皇冠体育app

皇冠体育app's big four banks extended 70 billion yuan ($11 billion) worth of yuan-denominated loans in the first half of August, up from 50 billion yuan in the same period of July, the Shanghai Securities Daily reported on Monday.

The big four banks are: Industrial and Commercial Bank of 皇冠体育app, 皇冠体育app Construction Bank, Agricultural Bank of 皇冠体育app and Bank of 皇冠体育app.

However, the new loan issuance does not represent the wide situation of the sector, industry experts said.

Dragged by the slowing economy, Chinese companies' credit demand has been weak throughout the year.

In July, banks in 皇冠体育app extended 540.1 billion yuan of local-currency new loans, the lowest figure since October, and much lower than the 700 billion yuan estimated inside the industry.

New loan issuance in August is expected to reach 600 billion yuan, the Shanghai Securities Daily reported.