Morgan Stanley-China Financials June data More evidence of a shift away f...-109194456
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- 《Morgan Stanley-China Financials June data More evidence of a shift away f...-109194456.pdf》
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- 战略规划行业研究员
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- Headline TSF growth moderated to 8.1% in June with more rational loan
- expected – new household and corporate loans declined 41% and 29% yoy,
- respectively. Notably, YTD new short-term household loans declined 79% yoy, likely
- 31% yoy, amid a new norm in property sales and reduced window guidance on
- loan declined 39%, or Rmb623bn, yoy, from a high base last year. We believe the
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