Sharp decline in new-yuan lending

PBOC wants to see an increase in loans to the most vunerable sectors

BEIJING - China's new-yuan lending fell sharply in July to 492.6 billion yuan ($77 billion), the lowest level for seven months, because of the nation's monetary tightening measures, but analysts said the policies will be fine-tuned in light of the current global uncertainty.

The People's Bank of China, the central bank, also said in a report on Friday that while policies would remain "prudent", there should be a targeted increase of lending in sectors such as agriculture and affordable housing.