People's Bank of China: the balance of broad money (M2) at the end of February was 223.6 trillion yuan, up 10.1% from a year earlier

I. broad money will grow by 10.1% and narrow money by 7.4%.

At the end of February, the balance of broad money (M2) was 223.6 trillion yuan, up 10.1 percent from the same period last year, and the growth rate was 0.7 and 1.3 percent higher than that at the end of last month and the same period last year, respectively. The balance of narrow money (M1) was 59.35 trillion yuan, up 7.4 percent from the same period last year, and the growth rate was 7.3 percentage points lower than at the end of last month and 2.6 percentage points higher than the same period last year. The balance of currency in circulation (M0) was 9.19 trillion yuan, an increase of 4.2% over the same period last year. The net cash put in that month was 229.9 billion yuan.

In February and February, RMB loans increased by 1.36 trillion yuan, and foreign currency loans increased by 2.7 billion US dollars.

At the end of February, the balance of local and foreign currency loans totaled 183.6 trillion yuan, up 12.6 percent from a year earlier. At the end of the month, the balance of RMB loans was 177.68 trillion yuan, an increase of 12.9% over the same period last year, and the growth rate was 0.2% and 0.8% higher than that at the end of last month and the same period last

RMB loans increased by 1.36 trillion yuan in February, an increase of 452.9 billion yuan over the same period last year. From a departmental point of view, household loans increased by 142.1 billion yuan, of which short-term loans decreased by 269.1 billion yuan, medium-and long-term loans increased by 411.3 billion yuan, enterprise (business) unit loans increased by 1.2 trillion yuan, of which short-term loans increased by 249.7 billion yuan, medium-and long-term loans increased by 1.1 trillion yuan, bill financing decreased by 185.5 billion yuan, and loans to non-banking financial institutions increased by 18 billion yuan.

At the end of February, the balance of foreign currency loans totaled US $914.9 billion, up 12.2% from a year earlier. In the month, foreign currency loans increased by US $2.7 billion, a year-on-year increase of US $17.3 billion.

RMB deposits increased by 1.15 trillion yuan in March and February, while foreign currency deposits increased by 22.4 billion US dollars.

At the end of February, the balance of local and foreign currency deposits was 223.52 trillion yuan, up 10.4% from the same period last year. At the end of the month, the balance of RMB deposits was 217.29 trillion yuan, up 10.4 percent from the same period last year, the same growth rate as at the end of last month and 2.3 percentage points higher than the same period last year.

RMB deposits increased by 1.15 trillion yuan in February, an increase of 129.4 billion yuan over the same period last year. Of this total, household deposits increased by 3.26 trillion yuan, non-financial enterprise deposits decreased by 2.42 trillion yuan, fiscal deposits decreased by 847.9 billion yuan, and deposits of non-banking financial institutions increased by 1.61 trillion yuan.

At the end of February, the balance of foreign currency deposits was 961.7 billion US dollars, up 22.1% from the same period last year. In the same month, foreign currency deposits increased by US $22.4 billion, an increase of US $18.1 billion over the same period last year.

The weighted average monthly interest rate of RMB interbank lending in April and February is 2.06%, and the monthly weighted average interest rate of pledged bond repurchase is 2.1%.

In February, the interbank RMB market traded a total of 71.71 trillion yuan in the form of lending, cash bonds and repurchase, with an average daily turnover of 4.22 trillion yuan, an increase of 24.4 percent over the same period last year. Among them, the average daily turnover of interbank lending increased by 25% over the same period last year, the average daily turnover of current coupons increased by 30.4% over the same period last year, and the average daily turnover of pledged repurchase increased by 23.4% over the same period last year.

The weighted average interest rate of interbank lending in February was 2.06%, 0.28% and 0.23% higher than that of the previous month and the same period last year, respectively, and the weighted average interest rate of pledge repo was 2.1%, 0.03% and 0.29% higher than that of the previous month and the same period last year, respectively.

In May and February, the RMB settlement business of cross-border trade was 466.7 billion yuan, and the RMB settlement business of direct investment was 246.3 billion yuan.

In February, cross-border trade in goods, trade in services and other current accounts, foreign direct investment and foreign direct investment settled in RMB totaled 359.9 billion yuan, 106.8 billion yuan, 56.6 billion yuan and 189.7 billion yuan respectively.