Chinese lending data now released 18 Oct
- M0 yy +6.6% vs +7.3% exp vs +7.4% prev
- M1 yy +24.7% vs +24.5% exp vs +25.3% prev
- total social financing yuan 1.72trln
- new yuan loans yuan 1.22trln vs 1 trln exp
- end-Sept yuan lending +13.0 vs a year ago vs 12.9% exp
- end-Sept outstanding total social financing yuan 151.51 trln
- end-Sept fx deposits $665.2bln vs $647.5bln end-Aug
Slightly weaker then expected headlines but better than previous . Not front page news enough to shake anything up imho.
New yuan loans at 3 month highs but jury out on whether the money is being invested or hoarded.
Eamonn had a preview patiently waiting here
