China Oct new loans at 505.2 bln yuan, below f'cast

BEIJING Sun Nov 11, 2012 9:04pm EST

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BEIJING Nov 12 (Reuters) - Chinese banks extended 505.2 billion yuan ($81.5 billion) of new local currency loans in October, the central bank said on Monday, missing market expectations of 600 billion yuan.

China's total social financing aggregate, a broad measure of liquidity in the economy, stood at 1.29 trillion yuan in October, down from 1.65 trillion yuan in September, the People's Bank of China said in a statement on its website, (Reporting By Beijing Economics Team; Editing by Nick Edwards)