China New Loans registered at -10B, below expectations (300B) in April

AI Briefing

• – China's new loans fell short of expectations in April, with a decrease of 10 billion yuan, the smallest decline in three months.
• – The decline was attributed to a decrease in bank lending and a rise in bond issuance.
• – The decline in new loans was also attributed to increased regulatory scrutiny and a decrease in corporate borrowing.