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Add to Favorites China's new loans in April are expected to reach 800-900bln yuan, showing a sign of speeding up, the country's Securities Daily quoted analysts as saying.
April has seen an acceleration in mortgage as China's banks introduced favorable interest rates, the article said.
China will continue with a loose monetary policy and the money supply is expected to increase at a moderate rate with new loans at about 900bln yuan, said China International Capital Corp(CICC), the country's leading investment banking and research services company, in a recent report.
China Securities Co analyst Wang Yang pointed out new loans above 1000bln yuan in March doesn't indicate a loose monetary policy.
He estimated new loans to reach 800bln yuan in April and 2400bln in the second quarter.