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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. ....
In a Reuters poll of 35 market participants conducted last week, 19 or 54.3% had expected the central bank to cut the MLF rate to help shore up the weak economy. ....
ALBAWABA – The central bank of China will provide funding to heavily indebted local governments as needed, as well as the debt-laden property sector ....