China Bank Lending Rises To CNY 1.39 Trillion In January

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Chinese banks extended CNY 1.39 trillion in new local-currency loans in January, up from CNY 379.80 billion in December, the People's Bank of China reported on Thursday.

Household loans were worth CNY 450.20 billion while non-financial companies and other sector loans amounted to CNY 941.50 billion.

A year ago, Chinese financial institutions issued a total of CNY 1.62 trillion in new local-currency loans.

Chinese banks extended CNY 1.39 trillion in new local-currency loans in January, up from CNY 379.80 billion in December, the People's Bank of China reported on Thursday. (Market News Provided by RTTNews)