According to the data releases Saturday anyway ...
For December:
New yuan loans CNY 584.4bn yuan
- expected CNY 1000.0bn, prior 1120.0bn
Aggregate financing CNY 1140bn
- expected 1500.0bn CNY, prior 1600.0bn
M2 +8.2%
- expected +9.2% y/y, prior +9.1%
A sharp December slow down, China's bank lending halved in December (though at the end of a record year fro loan growth)
The government wants to reduce financial system risks
ANZ remarks on the data:
- We expect bank loans to increase significantly in January 2018 due to strong demand
- With deleveraging remaining a policy priority over the medium term, the seasonal slowing in credit will not result in monetary easing