(14 November 2012 – China) China’s central bank, the People’s Bank of China (PBOC) announced on Monday that total new RMB loans in October only reached RMB505.2 billion (A$78 billion).Barclays reported the low total on loans was due to weaker retail business loans as well as small bank deposit constraint.
The loan mix for October had significantly weaker retail business loans but stronger mid to long term corporate loans.
Medium to long-term loans and bonds increased – accounting for 42 percent of total financing. Meanwhile China’s big four banks’ new loan market share rose to 44 percent, the highest month this year.