Quarterly bank loan approval index in China Q2 2018-Q2 2023
The Chinese loan approval index in the second quarter of 2023 had a value of 55.6 percent. Since the index value was over 50 percent in the previous two quarters, the heads of Chinese banking institutions estimated on average that the approval of bank loans was going to increase in the next quarter. Especially the demand for loans from small and micro-sized companies was expected to increase.