As China makes strides to invigorate economic growth, its aggregate financing reached 6.5 trillion yuan in January – a year-on-year increase of more than half a trillion.
Banks extended 4.92 trillion yuan ($683.7 billion) in new yuan loans in January, hitting a record high, up sharply from December and beating analysts' expectations, data from the People's Bank of China (PBOC) showed on Friday.
Policymakers are determined to reverse a coronavirus-induced economic slump, but analysts say both lenders and potential borrowers remain wary of further disruptions.