BEIJING, Jan. 18 -- The People's Bank of China said Friday that the country's new RMB-denominated loans increased to RMB 379.8 billion in December from RMB 294.8 billion in November.
Last year, Chinese banks extended a total of RMB 9.59 trillion in new loans, RMB 4.69 trillion more than in 2008, said the PBOC in a statement published on its website.
At the end of December, the country's outstanding RMB loans were RMB 39.97 trillion, up 31.74% from a year ago.
The nation's outstanding RMB deposits had grown 28.21% year on year to RMB 59.77 trillion at the end of last year.
The PBOC also said China's M2, a broad measure of its money supply, was RMB 60.62 trillion at the end of December, up 27.68% compared with a year ago.
M1, which includes deposits in withdrawal-on-demand accounts and cash in circulation, rose 32.35% year on year to RMB 22 trillion in December. The growth was 2.28 percentage points less than in November.