New loans may reach 1t yuan in June
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E-mail Chinadaily.com.cn, June 22, 2012
During the first 15 days of June, new bank loans from China's four State-owned banksamounted to 25 billion yuan, and analysts expect the number to reach 900 billion to 1 trillionyuan by the end of the month, China Securities Journal cited sources as saying on Thursday.
Insiders said that commercial banks' loans generally surge at the end of the month.
According to the report, at the beginning of June, the China Banking Regulatory Commissionrequired commercial banks to increase credit supply, in particular their bank loan support of theconstruction of railways, highways, and other infrastructure facilities.
Data shows that 682 billion yuan in new bank loans were issued in April and the number rapidlyincreased to 793.2 billion yuan in May.
The demand for credit from an increasing number of major projects awaiting approval will leadto a gradual release of loans in June and July, and the growth of the credit is expected to slowlyrebound, industry sources said.
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