China January bank lending hits record high

China January bank lending hits record high on policy stimulus
New bank loans in China surged more than expected to a record high in January as the central bank moved to shore up a patchy economic recovery, reinforcing expectations for more stimulus in coming months as U.
China’s Record Month for Bank Loans Fails to Ignite Credit Cycle
China’s credit expansion picked up far more than expected in January from a year ago, even as a record jump in new bank loans failed to reverse an entrenched slowdown in demand for financing.
China’s central bank buys more gold as prices hit record
Bullion held by the People’s Bank of China rose by 0.16 million troy ounces last month, according to data released Friday. The central bank resumed adding gold reserves in November after a six-month halt that followed an 18-month buying spree.
China January new bank loans surge to 5.13 trillion yuan, beat expectations
Chinese banks extended 5.13 trillion yuan ($706.40 billion) in new yuan loans in January, up sharply from December, outpacing analysts' forecasts and hitting an all-time high, as the central bank looks to shore up a patchy recovery in the country's economy.
Chinese banks see record high new loans in January, central bank boosts economic recovery
In an effort to bolster a patchy economic recovery, new bank loans in China have soared beyond expectations to a record high in January. This move by the central bank strengthens expectations for additional stimulus in the coming months,
Hosted on MSN26d
China’s Economy Is Terrifying the Middle Class. They’re Sending Savings Abroad.
During Covid—when China’s draconian restrictions kept ... fly to Spain—where she lived in her 30s—to open a bank account for her savings, which she said is about $40,000.
Exclusive-Deutsche Bank talks on China JV end over disagreement on control, sources say
Talks between Deutsche Bank, its asset management arm DWS and Chinese lender Postal Savings Bank of China (PSBC) over a joint venture in China have collapsed after the German firm resisted Beijing's ...
Morningstar17d
Deutsche Bank and Postal Savings Bank of China End JV Talks, Reuters Says, Citing Sources
Talks over a joint venture in China between Deutsche Bank, its asset manager DWS and Postal Savings Bank of China have ended over disagreements over the control of the entity, Reuters ...
Business Insider8mon
China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or Gucci
China's savings rate was about 32% last year ... consumers prefer to sock their cash away in the bank rather than spend it, pushing the savings rate higher," McKinsey wrote in April.
Nasdaq1mon
Postal Savings Bank of China Announces 2025 EGM Schedule
all in one place with Analyst Top Stocks Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter Postal Savings Bank of China Co., Ltd. has scheduled its first ...