New Yuan Loans measures the total value of new local currency loans issued by Chinese banks to the non-financial sector during a specific month. It is a key indicator of credit expansion and economic momentum in China, as it reflects the availability of financing for businesses and households. This data is closely watched to gauge the effectiveness of the People's Bank of China's monetary policy.
The People's Bank of China (PBOC) aggregates lending data from all commercial and policy banks. The figure represents the gross amount of new loans minus repayments made during the reporting period.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 12, 2026 | — | 450.00 | — |
| Aug 14, 2026 | -340.00 | 45.00 | -385.00 |
| Jul 15, 2026 | 1610.00 | 2000.00 | -390.00 |
| Jun 12, 2026 | 520.00 | 550.00 | -30.00 |
| May 14, 2026 | -10.00 | 300.00 | -310.00 |
| Apr 13, 2026 | 2990.00 | 3400.00 | -410.00 |
| Mar 13, 2026 | 900.00 | 979.00 | -79.00 |
| Feb 14, 2026 | 4710.00 | 4800.00 | -90.00 |
| Jan 15, 2026 | 910.00 | 800.00 | +110.00 |
| Dec 12, 2025 | 390.00 | 450.00 | -60.00 |
| Nov 13, 2025 | 220.00 | 500.00 | -280.00 |
| Oct 15, 2025 | 1290.00 | 1472.00 | -182.00 |
| Sep 12, 2025 | 590.00 | 800.00 | -210.00 |
| Aug 14, 2025 | -50.00 | 300.00 | -350.00 |
| Aug 13, 2025 | -50.00 | 300.00 | -350.00 |
| Jul 14, 2025 | 2240.00 | 1800.00 | +440.00 |
| Jun 13, 2025 | 620.00 | 850.00 | -230.00 |
| May 14, 2025 | 280.00 | 700.00 | -420.00 |
| Apr 13, 2025 | 3640.00 | 3000.00 | +640.00 |
| Mar 14, 2025 | 1010.00 | 1275.00 | -265.00 |
| Feb 14, 2025 | 5130.00 | 800.00 | +4330.00 |
| Jan 14, 2025 | 990.00 | 850.00 | +140.00 |
| Dec 13, 2024 | 580.00 | 950.00 | -370.00 |
| Nov 11, 2024 | 500.00 | 700.00 | -200.00 |
| Oct 14, 2024 | 1590.00 | 1865.00 | -275.00 |
| Sep 13, 2024 | 900.00 | 1020.00 | -120.00 |
| Aug 13, 2024 | 260.00 | 450.00 | -190.00 |
| Jul 12, 2024 | 2130.00 | 2200.00 | -70.00 |
| Jun 14, 2024 | 950.00 | 1300.00 | -350.00 |
| May 11, 2024 | 730.00 | 1200.00 | -470.00 |
| Apr 12, 2024 | 3090.00 | 3560.00 | -470.00 |
| Mar 15, 2024 | 1450.00 | 1500.00 | -50.00 |
| Feb 9, 2024 | 4920.00 | 4500.00 | +420.00 |
| Jan 12, 2024 | 1170.00 | 1400.00 | -230.00 |
| Dec 13, 2023 | 1090.00 | 1300.00 | -210.00 |
| Nov 13, 2023 | 738.40 | 665.00 | +73.40 |
| Oct 13, 2023 | 2310.00 | 2500.00 | -190.00 |
| Sep 9, 2023 | 1360.00 | 1200.00 | +160.00 |
| Aug 11, 2023 | 345.90 | 800.00 | -454.10 |
| Jul 11, 2023 | 3050.00 | 2337.00 | +713.00 |
| Jun 13, 2023 | 1360.00 | 1600.00 | -240.00 |
| May 11, 2023 | 718.80 | 1402.50 | -683.70 |
| Apr 11, 2023 | 3890.00 | 3235.00 | +655.00 |
| Mar 10, 2023 | 1810.00 | 1500.00 | +310.00 |
| Feb 10, 2023 | 4900.00 | 4000.00 | +900.00 |
| Jan 10, 2023 | 1400.00 | 1100.00 | +300.00 |
| Dec 12, 2022 | 1210.00 | 1350.00 | -140.00 |
| Nov 10, 2022 | 615.20 | 800.00 | -184.80 |
| Oct 11, 2022 | 2470.00 | 1800.00 | +670.00 |
| Sep 9, 2022 | 1250.00 | 1480.00 | -230.00 |
| Aug 12, 2022 | 679.00 | 1100.00 | -421.00 |
