Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

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

TRENDING
Huawei Mate 20 X Phone Gets Ahead in 5G License Race
Japanese Investors Can Now Buy Chinese Stocks
China Mobile Unveils Detailed Plans for ‘World’s Largest 5G Network’
LATEST
Could G20 Bring U.S.-China Truce?
Delayed Annual Reports by Small Banks Show Deteriorating Profits
China Sets New Rules to Bar Logistics Data War
Huawei Links Up With Youku in Video Push
National Auditor Finds Flaws in Local Debt Reports
Shanxi Province Warns Against Using Search Engines for Gaokao Applications
Hong Kong Anti-Graft Body Arrests Former Bourse Official
Government Asks Victims of P2P Fraud Case to Register for Compensation
Japanese Department Store Giant Pulls Out From China
BGI Genomics to Invest in Qingdao Medical Park
What’s Brewing? Luckin Coffee Vending Machines
Alibaba Aims to Double Global Brands With New English Site
Marubeni Taps China’s Nascent Refrigerated Transport Market With G7 Deal
Former China Merchants Chairman Opens Up About Long Friendship With Late CITIC Leader
China to Issue Sovereign Bonds in Macao For First Time
Micron Resumes Some Huawei Shipments Despite Trump Blacklist
DJI to Assemble Drones in California Amid Security Concerns
Citic Securities to Cut Stake in Rival Brokerage House
Embattled ZTE Says It Has Inked 25 5G Commercial Contracts
Japanese Investors Can Now Buy Chinese Stocks
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
Copyright © 2019 Caixin Global Limited. All Rights Reserved.