Money Supply Up in May Due to Big 4 Stick Save

Update: The wrong TSF data was included for the charts before; now corrected.

M2 increased 1.14 percent mtm, down from 2.08 percent a year ago. The three month rolling growth ticked up to 10.8 percent.

Reuters: China May new yuan loans beat forecasts but money supply growth slows

New loans were 985.5 billion yuan, above 750 billion forecast. Credit Suisse: May Loans Surged in Final Week

Corporate bonds decreased by 39.7 billion yuan. Related to that: China Bond Defaults Exceed All of 2015, 57 pc of AAA Bonds Are Junk
Even more related: Defaults May Finally Have Changed Sentiment

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