In September China’s banks extended more loans than expected

Almaty. October 16. Silkroadnews - In September China’s banks extended more loans than expected, the Nasdaq news portal reported.
“Chinese banks extended more loans than expected in September, buoyed by demand from home buyers and companies, even as the government tightened the screws to wean the economy off its years-long addiction to cheap debt,” the report said.
It is noted that the volume of household loans, mostly mortgages, rose to 734.9 billion yuan in September from 663.5 billion yuan in August. Last month, household loans accounted for 58% of total new loans, down from 61% in August.
The volume of short-term loans grew in the third quarter, increasing by 1.53 trillion yuan, almost three times higher than last year. The total amount of corporate loans in September was 463.5 billion yuan, compared to 483 billion yuan a month earlier.
It is reported that the total social financing, the creditworthiness and liquidity in the economy, rose to 1.82 trillion yuan in September from 1.48 trillion yuan in August.