New Loans Expected to Reach 700 Billion Yuan in July

By China Finance Information
Published: 2010-08-03

New RMB loans issued by China’s four largest commercial banks, reached 243 billion yuan in July, 78 billion yuan more than the amount issued in June. The new loans issued by the four state-owned banks accounted for 27.3% of the total amount of new loans issued in June and analysts predict the percentage for July will be somewhere between 30 to 40% of the total in July, indicating the total amount of new loans issued in July is expected to amount to approximately 700 billion yuan.


Source
China Finance Information

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