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China's Credit Jumps Most Since June on Surging Bond Sales

  • Bond sales surge as monetary easing lowers borrowing costs
  • New yuan loans slowed to 597.8 billion yuan, missing forecasts
Updated on

China’s broadest measure of new credit surged the most since June as companies increase borrowing on the corporate bond market, underscoring a shift away from reliance on state-backed banks for funding.

Aggregate financing rose to 1.82 trillion yuan ($276 billion) in December, according to a report from the People’s Bank of China on Friday, compared with the median forecast of 1.15 trillion yuan in a Bloomberg survey.