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People's Bank of China: the balance of broad money (M2) at the end of September was 216.41 trillion yuan, up 10.9 percent from a year earlier

iconOct 14, 2020 16:42
Source:Central bank

SMM News: first, broad money grew by 10.9% and narrow money by 8.1%.

At the end of September, the balance of broad money (M2) was 216.41 trillion yuan, an increase of 10.9 percent over the same period last year, and the growth rate was 0.5 and 2.5 percent higher than that at the end of last month and the same period last year, respectively; the balance of narrow money (M1) was 60.23 trillion yuan, up 8.1 percent from the same period last year, and the growth rate was 0.1 and 4.7 percent higher than that at the end of last month and the same period last year respectively. The balance of currency in circulation (M0) was 8.24 trillion yuan, an increase of 11.1% over the same period last year. The net cash input in the first three quarters was 518.1 billion yuan.

2. in the first three quarters, RMB loans increased by 16.26 trillion yuan, and foreign currency loans increased by 112.5 billion US dollars.

At the end of September, the balance of local and foreign currency loans totaled 175.49 trillion yuan, up 12.8 percent from a year earlier. At the end of the month, the balance of RMB loans was 169.37 trillion yuan, up 13% from the same period last year, the same growth rate as at the end of last month and 0.5 percentage points higher than the same period last year.

RMB loans increased by 16.26 trillion yuan in the first three quarters, an increase of 2.63 trillion yuan over the same period last year. From a departmental point of view, loans in the household sector increased by 6.12 trillion yuan, of which short-term loans increased by 1.53 trillion yuan, medium-and long-term loans increased by 4.6 trillion yuan, and loans to enterprises (enterprises) increased by 10.56 trillion yuan, of which short-term loans increased by 2.71 trillion yuan. medium-and long-term loans increased by 7.25 trillion yuan, bill financing increased by 436.8 billion yuan, and loans from non-banking financial institutions decreased by 472 billion yuan. In September, RMB loans increased by 1.9 trillion yuan, an increase of 204.7 billion yuan over the same period last year.

At the end of September, the balance of foreign currency loans totaled US $899.4 billion, up 12.5% from a year earlier. Foreign currency loans increased by US $112.5 billion in the first three quarters, an increase of US $107.6 billion over the same period last year. Foreign currency loans fell by $3.4 billion in September, down $1.8 billion from a year earlier.

RMB deposits increased by 18.15 trillion yuan and foreign currency deposits increased by US $90.9 billion in the first three quarters

At the end of September, the balance of local and foreign currency deposits was 216.86 trillion yuan, up 10.7% from the same period last year. At the end of the month, the balance of RMB deposits was 211.08 trillion yuan, an increase of 10.7% over the same period last year, which was 0.4% and 2.4% higher than that at the end of last month and the same period last year.

RMB deposits increased by 18.15 trillion yuan in the first three quarters, an increase of 4.93 trillion yuan over the same period last year. Of this total, household deposits increased by 9.95 trillion yuan, non-financial enterprise deposits increased by 5.49 trillion yuan, financial deposits increased by 627.8 billion yuan, and deposits of non-banking financial institutions increased by 476.5 billion yuan. In September, RMB deposits increased by 1.58 trillion yuan, an increase of 863.3 billion yuan over the same period last year.

At the end of September, foreign currency deposits stood at US $848.7 billion, up 15.9 per cent from a year earlier. Foreign currency deposits increased by US $90.9 billion in the first three quarters, an increase of US $86.2 billion over the same period last year. In September, foreign currency deposits increased by US $29.2 billion, an increase of US $27.9 billion over the same period last year.

The weighted average monthly interest rate of RMB interbank lending in April and September is 1.8%, and the monthly weighted average interest rate of pledged bond repurchase is 1.93%.

In the first three quarters, the interbank RMB market traded a total of 1041.68 trillion yuan in the form of lending, cash bonds and repurchase, with an average daily turnover of 5.54 trillion yuan, an increase of 17.5 percent over the same period last year. Among them, the average daily turnover of interbank lending decreased by 2.7% compared with the same period last year, the average daily turnover of existing bonds increased by 25.4% compared with the same period last year, and the average daily turnover of pledged repurchase increased by 19.8% compared with the same period last year.

The weighted average interest rate of interbank lending in September was 1.8%, 0.24% and 0.75% lower than that of the previous month and the same period last year, respectively, and the weighted average interest rate of pledge repo was 1.93%, 0.13% and 0.63% lower than that of the previous month and the same period last year, respectively.

The balance of the country's foreign exchange reserves is 3.14 trillion US dollars.

At the end of September, the balance of the country's foreign exchange reserves was 3.14 trillion US dollars. At the end of September, the RMB exchange rate was 6.8101 yuan to the dollar.

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.

M2
broad money

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