Home / Business / Finance

Weaker credit supply predicted

By Wei Tian | | Updated: 2013-08-29 16:22

Credit supply in August is set to weaken further as the de-leveraging process in the financial sector continues, economists said.

"Newly added credit in August may stand at 650 billion yuan ($106 billion), down from 699 billion yuan new loans recorded in July," said Lu Zhengwei, chief economist with Industrial Bank Co.

E Yongjian, a financial analyst with Bank of Communications, also predicted that new loans will decline in August.

"Second-half credit supply usually accounted for only 40 percent of the year's total, therefore a slowdown in the third quarter would be normal."

In the meantime, analysts said growth in non-bank loan financing would also decelerate.

"Trust loans and corporate bonds remained at low ebb, and that may also be the case for August," Lu said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349