Total new yuan loans and social financing extended by Chinese commercial lenders dropped in April, after the authorities introduced tougher regulation over non-traditional financing channels.
According to data released by the central bank on Friday, new yuan loans fell to 792.9 billion yuan ($129 billion) last month, from 1.06 trillion yuan in March.
Total social financing including all loans, bond issuance and stock sales fell to 1.75 trillion yuan in April, from 2.54 trillion yuan the previous month, but they were still higher than the market forecast of 1.5 trillion yuan.
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Wang Xiaotian via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/ck2fG_CuVhA/
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