A survey of 14 domestic and foreign institutions shows economists’ mean forecast for August 2026 new yuan loans at CNY 382 bln, CNY 208 bln below a year earlier but a clear improvement from July’s CNY -340 bln; the forecast range is CNY 10–600 bln. Respondents note August is seasonally a small lending month and most expect new lending will not exceed last year’s level. China International Capital Co. says tighter supervision of bill rediscounting has not pushed bill rates higher—rates stayed sub

A survey of 14 domestic and foreign institutions shows economists’ mean forecast for August 2026 new yuan loans at CNY 382 bln, CNY 208 bln below a year earlier but a clear improvement from July’s CNY -340 bln; the forecast range is CNY 10–600 bln. Respondents note August is seasonally a small lending month and most expect new lending will not exceed last year’s level. China International Capital Co. says tighter supervision of bill rediscounting has not pushed bill rates higher—rates stayed subdued and did not rise at month-end—signalling weak loan demand as banks press direct bill discounts to hit lending targets; CICC forecasts August new yuan loans of CNY 270 bln and expects credit to be weaker than a year earlier.