Central bank: RMB loans increased by 7.67 trillion yuan in the first quarter, foreign currency loans increased by 49.5 billion US dollars.

I. broad money will grow by 9.4% and narrow money by 7.1%.

At the end of March, the balance of broad money (M2) was 227.65 trillion yuan, an increase of 9.4 percent over the same period last year, and the growth rate was 0.7 percentage points lower than that at the end of last month and the same period last year. The balance of narrow money (M1) was 61.61 trillion yuan, an increase of 7.1 percent over 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 that of the same period last year. The net cash investment in the first quarter was 222.9 billion yuan.

In the second quarter, RMB loans increased by 7.67 trillion yuan, and foreign currency loans increased by 49.5 billion US dollars.

At the end of March, the balance of local and foreign currency loans was 186.44 trillion yuan, up 12.3% from the same period last year. At the end of the month, the balance of RMB loans was 180.41 trillion yuan, an increase of 12.6% over the same period last year, and the growth rate was 0.3% and 0.1% lower than that at the end of last month and the same period last

RMB loans increased by 7.67 trillion yuan in the first quarter, an increase of 574.1 billion yuan over the same period last year. From a departmental point of view, household loans increased by 2.56 trillion yuan, of which short-term loans increased by 582.9 billion yuan, medium-and long-term loans increased by 1.98 trillion yuan, enterprise (business) unit loans increased by 5.35 trillion yuan, of which short-term loans increased by 1.2 trillion yuan, medium-and long-term loans increased by 4.47 trillion yuan, bill financing decreased by 478.5 billion yuan, and loans to non-banking financial institutions decreased by 208.2 billion yuan. In March, RMB loans increased by 2.73 trillion yuan, a year-on-year increase of 103.9 billion yuan.

At the end of March, the balance of foreign currency loans was 916.7 billion US dollars, up 12.8 per cent from a year earlier. Foreign currency loans increased by US $49.5 billion in the first quarter, an increase of US $24 billion over the same period last year. In March, foreign currency loans increased by US $1.8 billion, an increase of US $5.1 billion over the same period last year.

RMB deposits increased by 8.35 trillion yuan and foreign currency deposits increased by 67.5 billion US dollars in the first quarter.

At the end of March, the balance of local and foreign currency deposits was 227.21 trillion yuan, up 10.1% from the same period last year. At the end of the month, the balance of RMB deposits was 220.92 trillion yuan, an increase of 9.9 percent over the same period last year, 0.5 percentage points lower than at the end of last month and 0.6 percentage points higher than the same period last year.

RMB deposits increased by 8.35 trillion yuan in the first quarter, an increase of 284.4 billion yuan over the same period last year. Of this total, household deposits increased by 6.68 trillion yuan, non-financial enterprise deposits increased by 257.4 billion yuan, fiscal deposits decreased by 163.3 billion yuan, and deposits of non-banking financial institutions increased by 1.17 trillion yuan. In March, RMB deposits increased by 3.63 trillion yuan, a year-on-year increase of 469.6 billion yuan.

At the end of March, foreign currency deposits stood at US $956.8 billion, up 25 per cent from a year earlier. Foreign currency deposits increased by US $67.5 billion in the first quarter, an increase of US $59.9 billion over the same period last year. Foreign currency deposits fell by $4.9 billion in March, down $17.2 billion from a year earlier.

The weighted average monthly interest rate of RMB interbank lending in April and March is 2.01%, and the monthly weighted average interest rate of pledged bond repurchase is 2.01%.

In the first quarter, the interbank RMB market traded a total of 298.41 trillion yuan in the form of lending, cash bonds and repurchase, with an average daily turnover of 4.97 trillion yuan, an increase of 3.5 percent over the same period last year. Among them, the average daily turnover of interbank lending decreased by 11.6% compared with the same period last year, the average daily turnover of existing bonds decreased by 7.1% compared with the same period last year, and the average daily turnover of pledged repurchase increased by 8.8% compared with the same period last year.

The weighted average interest rate of interbank lending in March was 2.01%, 0.05 percentage points lower than the previous month and 0.61 percentage points higher than the same period last year, while the weighted average interest rate of pledge repo was 2.01%, 0.09 percentage points lower than the previous month and 0.57 percentage points higher than the same period last year.

The balance of the country's foreign exchange reserves is 3.17 trillion US dollars.

At the end of March, the balance of the country's foreign exchange reserves was 3.17 trillion US dollars. At the end of March, the RMB exchange rate was 6.5713 yuan to the dollar.

In the first quarter, the RMB settlement business of cross-border trade was 1.7 trillion yuan, and the RMB settlement business of direct investment was 1.17 trillion yuan.

In the first quarter, cross-border trade in goods, trade in services and other current accounts, foreign direct investment and foreign direct investment settled in RMB totaled 1.29 trillion yuan, 410 billion yuan, 320 billion yuan and 850 billion 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.