China September M2 money supply +8.4% vs +8.5% y/y expected

  • Latest Chinese credit data for September 2025 has been released
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  • Prior +8.8%
  • New yuan loans ¥1.29 trillion vs ¥1.47 trillion expected
  • Prior ¥590.0 billion

New bank loans picked back up in September but misses on estimates once again. As much as Beijing is trying its best to stimulate credit growth, weak private demand remains a big problem and that is something that they have to address via other means it would seem.

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