Xinhua News AgencyDecember 11, 2013 12:47
SHANGHAI, Dec. 11 (Xinhua) -- China's whole year new RMB lending is likely to reach 9 trillion yuan (1.5 trillion U.S. dollars), while total social financing (TSF) may exceed 17 trillion yuan, UBS said in a note on Wednesday.
"No credit tightening yet," wrote Wang Tao, chief China economist at UBS.
China's new RMB lending and total social financing in November both beat market expectations. New TSF stood at 1.23 trillion, 370 billion more than in October. UBS expected outstanding TSF to grow 18.5 percent in 2013.