China new yuan loans were 60 billion yuan in August as outstanding growth hit 4.9 percent
Reuters said China new yuan loans were 60 billion yuan in August, back in positive territory after a 340 billion yuan contraction in July. Household loans shrank by 202.9 billion yuan. Xinhua said January-August new yuan loans were 10.44 trillion yuan and that end-August outstanding yuan loans were 282.35 trillion yuan, up 4.9 percent. Reuters' 60 billion yuan August flow is not a separate line in the Xinhua bulletin.
Economics & Markets··Morning
The August flow is 60 billion yuan
Reuters said new yuan loans were 60 billion yuan in August. Lending returned to positive territory after a 340 billion yuan contraction in July and compared with 590 billion yuan a year earlier. Household loans, including mortgages, shrank by 202.9 billion yuan. Corporate loans rose by 260 billion yuan. New loans totalled 10.44 trillion yuan in January-August, down from 13.46 trillion yuan a year earlier. Broad M2 expanded 7.5 percent and outstanding total social financing 7.2 percent.[1]
Xinhua's stock: 282.35 trillion, up 4.9 percent
Xinhua dated its bulletin 14 September 2026 at 17:17 and sourced it to the PBOC WeChat account. End-August outstanding yuan loans were 282.35 trillion yuan, up 4.9 percent; foreign-currency and yuan loans together 286.15 trillion, up 4.8 percent. January-August new yuan loans were 10.44 trillion yuan: household loans fell 1.03 trillion, of which short-term fell 1.05 trillion and medium-and-long-term rose 18.8 billion; enterprise loans rose 11.26 trillion. Aggregate financing stock was 464.8 trillion yuan, up 7.2 percent. M2 rose 7.5 percent to 356.81 trillion yuan.[2]
The 60 billion yuan print is not a Xinhua line
The Xinhua bulletin does not isolate a single August new-loan print. Reuters' 60 billion yuan August flow is a separate calculation from the same PBOC drop. The two accounts overlap on the 10.44 trillion yuan January-August total and on 4.9 percent stock growth. Household contraction sits in both readings.[1], [2]
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