M2 Growth Faster Than Expected in Sept

Reuters: China Sept new loans rise to 1.38 trln yuan, above forecasts
Chinese banks extended 1.38 trillion yuan ($199.25 billion) in net new yuan loans in September, more than analysts had expected and up from the previous month.

Analysts polled by Reuters had predicted new yuan loans of 1.35 trillion yuan, up from 1.28 trillion yuan in August.

Broad M2 money supply grew 8.3 percent in September from a year earlier, central bank data showed on Wednesday. Analysts had expected M2 to rise 8.3 percent, compared with 8.2 percent for August.
CNBC: China total social financing rises to 2.21 trln yuan in September
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to 2.21 trillion yuan ($319.08 billion) in September from 1.52 trillion yuan in August, data from the central bank showed on Wednesday.
Looks like another statistical adjustment was made since the PBoC claims TSF stock rose 106 percent yoy, but the reported figure of 197.3 trillion is more than 13 percent higher than year-ago figures.

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