China Aug new loans at 703.9 bln yuan, beating f'casts
BEIJING, Sept 11 |
BEIJING, Sept 11 (Reuters) - Chinese banks extented 703.9 billion yuan ($111.07 billion) in new loans in August, the central bank said on Tuesday, overshooting market expectations of 600 billion yuan.
China's total social financing aggregate, a broad measure of liquidity in the economy, stood at 1.24 trillion yuan in August, the central bank said in a statement on its website.
It did not release August data for money supply or loan growth; those figures are expected to come sometime this week. ($1 = 6.3376 Chinese yuan) (Reporting by Langi Chiang and Kevin Yao; Editing by Jason Subler)
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