Aggregate financing, the broadest measure of credit supply that include bond issuance, initial public offering and off-balance sheet lending, jumped to 2.86 trillion yuan (US$425 billion) last month. Photo: AP
China issues record new loans in the first quarter of 2019 as Beijing battles slowing economy amid trade war
- Chinese banks issued a record US$865 billion of new loans in the first quarter of 2019
- In March, banks issued US$251 billion in loans, the second highest behind only March 2009
Aggregate financing, the broadest measure of credit supply that include bond issuance, initial public offering and off-balance sheet lending, jumped to 2.86 trillion yuan (US$425 billion) last month. Photo: AP
