(Corrects the reported day to Monday)
China's banks extended 60 billion yuan in new yuan loans in August, according to data from the People's Bank of China (PBOC) released on Monday.
While the figure was far below the consensus forecast of 480 billion yuan tracked by Investing.com, it still recovered from the 340 billion yuan record decline in July.
At the end of August, the outstanding balance of new yuan loans stood at 282.35 trillion yuan, up 4.9% from a year earlier.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.