China added RMB624.6 billion in new RMB loans in November, an increase of RMB118.5 billion from October and RMB102.6 billion from the same period last year.
New total social financing in November stood at RMB1.23 trillion, rebounded greatly from RMB856 billion in Oct.
In November, total outstanding RMB loans reached RMB7.141 trillion, up 14.2% year-on-year. The number is largely unchanged from last month.
China’s M2 reached RMB10.79 trillion in November, up 14.2% year-on-year.
(Correction: A previous version said that total outstanding RMB loans in November were 1.5% lower than a year ago.)