Credit data may reflect efforts to curb risk

Key credit figures released by the central bank on Tuesday reflect Beijing's intention to keep prudent monetary policy, with little likelihood of further easing, to better fend off financial risks, analysts said.

Total social financing, the central bank's indicator measuring credit and liquidity in the economy, registered a record high 3.74 trillion yuan ($544.8 billion) in January, up from 1.63 trillion yuan the previous month, data from the People's Bank of China showed on Tuesday.

Chinese banks issued 2.03 trillion yuan in new yuan loans in January, compared with 2.5 trillion yuan in the same period last year.