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China's new yuan loans rise in November
Last Updated: 2019-12-10 20:06 | Xinhua
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China's new yuan-denominated loans hit 1.39 trillion yuan (197.44 billion U.S. dollars) in November, a year-on-year rise of 138.7 billion yuan, central bank data showed on Tuesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.2 percent year on year to 196.14 trillion yuan at the end of November.

The M2 growth was 0.2 percentage points lower than that at the end of October but was 0.2 percentage points higher than the same period last year.

The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 3.5 percent year on year to 56.25 trillion yuan by the end of November.

The M1 growth was 0.2 percentage points higher than that at the end of October. It was also 2 percentage points higher than the same period last year.

M0, the amount of cash in circulation, rose 4.8 percent year on year to 7.4 trillion yuan by the end of November.

The central bank injected 57.8 billion yuan of net cash into the market in November.

Newly added social financing, a measurement of funds that individuals and non-financial firms receive from the financial system, stood at 1.75 trillion yuan in November, up 150.5 billion yuan from the same period last year.

In the January-November period, total new social financing reached 21.23 trillion yuan, an increase of 3.43 trillion yuan from the same period last year.

By the end of November, total outstanding social financing rose 10.7 percent year on year to 221.28 trillion yuan. Of the total, outstanding RMB loans to the real economy were 150.5 trillion yuan, up 12.5 percent year on year.

Judging from the structure, the real economy has been receiving more loans. Outstanding RMB loans to the real economy accounted for 68 percent of outstanding social financing by the end of November, 1.1 percentage points higher than the same period last year.

New RMB deposits in China rose 1.31 trillion yuan in November, 357.1 billion yuan more than a year earlier.

By the end of November, total outstanding new RMB deposits stood at 192.28 trillion yuan, up 8.4 percent year on year. The growth was 0.2 percentage points higher than the previous month and 0.8 percentage points higher year on year.

In November, RMB settlement for cross-border trade amounted to 540.9 billion yuan and RMB settlement for direct investment stood at 211.8 billion yuan.

(Editor:富博)

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China's new yuan loans rise in November
Source:Xinhua | 2019-12-10 20:06
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