New Loans represents the total value of new local currency (CNY) loans issued by Chinese financial institutions to the non-financial sector during a specific month. This indicator is a key gauge of credit expansion and monetary policy effectiveness in China. It provides insights into the level of support the banking system is providing to businesses and households.
The People's Bank of China (PBOC) aggregates data from all domestic financial institutions, summing the total amount of new credit extended minus repayments during the month.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 14, 2026 | -340.00 | -50.00 | -290.00 |
| Jul 15, 2026 | 1610.00 | 1950.00 | -340.00 |
| Jun 12, 2026 | 520.00 | 450.00 | +70.00 |
| May 14, 2026 | -10.00 | 320.00 | -330.00 |
| Apr 13, 2026 | 2990.00 | 3465.00 | -475.00 |
| Mar 13, 2026 | 900.00 | 865.00 | +35.00 |
| Jan 15, 2026 | 910.00 | 820.00 | +90.00 |
| Dec 12, 2025 | 390.00 | — | — |
| Nov 13, 2025 | 220.00 | 460.00 | -240.00 |
| Sep 12, 2025 | 590.00 | 700.00 | -110.00 |
| Aug 13, 2025 | -50.00 | 305.00 | -355.00 |
| Jun 13, 2025 | 620.00 | 890.00 | -270.00 |
| May 14, 2025 | 280.00 | 710.00 | -430.00 |
| Jan 14, 2025 | 990.00 | 890.00 | +100.00 |
| Dec 13, 2024 | 580.00 | 950.00 | -370.00 |
| Sep 13, 2024 | 900.00 | 810.00 | +90.00 |
| May 11, 2024 | 730.00 | — | — |
