TSF growth holds steady in May, as loan growth continues to slow
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Credit growth held steady in May, led by an increase in government bond issuance.
Per data released by the central bank (PBoC) on Friday, outstanding total social financing (TSF) grew 8.7% y/y last month, unchanged from April.
Meanwhile, outstanding RMB loans grew 7.1% y/y, down from 7.2% in April ...