中国9月新增人民币贷款12200亿 远高于预期

China's central bank kept its lending on the rise in September, according to data on Tuesday. New loans hit 1.2 trillion yuan, higher than expectations. M2, a broad measure of money supply, expanded 11.5 percent from last year, slightly below forecasts but up from the previous month. Total social financing, or the measure for credit and liquidity, stood at 1.72 trillion yuan, higher than the 1.47 trillion of August.

On the foreign exchange market, Funds outstanding for foreign exchange dropped 338 billion yuan in September. The central bank said the fall is on the back of tourists traveling abroad during the National Day holiday, which is the first week of October, and supporting Chinese firms expanding overseas. Let's hear Ruan Jianhong, Statistics Department Director at China's central bank.

"In the first nine months, new loans for housing mortgage make up 35.7 percent of the total new loans. There's a reason for the high ratio. Since the beginning of this year, there has been a large quantity of government debt swap and haircut of non-performing loans. Loans to enterprises and overall loans actually decreased. If we took out the negative effects of the reduction, the ratio of housing loans would be lower than what results from the statistics. In recent weeks, some cities have issued policies to tighten the housing market. We need to observe the effects on housing loans," said Ruan Jianhong.