中国-央行四季度调查：贷款需求回落，但消费意愿略升、就业信心改善China_ PBOC Q4 Surveys_ Lower loan demand, but slightly more willingness to consume and better employment sentiment

27 January 2026 | 11:08PM HKT Economics Research China: PBOC Q4 Surveys: Lower loan demand, but slightly more willingness to consume and better employment sentiment Bottom line: PBOC released its Q4 surveys of bank loan officers, enterprises, and urban depositors on January 23. The latest data paint a mixed picture, with weakening credit demand and household price expectations but a marginal improvement in employment sentiment. PBOC's bank survey suggests loan demand fell in Q4, especially among large enter ...