PBOC: New RMB Loans at RMB8.59T in 4M26, vs Forecast RMB8.9T
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The People's Bank of China reported that new RMB loans reached RMB8.59 trillion in the first four months of 2026, slightly below the forecast of RMB8.9 trillion. Household loans fell by RMB490.2 billion, while corporate loans rose by RMB8.99 trillion. By the end of April, foreign currency loans totaled USD551.5 billion, marking a 3.4% year-on-year increase, with an additional USD6.5 billion in foreign currency loans issued during the period.
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