China feels tighter financial conditions ahead of new year

Latest figures indicate large flows out of the shadow banking sector as the new year approaches

Several figures published by the People’s Bank of China indicate the country will experience somewhat tighter financial conditions going into the Chinese new year.

In January, bank loans surged to a record high of 2.9 trillion yuan ($460 billion), reflecting seasonal demand and a shift from shadow bank credit back to more traditional forms of financing. But at the same time, year-on-year total social financing (TSF), the PBoC’s measure of broad credit in the economy, has fallen to a multi-year

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: