中国银行9月新增贷款超出预期，较疲弱的8月大幅反弹，因政策制定者加大了对放缓经济的有针对性的货币支持力度。
New bank lending in China rose more than expected in September, rebounding sharply from a weak August as policymakers stepped up targeted monetary support for the slowing economy.
根据中国人民银行（PBOC）周三公布的数据，路透社计算显示，中国银行9月新增贷款达1.08万亿元人民币（1613.7亿美元），超出预期，较8月的600亿元人民币大幅上升。
Chinese banks extended 1.08 trillion yuan ($161.37 billion) in new loans in September, beating expectations and rising sharply from August's 60 billion yuan, according to Reuters calculations based on data from the People's Bank of China (PBOC) on Wednesday.
路透社调查的分析师此前预计9月新增人民币贷款将达9750亿元，而去年同期为1.29万亿元。中国贷款机构通常会在季末加速信贷发放，以实现内部目标。
Analysts polled by Reuters had expected September new yuan loans would reach 975 billion yuan, compared with 1.29 trillion yuan a year earlier. Chinese lenders typically accelerate credit issuance toward quarter-end to meet internal targets.
央行不提供月度明细。路透社基于该行的1月至9月数据计算了9月份的数字，并与1月至8月的数据进行了比较。
The central bank does not provide monthly breakdowns. Reuters calculated the September figures based on the bank's January-September data, compared with the January-August figure.
贷款回升表明北京最新的刺激政策可能开始见效，但整体信贷增长疲弱表明家庭和企业需求仍然低迷。
The pickup in lending suggests Beijing's latest stimulus push may be gaining traction, but weak overall credit growth points to still-sluggish demand from households and businesses.
投资者目前正关注第三季度GDP数据，以寻找经济是否开始企稳的迹象——该经济正受房地产下滑和消费者信心不足的拖累。
Investors are now looking to third-quarter GDP data for signs that the economy, weighed down by the property slump and weak consumer confidence, is beginning to stabilise.
人民币贷款余额同比增长4.8%，创历史新低，且低于8月的4.9%，而分析师此前预期亦为4.8%。
Outstanding yuan loans rose 4.8% from a year earlier, a record low, and down from 4.9% in August, against analysts' expectations of 4.8%.
今年前九个月，中国银行新发放贷款合计11.52万亿元人民币，低于去年同期的14.75万亿元。
New loans issued by Chinese banks totalled 11.52 trillion yuan in the first nine months of this year, down from 14.75 trillion yuan in the same period last year.
9月下旬，政府推出了一系列刺激增长的措施，包括有针对性的降息和按揭补贴。惠誉评级表示，该政策组合应能适度改善信贷传导，但不太可能显著提升整体信贷需求或改变房地产行业的疲软趋势。
In late September, the government unveiled measures to spur growth, including targeted rate cuts and mortgage subsidies. Fitch Ratings said the policy package should modestly improve credit transmission, but it is unlikely to materially lift broader credit demand or alter the property sector's weak trajectory.
政策制定者承诺加大政策支持力度，以帮助实现4.5%至5%的年度目标。由于投资疲软和家庭消费不振掩盖了制造业和出口的强劲表现，第二季度GDP增长放缓至三年半以来的最低水平。中国将于10月19日公布第三季度GDP数据。
Policymakers have pledged to step up policy support to help meet an annual target of 4.5% to 5%. GDP growth slowed in the second quarter to a 3-1/2-year low, as weak investment and household consumption overshadowed strength in manufacturing and exports. China is set to release third-quarter GDP data on October 19.
根据央行数据，9月广义货币供应量（M2）同比增长7.2%，为18个月来的最低水平，低于路透社调查中分析师预测的7.4%。8月M2增长7.5%。狭义货币供应量（M1）同比增长3.2%，而8月为4.1%。
Broad M2 money supply in September expanded 7.2% from a year earlier, according to the central bank data, an 18-month low, and below analysts' forecast of 7.4% in a Reuters poll. M2 expanded 7.5% in August. The narrower M1 money supply grew 3.2% year-on-year, compared with 4.1% in August.
社会融资规模存量——一种衡量信贷和流动性的广义指标——9月同比增长7.1%，低于8月的7.2%。政府债券发行的任何加速都可能提升该融资规模。
Outstanding total social financing — a broad measure of credit and liquidity — rose 7.1% in September from a year earlier, down from 7.2% in August. Any acceleration in government bond issuance could boost such financing.