China's banks extended 520 billion yuan in new yuan loans in May, according to data from the People's Bank of China (PBOC) released on Friday.

The monthly credit expansion beat the consensus forecast of 550 billion yuan tracked by Investing.com, and recovered from the 10 billion yuan drop in new loans recorded in April.

For the first five months of 2026, new yuan loans in China totaled 9.11 trillion yuan, boosted by higher loans to enterprises and institutions.