New yuan-denominated lending in China in November dropped to 564 billion yuan from 587.7 billion yuan in October, the People's Bank of China (PBOC), China's central bank, said Friday.

The new lending was 269.2 billion yuan more than the lending in November last year.

The new lending brought total lending in the first 11 months to 7.45 trillion yuan - just shy of the government's 7.5-trillion-yuan full-year target.