Chinese aggregate financing, the broadest measure of credit in the world’s second-biggest economy, was 2.58 trillion yuans ($430 billion) last month, the People’s Bank of China said in a Feb. 15 statement. The data, while suggesting China can limit the scale of a slowdown, contrast with a central bank call last month for lenders to control surging loans and highlight diminishing economic returns from credit growth.
South Korea’s Kospi index increased 0.3 percent. Australia’s S&P/ASX 200 Index gained 0.5 percent. Taiwan’s Taiex index and New Zealand’s NZX 50 Index both added 0.1 percent. Singapore’s Straits Times Index climbed 1 percent. Hong Kong’s Hang Seng Index advanced 1.1 percent, while China’s Shanghai Composite Index rose 0.9 percent.