JPMorgan Econ FI-China Apr TSF a touch below expectation on soft CNY loans T...-115406686
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- picking up further to 8.7% on a favorable base effect.
- Loan growth moderated again to 7.2%, after the first pickup in two years to
- revise down our full-year TSF growth forecast to 8.3% (vs. 8.5% previously).
- in April 2024). The growth rate of outstanding TSF picked up further to 8.7%oya
- (vs. 8.4% in March), the highest since June 2024. New loan creation came in at
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