China's new yuan-denominated loans stood at 1.69 trillion yuan (about 251.41 billion U.S. dollars) in March 2019, up 577.7 billion yuan year on year, central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.6 percent year on year to 188.94 trillion yuan at the end of March, according to the People's Bank of China.