Related News
New yuan-denominated borrowing falls
China’s new yuan-denominated loans were 1.21 trillion yuan (US$170.9 billion) in August, 66.5 billion yuan less than the same period last year, according to central bank’s data yesterday.
M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.2 percent year on year to 193.55 trillion yuan at the end of August, according to the People’s Bank of China.
The M2 growth was 0.1 percentage points faster than the level at the end of July and kept unchanged with the level of the same period last year.
M1, the narrow measure of the money supply, which covers cash in circulation plus on-demand deposits, rose 3.4 percent year on year to 55.68 trillion yuan by the end of last month.
M0, the amount of cash in circulation, increased 4.8 percent year on year to 7.32 trillion yuan.
Newly added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 1.98 trillion yuan in August.
That was 37.6 billion yuan higher than the same period last year.
By the end of August, China’s total outstanding social financing rose 10.7 percent year on year to 216.01 trillion yuan.
Yesterday’s data also showed that new yuan-denominated deposits in China rose 1.8 trillion yuan in August, 714.7 billion yuan higher compared with a year earlier.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.