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Financial statistics for the first half of 2020: M2 growth of 11.1% RMB loan increase of 12.09 trillion yuan
Jul 10,2020 16:12CST
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The content below was translated by Tencent automatically for reference.

SMM News: first, broad money increases by 11.1% and narrow money by 6.5%.

At the end of June, the balance of broad money (M2) was 213.49 trillion yuan, an increase of 11.1 percent over the same period last year, and the growth rate was the same as that at the end of last month, 2.6 percentage points higher than the same period last year. The balance of narrow money (M1) was 60.43 trillion yuan, up 6.5 percent from the same period last year, and the growth rate was 0.3 percentage points lower than that at the end of last month and 2.1 percentage points higher than the same period last year. The net cash input in the first half of the year was 227 billion yuan.

In the first half of the year, RMB loans increased by 12.09 trillion yuan, and foreign currency loans increased by 77.4 billion US dollars.

At the end of June, the balance of local and foreign currency loans totaled 171.32 trillion yuan, up 13 percent from a year earlier. The balance of RMB loans at the end of the month was 165.2 trillion yuan, up 13.2% from the same period last year, the same growth rate as at the end of last month and 0.2 percentage points higher than the same period last year.

RMB loans increased by 12.09 trillion yuan in the first half of the year, 2.42 trillion yuan more than the same period last year. From a departmental point of view, loans in the household sector increased by 3.56 trillion yuan, of which short-term loans increased by 755.2 billion yuan, medium-and long-term loans increased by 2.8 trillion yuan, and loans to enterprises (enterprises) increased by 8.77 trillion yuan, of which short-term loans increased by 2.82 trillion yuan. medium-and long-term loans increased by 4.86 trillion yuan, bill financing increased by 969.7 billion yuan, and loans from non-banking financial institutions decreased by 277.5 billion yuan. In June, RMB loans increased by 1.81 trillion yuan, an increase of 147.4 billion yuan over the same period last year.

At the end of June, the balance of foreign currency loans was 864.3 billion US dollars, up 5.6 per cent from a year earlier. Foreign currency loans increased by US $77.4 billion in the first half, an increase of US $53.6 billion over the same period last year. In June, foreign currency loans increased by US $15.4 billion, an increase of US $23.4 billion over the same period last year.

RMB deposits increased by 14.55 trillion yuan and foreign currency deposits increased by US $20.6 billion in the first half of the year.

At the end of June, the balance of local and foreign currency deposits was 212.99 trillion yuan, up 10.5% from the same period last year. At the end of the month, the balance of RMB deposits was 207.48 trillion yuan, an increase of 10.6% over the same period last year, which was 0.2% and 2.2% higher than that at the end of last month and the same period last year.

RMB deposits increased by 14.55 trillion yuan in the first half of the year, 4.5 trillion yuan more than the same period last year. Of this total, household deposits increased by 8.33 trillion yuan, non-financial enterprise deposits increased by 5.28 trillion yuan, fiscal deposits increased by 438.4 billion yuan, and deposits of non-banking financial institutions decreased by 744.6 billion yuan. In June, RMB deposits increased by 2.9 trillion yuan, an increase of 637.1 billion yuan over the same period last year.

At the end of June, foreign currency deposits stood at US $778.4 billion, up 2.4 per cent from a year earlier. In the first half of the year, foreign currency deposits increased by US $20.6 billion, a decrease of US $11.9 billion over the same period In June, foreign currency deposits increased by US $31.1 billion, an increase of US $21.2 billion over the same period last year.

The weighted average monthly interest rate of RMB interbank lending in April and June was 1.85%, and the monthly weighted average interest rate of pledged bond repurchase was 1.89%.

In the first half of the year, the interbank RMB market totaled 669.11 trillion yuan in loans, cash notes and repurchase, with an average daily turnover of 5.53 trillion yuan, an increase of 16.7 percent over the same period last year. Among them, the average daily turnover of interbank lending decreased by 5.2% compared with the same period last year, the average daily turnover of existing bonds increased by 26.7% compared with the same period last year, and the average daily turnover of pledged repurchase increased by 19.3% compared with the same period last year.

The weighted average interest rate of interbank lending in June was 1.85%, 0.6% and 0.15% higher than that of the previous month and the same period last year, respectively, and the weighted average interest rate of pledge repo was 1.89%, 0.6% and 0.15% higher than that of the previous month and the same period last year, respectively.

The balance of the country's foreign exchange reserves is 3.11 trillion US dollars.

At the end of June, the balance of the country's foreign exchange reserves was 3.11 trillion US dollars. At the end of June, the RMB exchange rate was 7.0795 yuan to the dollar.

In the first half of the year, RMB settlement business for cross-border trade was 3.08 trillion yuan, and direct investment RMB settlement business was 1.72 trillion yuan.

In the first half of the year, cross-border trade in goods, trade in services and other current accounts, foreign direct investment and foreign direct investment settled in RMB totaled 2.19 trillion yuan, 890 billion yuan, 510 billion yuan and 1.21 trillion yuan respectively.

Note 1: the data for the current period are preliminary.

Note 2: since 2015, RMB, foreign currency and local and foreign currency deposits include funds deposited by non-banking financial institutions, and RMB, foreign currency and local and foreign currency loans include funds lent to non-banking financial institutions.

Note 3: the enterprise (business) unit loans in the report refer to non-financial enterprises and institutional group loans.

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