Analysts polled by Reuters had expected new yuan loans to fall to 800 billion yuan in October from 2.47 trillion yuan in the previous month, compared with 826.2 billion yuan a year earlier.
Central bank data on Thursday showed the broad M2 money supply rose 11.8% year-on-year, below analyst expectations of 12.0% in a Reuters poll. M2 he grew 12.1% year-on-year in September.
Outstanding RMB loans grew 11.1% y/y in Oct, up from 11.2% in Sep. Analysts had expected him to grow by 11.2%.
($1 = 7.2496 Chinese Yuan)
(Reporting by Kevin Yao and Ella Cao, Editing by Tomasz Janowski)