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Month 1.47 trillion of new loans to a 5.5-year high

On February 13, the Central Bank released data showing January RMB loans increased by 1.47 trillion yuan, compared with an increase of 289.9 billion yuan, the ring is turned 1 time, additional 772.7 billion yuan, the highest since June 2009, a single-month high.
January surge in new lending, Central Bank full capacity in early release, further highlights the Central Bank's loose credit policies. After 360 is expected in the first quarter is the peak of the lending, but because of the Chinese new year holiday factors, February new credit will be a callback, but prospective reduction effect will emerge after the lunar new year in early February, March new credit will surge again and, hopefully, more than January.
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