According to data released by the central bank, China's M2 money supply in June was 8.5 per cent year-on-year and expected 8.6 per cent, compared with a previous value of 8.5 per cent. China's M1 money supply in June was 4.4 per cent year-on-year and is expected to be 3.5 per cent.
China's social financing increased by 2.26 trillion yuan in June, expected to be 1.9 trillion yuan, compared with a previous value of 1.4 trillion yuan. According to preliminary statistics, the cumulative increase in the scale of social financing in the first half of the year was 13.23 trillion yuan, 3.18 trillion yuan more than the same period last year. Of this total, RMB loans to the real economy increased by 10.02 trillion yuan, an increase of 1.26 trillion yuan over the same period last year.
At the end of June, the stock of social financing was 213.26 trillion yuan, an increase of 10.9 per cent over the same period last year. Among them, the balance of RMB loans issued to the real economy was 144.71 trillion yuan, an increase of 13.2 percent over the same period last year, accounting for 67.9 percent of the stock of social financing in the same period, 1.4 percentage points higher than the same period last year.
In the first half of the year, RMB loans increased by 9.67 trillion yuan and RMB deposits by 10.05 trillion yuan; the monthly weighted average interest rate for interbank lending in June was 1.7%; at the end of June, the balance of the country's foreign exchange reserves was US $3.12 trillion.
Ruan Jianhong, director of the central bank's administrative department, said that at present, liquidity is reasonable and abundant, and market interest rates are running smoothly.
In the process of updating.
