In July this year, the aggregate new loans of four Chinese state-owned banks, i.e., China Construction Bank, the Agriculture Bank of China, the Industrial and Commercial Bank of China and the Bank of China, are expected to total RMB 205.6 billion ($31.9 billion), up RMB 7.351 billion ($1.14 billion) from RMB 198.3 billion ($30.8 billion) in June, as estimated by Chinese securities companies. In addition, the total new loans of Chinese banks in July are expected to be in the range of RMB 550-650 billion ($85-101 billion).
The new loans target for 2011 set by China's central bank is in the range of RMB 7-7.5 trillion ($1-1.2 trillion).