Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
China Expected to Have First Self-Designed DRAM Chip by Year End
Chinese Gaming Giant NetEase to Raise More Pigs
AB InBev Asian IPO Price Polling Below Midpoint of Range, Again
LATEST
China Expected to Have First Self-Designed DRAM Chip by Year End
Chinese Gaming Giant NetEase to Raise More Pigs
AB InBev Asian IPO Price Polling Below Midpoint of Range, Again
iPhone 11 Released in China to Mixed Reception From Shoppers
Pony Ma Steps Down as Tencent Credit’s Legal Representative
Local Emissions-Cutting Projects Could Help China Surpass International Commitments: Report
Short-Term Reference Rate for Loan Pricing Edges Down
Tencent Offers Open-Source System for IoT Innovation
Chinese Smartphone-Maker, Big in Africa, Prices IPO Far Above Apple
Dajia Insurance Launches Online Shop
World’s Highest Grid Project Takes Shape on ‘Roof of the World’
Battery Giant CATL in $1.4 Billion Fund-Raising Plan
Alibaba Recruits Big-Hitters for AI Research Labs
Zhejiang Regulators May Struggle to Implement Consumer Loan Rules
Is This Chinese Local Government Using a Journalist’s Trial to Quash Dissent?
ABB Bulks Up With Huawei on Industrial Cloud
China Biologic Receives $4.6 Billion Buyout Offer
Henlius Biotech Raises $410 Million in Hong Kong IPO
Mobile Game Revenue Steadily Recovering, Report Says
China’s Cybersecurity Industry Expected to Grow 23% to $8.9 Billion
Credit Growth Slows After March Surge

By Ke Baili / May 09, 2019 12:13 PM / Finance

Total social financing includes financing that exists outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales. Photo: VCG

Total social financing includes financing that exists outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales. Photo: VCG

China’s total social financing (TSF), a broad measure of credit and liquidity in the economy, grew by a net 1.36 trillion yuan ($200 billion) in April, below analysts' expectations and substantially lower than a net increase of 2.86 trillion yuan the month before, central bank data showed Thursday.

TSF includes financing that exists outside the conventional bank lending system like initial public offerings and bond sales. The median forecast of analysts polled by Bloomberg had been 1.65 trillion yuan TSF growth in April.

In April, banks made 1.02 trillion yuan in net new yuan loans, central bank data showed, also missing forecasts and down from 1.69 trillion yuan in March.

China’s outstanding M2, a broader measure of the money supply that covers all cash in circulation plus deposits, grew 8.5% year-on-year at the end of April, slipping from 8.6% growth a month earlier, the data show.

Check caixinglobal.com throughout the day for further analysis on the newly released data.

Share this article
Open WeChat and scan the QR code