AI Data Insight
In May 2026, new loans by Chinese financial institutions reached 520 billion RMB, pushing the cumulative value for the first five months to 9.11 trillion RMB. Although rebounding from the rare negative value of the previous month, it still fell short of market expectations. The credit structure showed a pattern of "strong corporate, weak household" and was highly dependent on bill financing, reflecting weak financing demand in the real economy and the current situation of continued household deleveraging.