China's four major banks issued new loans of 233 billion yuan ($37.98 billion) by May 21, 21st Century Business Herald reported Wednesday, citing industry sources, adding that total loans for the month could reach 900 billion yuan.

Total loans issued by China's top four banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank, accounted for 31 percent of total lending in April, the paper said.

Chinese banks made 792.9 billion yuan of new loans in April, while money supply jumped as the central bank kept policy accommodative to support the economy.

The lending figure, issued by the People's Bank of China Friday, was a shade lower than the median forecast of 800 billion yuan, which compared to March's 1.06 trillion yuan.