China’s Big Four Banks Issue CNY 219.2 Bn New Loans in Aug

Source: People’s Bank of China, ChinaScope Financial (Data)

+       According to data released by the People’s Bank of China (PBOC) on September 18, in August, approximately CNY 219.2 billion in new loans was offered by China’s four major state-owned banks: Industrial and Commercial Bank of China (1398: HKG: 601398: SHA), Agricultural Bank of China (1288: HKG; 601288: SHA), Bank of China (3988: HKG; 601988: SHA), and China Construction Bank (0939: HKG; 601939: SHA). The figure was lower than CNY 237.2 billion in new loans offered in July.

+       In August, new short-term loans issued by China’s big four banks were CNY 39.89 billion, accounting for 18.91 percent of the total; new mid- and long-term loans were CNY 127.1 billion, 58 percent of the total.

+       By the end of August, total deposits in the four major banks were CNY 40.92 trillion, increasing slightly by CNY 57.47 billion month-on-month, a turnaround from a month-on-month decrease of CNY 909.4 billion in July.

The share of loans and deposits held by the big four banks continued to decrease in August. Although the government is encouraging long-term loans, it will take some time for a maturity composition change to materialize.

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Jan 19 - China’s Social Financing in 2011 Was 12.83 Trillion

Source: Ministry of Industry and Information Technology, ChinaScope Financial (Data)

+    Data from People’s Bank of China (PBOC) on January 18 shows that China’s social financing in 2011 was at CNY 12.83 trillion, CNY 1.11 trillion less than that of 2010.

+    In 2011, 58.3% of total social financing was contributed by bank loans denominated in CNY, 1.6 percentage points higher than that of 56.7% in 2010, while 4.5% was contributed by foreign currency loans, 1 percentage point higher than that of 3.5% in 2010.

+    Related Companies: China Telecom (HKEX: 0728) , China Mobile (HKEX: 0941), China Unicom (Hong Kong) (HKEX: 0762) 

+    Related Data: Social Financing Scale, RMB Loans

Undiscounted bank acceptance bills: the largest decrease compared with last year.

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Other News Headlines

• China’s Social Financing in 2011 Was 12.83 Trillion
• China’s FDI Decreased 12.73% YoY in December 2011
• Home Prices in 70% Large and Medium Cities Fell MoM in Dec.
• China’s Reduced Treasury Holdings by USD 1.5 Billion in Nov.

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