SHANGHAI: China’s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.

Domestic banks extended new loans of 809.6 billion yuan ($127.06 billion), down from a massive 1.48 trillion yuan in July, the People’s Bank of China said.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details