Central bank: 1.18 trillion yuan M2 in new renminbi loans in May, up 8.5 per cent from a year earlier-Shanghai Metals Market

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Central bank: 1.18 trillion yuan M2 in new renminbi loans in May, up 8.5 per cent from a year earlier

Translation 04:08:45PM Jun 12, 2019 Source:Central bank

SMM News: 1. Broad money grew by 8.5%, and narrow money grew by 3.4%.

At the end of May, the balance of broad money (M2) was 189.12 trillion yuan, an increase of 8.5 percent over the same period last year, an increase of 0.2 percentage points over the same period last year. The balance of narrow money (M1) was 54.44 trillion yuan, an increase of 3.4 percent over the same period last year. The growth rate was 0.5 percentage points higher than at the end of last month and 2.6 percentage points lower than the same period last year. The balance of money in circulation (M0) was 7.28 trillion yuan, an increase of 4.3 percent over the same period last year. The net withdrawal of cash in the month was 116.7 billion yuan.

In February and May, RMB loans increased by 1.18 trillion yuan, and foreign currency loans increased by US $6.2 billion.

At the end of May, the balance of local and foreign currency loans was 150.01 trillion yuan, an increase of 12.9 percent over the same period last year. The balance of RMB loans at the end of the month was 144.31 trillion yuan, up 13.4 percent from the same period last year, 0.1 percentage points lower than at the end of last month and 0.8 percentage points higher than the same period last year.

RMB loans increased by 1.18 trillion yuan in May, an increase of 31.3 billion yuan over the same period last year. In terms of sub-departments, household sector loans increased by 662.5 billion yuan, of which short-term loans increased by 194.8 billion yuan, medium-and long-term loans increased by 467.7 billion yuan, and loans from non-financial enterprises and government organizations increased by 522.4 billion yuan, of which short-term loans increased by 120.9 billion yuan, medium-and long-term loans increased by 252.4 billion yuan, and bill financing increased by 113.2 billion yuan. Loans from non-banking financial institutions increased by 5.8 billion yuan.

At the end of May, the balance of foreign currency loans was US $826.6 billion, down 5 per cent from a year earlier. Foreign currency loans increased by US $6.2 billion in the same month, an increase of US $10.7 billion over the same period last year.

In March and May, RMB deposits increased by 1.22 trillion yuan, while foreign currency deposits decreased by US $17.1 billion.

At the end of May, the balance of local and foreign currency deposits was 190.48 trillion yuan, an increase of 8.1 per cent over the same period last year. The balance of RMB deposits at the end of the month was 185.3 trillion yuan, an increase of 8.4 percent over the same period last year, 0.1 and 0.5 percentage points lower than at the end of last month and the same period last year, respectively.

RMB deposits rose by 1.22 trillion yuan in May, an increase of 87.1 billion yuan from a year earlier. Of this total, household deposits increased by 241.7 billion yuan, deposits by non-financial enterprises by 118.1 billion yuan, financial deposits by 484.9 billion yuan, and deposits by non-banking financial institutions by 40.9 billion yuan.

At the end of May, the balance of foreign currency deposits was US $750.1 billion, down 6.4 per cent from a year earlier. Foreign currency deposits fell by US $17.1 billion in the month, an increase of US $3.5 billion over the same period last year.

In April and May, the monthly weighted average interest rate for interbank renminbi market lending was 2.24%, and the monthly weighted average interest rate for pledged bond repurchase was 2.27%.

In May, the interbank RMB market handled a total of 103.25 trillion yuan in the form of loans, cash coupons and repo, with an average daily transaction of 4.92 trillion yuan, an increase of 33.1 per cent over the same period last year. Among them, the average daily transaction of interbank lending increased by 33.4% compared with the same period last year, the daily average transaction of current bonds increased by 67.4%, and the daily average transaction of pledged repo increased by 27.1% compared with the same period last year.

The weighted average interest rate for interbank lending in May was 2.24%, 0.19% and 0.48% lower than that of the previous month and the same period last year, respectively, while the weighted average rate of pledged repo was 2.27%, 0.19% and 0.55% lower than that of the previous month and the same period last year, respectively.

5. RMB settlement business for cross-border trade occurred at 502.11 billion yuan in that month, and RMB settlement business for direct investment occurred at 206.79 billion yuan.

In May, cross-border trade in goods, trade in services and other current accounts, foreign direct investment and foreign direct investment settled in RMB totaled 377.61 billion yuan, 124.5 billion yuan, 64.58 billion yuan and 142.21 billion yuan respectively.

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Key Words:  New  RMB  loans  M2 

Central bank: 1.18 trillion yuan M2 in new renminbi loans in May, up 8.5 per cent from a year earlier

Translation 04:08:45PM Jun 12, 2019 Source:Central bank

SMM News: 1. Broad money grew by 8.5%, and narrow money grew by 3.4%.

At the end of May, the balance of broad money (M2) was 189.12 trillion yuan, an increase of 8.5 percent over the same period last year, an increase of 0.2 percentage points over the same period last year. The balance of narrow money (M1) was 54.44 trillion yuan, an increase of 3.4 percent over the same period last year. The growth rate was 0.5 percentage points higher than at the end of last month and 2.6 percentage points lower than the same period last year. The balance of money in circulation (M0) was 7.28 trillion yuan, an increase of 4.3 percent over the same period last year. The net withdrawal of cash in the month was 116.7 billion yuan.

In February and May, RMB loans increased by 1.18 trillion yuan, and foreign currency loans increased by US $6.2 billion.

At the end of May, the balance of local and foreign currency loans was 150.01 trillion yuan, an increase of 12.9 percent over the same period last year. The balance of RMB loans at the end of the month was 144.31 trillion yuan, up 13.4 percent from the same period last year, 0.1 percentage points lower than at the end of last month and 0.8 percentage points higher than the same period last year.

RMB loans increased by 1.18 trillion yuan in May, an increase of 31.3 billion yuan over the same period last year. In terms of sub-departments, household sector loans increased by 662.5 billion yuan, of which short-term loans increased by 194.8 billion yuan, medium-and long-term loans increased by 467.7 billion yuan, and loans from non-financial enterprises and government organizations increased by 522.4 billion yuan, of which short-term loans increased by 120.9 billion yuan, medium-and long-term loans increased by 252.4 billion yuan, and bill financing increased by 113.2 billion yuan. Loans from non-banking financial institutions increased by 5.8 billion yuan.

At the end of May, the balance of foreign currency loans was US $826.6 billion, down 5 per cent from a year earlier. Foreign currency loans increased by US $6.2 billion in the same month, an increase of US $10.7 billion over the same period last year.

In March and May, RMB deposits increased by 1.22 trillion yuan, while foreign currency deposits decreased by US $17.1 billion.

At the end of May, the balance of local and foreign currency deposits was 190.48 trillion yuan, an increase of 8.1 per cent over the same period last year. The balance of RMB deposits at the end of the month was 185.3 trillion yuan, an increase of 8.4 percent over the same period last year, 0.1 and 0.5 percentage points lower than at the end of last month and the same period last year, respectively.

RMB deposits rose by 1.22 trillion yuan in May, an increase of 87.1 billion yuan from a year earlier. Of this total, household deposits increased by 241.7 billion yuan, deposits by non-financial enterprises by 118.1 billion yuan, financial deposits by 484.9 billion yuan, and deposits by non-banking financial institutions by 40.9 billion yuan.

At the end of May, the balance of foreign currency deposits was US $750.1 billion, down 6.4 per cent from a year earlier. Foreign currency deposits fell by US $17.1 billion in the month, an increase of US $3.5 billion over the same period last year.

In April and May, the monthly weighted average interest rate for interbank renminbi market lending was 2.24%, and the monthly weighted average interest rate for pledged bond repurchase was 2.27%.

In May, the interbank RMB market handled a total of 103.25 trillion yuan in the form of loans, cash coupons and repo, with an average daily transaction of 4.92 trillion yuan, an increase of 33.1 per cent over the same period last year. Among them, the average daily transaction of interbank lending increased by 33.4% compared with the same period last year, the daily average transaction of current bonds increased by 67.4%, and the daily average transaction of pledged repo increased by 27.1% compared with the same period last year.

The weighted average interest rate for interbank lending in May was 2.24%, 0.19% and 0.48% lower than that of the previous month and the same period last year, respectively, while the weighted average rate of pledged repo was 2.27%, 0.19% and 0.55% lower than that of the previous month and the same period last year, respectively.

5. RMB settlement business for cross-border trade occurred at 502.11 billion yuan in that month, and RMB settlement business for direct investment occurred at 206.79 billion yuan.

In May, cross-border trade in goods, trade in services and other current accounts, foreign direct investment and foreign direct investment settled in RMB totaled 377.61 billion yuan, 124.5 billion yuan, 64.58 billion yuan and 142.21 billion yuan respectively.

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  New  RMB  loans  M2