Chinese banks likely issued five trillion yuan in new loans during January

New bank loans in China likely jumped to 5 trillion yuan in January. Steady policies supported credit demand as Beijing works to boost domestic consumption.

Insights:
A Reuters poll released on February 9, 2026, indicates that Chinese CNCN banks likely issued approximately 5 trillion yuan in net new yuan loans during January. This substantial figure follows a much lower lending volume of 910 billion yuan recorded in December and sits just below the 5.13 trillion yuan issued in January 2025. The scale of this lending is considered significant as it sets the tone for credit growth in 2026 and provides an early look at the year's financial trajectory in China CNCN.
Chinese yuan banknotes are seen in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration
Chinese yuan banknotes are seen in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration
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