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在线翻译:
szdaily -> Business -> 
April new loans rise but shadow lending shrinks
    2018-05-14  08:53    Shenzhen Daily

BANKS extended 1.18 trillion yuan (US$186.37 billion) in net new yuan loans in April, up slightly from March and higher than expectations, as policymakers look to support the economy as it faces fresh risks from U.S. trade threats.

Friday’s credit data also showed Chinese regulators are continuing to make progress in their campaign to clamp down on riskier lending practices and shadow banking in the world’s second-largest economy.

Analysts polled previously had seen new yuan loans of 1.1 trillion yuan, down slightly from March’s 1.12 trillion yuan.

Banks extended 6.04 trillion yuan in the first four months of the year, up 13.5 percent from the same period last year.

But Capital Economics’ measure of growth of broad credit, which adjusts aggregate financing to the real economy to exclude equity and include government bonds, edged down to 12.1 percent in April, its slowest pace since 2006.

“Credit growth looks set to slow further, which should weigh on economic activity during the remainder of this year,” said Julian Evans-Pritchard at Capital Economics.

China’s banks extended a record 13.53 trillion yuan in new loans last year, 7 percent more than the previous record in 2016, as authorities sought to support domestic activity even as they clamped down on risks in the financial system.

The latest data showed corporate and personal demand for credit remained relatively solid in April, auguring well for continued resilience in the world’s second-largest economy.

Corporate loans rose to 572.6 billion yuan in April from 565.3 billion yuan a month earlier, while household loans, mostly mortgages, fell to 528.4 billion yuan in April from 580 billion yuan in March, according to central bank data.

Household loans accounted for 44.8 percent of total new loans in April, versus 52 percent in March.

Broad M2 money supply — which is being closed watched by investors for signs of China’s intentions on credit growth — grew 8.3 percent in April from a year earlier. That missed forecasts for an expansion of 8.5 percent but was up marginally from 8.2 percent in March.

Outstanding yuan loans grew 12.7 percent from a year earlier, in line with expectations and easing slightly from March.

Chinese banks’ loan books have also grown in recent months as regulators require them to bring so-called “non-standard” assets onto their balance sheets to improve transparency. Those assets are often riskier products linked to shadow banking.

(SD-Agencies)

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