Chinese bank shares are still enthusiastically boosted by the notable creation of new credit

Chinese banks have made significant gains this morning, or are still enthusiastically rumoured to be buoyed by new credit forecasts; Citic Bank (00998-HK) a half-a-6% lead, the ICBC (01398-HK) and Bank of China (03988-HK) also rose 5.05% and 5.71%, Construction Bank (　　00939-HK) and China Merchants Bank (03968-HK) rose more than 2%, and Bank of Communications (03328-HK) also rose nearly 1%. According to domestic media quotes quoted in the market, China's new credit in May will reach 660 billion yuan (the same as the same as the same as the same), higher than the April 591.8 billion yuan; the currency is still the strongest driving force for China's economy to continue to do well. Five of the state-owned commercial banks continue to maintain a high growth situation, while the long-term loans and the proportion of the total has been further improved, mainly due to the pull of the month's infrastructure projects.