510B	CNY-473.4B
Feb 16, 2016	CNY2510B	CNY1800B	CNY597.8B	CNY710B
Jan 15, 2016	CNY597.8B	CNY700B	CNY708.9B	CNY-102.2B
Dec 11, 2015	CNY708.9B	CNY700B	CNY513.6B	CNY8.9B
Nov 12, 2015	CNY513.6B	CNY798.2B	CNY1050B	CNY-284.6B
Oct 15, 2015	CNY1050B	CNY900B	CNY809.6B	CNY150B
Sep 11, 2015	CNY809.6B	CNY900B	CNY1480B	CNY-90.4B
Aug 11, 2015	CNY1480B	CNY738B	CNY1280B	CNY742B
Jul 14, 2015	CNY1280B	CNY1050B	CNY900.8B	CNY230B
Jun 11, 2015	CNY900.8B	CNY900B	CNY707.9B	CNY0.8B
May 13, 2015	CNY707.9B	CNY903B	CNY1180B	CNY-195.1B