July loans top analyst forecasts

Authorities to balance financial risk control, real economy support

Domestic banks extended 1.45 trillion yuan ($210.8 billion) in new yuan loans in July, higher than analysts' expectations, as policymakers made progress in balancing the need to control financial risks and feed money to the real economy, according to the central bank on Monday.

New yuan loans in July increased by 623.7 billion yuan year-on-year, said the People's Bank of China in a statement posted on the official website.