China's Total Aggregate Financing for January-April Misses Expectations

MT Newswires Live05-15

China's total aggregate financing for the first four months of the year missed market consensus, according to Friday data published by the People's Bank of China.

The total aggregate financing was 15.5 trillion yuan between January and April, 893 billion yuan less than same period a year earlier. The market predicted a total aggregate financing of 16.1 trillion yuan.

Nomura's analysts said aggregate financing declined to 7.8% year on year from 7.9% in March due to lower renminbi-denominated loans and government bond issuances.

Meanwhile, the outstanding aggregate financing grew 7.8% year on year to 456.89 trillion yuan at the end of April.

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