Tracking data puts China’s new loans at minus 100 billion yuan in October
Key Facts
Trading Economics’ page recorded China’s new bank loans at minus 100 billion yuan in October 2026, compared with 1.08 trillion yuan in September, according to indicator data published on November 13. The page puts its October forecast at 20 billion yuan, alongside the recorded reading for the previous month. These figures could not be verified against a primary source or a source considered reliable under the required standard, so they cannot be presented as a confirmed reading of Chinese data. The indicator defines new yuan loans as accounting for more than four-fifths of total loans. Any reference to October figures remains tied to what the indicator page shows, rather than independent confirmation of the result or analysts’ forecast.
The recorded October reading follows a month that saw a surge in new lending: loans reached 1.08 trillion yuan in September, up from 60 billion yuan in August, but remained below the 1.29 trillion yuan recorded in September 2025. Total new loans in the first nine months of 2026 were about 11.52 trillion yuan, compared with 14.75 trillion yuan in the same period a year earlier. In September, the outstanding balance of yuan-denominated loans grew 4.8% year on year, a record low, after growth of 4.9% in August. Balance growth was in line with analysts’ forecast of 4.8%. Reuters says the central bank does not publish a monthly breakdown of loans, and that the September data calculation was based on the bank’s cumulative data for the first nine months compared with data for the first eight months.
Chinese authorities announced measures to support financing in September, including cutting the one-year rate on the pledged supplementary lending facility to 1.5% and increasing the relending quota for technological innovation by 200 billion yuan. The Associated Press reported that the total quota after the increase stood at 1.4 trillion yuan. This comes as China’s leadership targets economic growth of between 4.5% and 5% in 2026, according to the agency. In September data, growth in broad money supply slowed to 7.2% year on year from 7.5% in August. Growth in the outstanding balance of total social financing also eased to 7.1% from 7.2% in the previous month, Reuters reported.
China’s economic calendar is tracking the 70-city home-price report, scheduled for release on November 16, 2026, at 09:30 Beijing time, according to the China Snapshot calendar. The report is issued by China’s National Bureau of Statistics and covers the price index for sales of commercial housing. Its release date follows the circulating October loan figures, amid financing measures announced by the authorities in September. The report date remains the next specified development in the information available here. No confirmed dates for retail sales or the two loan prime rates are available among the facts provided.