China's bank loans as a share of all financing in the economy may have fallen to a record low, giving evidence of an increasing use of alternative financing channels and giving rise to concerns about increasing credit risks.

The amount of new yuan loans probably dropped by 14 percent last month from a year earlier, according to the median projection calculated in a Bloomberg News survey of 37 analysts.

If the projections prove true, that would mean bank lending held a 55 percent share of aggregate financing in 2012, according to UBS AG estimates.

China Daily - Agencies