CHINA NOV BANK LOANS RISE LESS THAN EXPECTED, MORE EASING EXPECTED

New bank lending in China jumped less than expected in November, even as the central bank keeps policy accommodative to support a feeble recovery in the world's second-largest economy.

The People's Bank of China (PBOC) is expected to deliver more modest policy easing in the coming weeks, following a pledge this week by top leaders to step up policy adjustments to support the economic recovery in 2024. Chinese banks extended 1.09 trillion yuan ($151.73 billion) in new yuan loans in November, up from October's 738.4 billion yuan but missing analysts' expectations.

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