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China's January yuan loans seen at record high, central bank to cool credit growth in 2021: Reuters poll


China s January yuan loans seen at record high, central bank to cool credit growth in 2021: Reuters poll
Reuters
2/8/2021
© Reuters/Thomas White
Illustration photo of a China yuan note
BEIJING (Reuters) - China s new bank loans are expected to surge to a record high in January on a seasonal boost, a Reuters poll showed, while credit growth may be constrained by some marginal tightening of monetary policy as the central bank focuses on preventing risks.
Chinese banks tend to front-load loans at the beginning of the year to get higher-quality customers and win market share.
Chinese banks are estimated to have issued 3.5 trillion yuan ($542.06 billion) in net new yuan loans last month, up from 1.26 trillion yuan in December, according to the median estimate in a Reuters survey of 27 economists. ....

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