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China's outstanding yuan loans to real economy up 14 pct by Sep.

Xinhua, October 27, 2015 Adjust font size:

China's outstanding yuan-denominated loans in the real economy posted 14 percent year-on-year growth in September.

The figure accumulated to 90.5 trillion yuan (14.2 trillion U.S. dollars), data from the central bank showed on Tuesday.

The outstanding total social financing accumulated to 135 trillion yuan during the first three months, up 12.5 percent year on year, according to a statement of the People's Bank of China (PBOC).

Outstanding social financing, a broad measure of money supply, refers to all money borrowed from financial institutions by individuals and non-financial enterprises, together with total funds raised from the capital market.

Earlier PBOC data showed the total new yuan-denominated lending reached 9.9 trillion yuan in the first nine months, up 2.34 trillion yuan from the same period last year.

In September alone, new loans rose 144 billion yuan to 1.05 trillion yuan.

HSBC analyst Qu Hongbin attributed the rise to recovery in home sales and strong infrastructure investment. Endi