Central bank: China's money supply M2 increased by 8.1% in April compared with the same period last year, and loans increased by 1.47 trillion yuan.

Yuan loans rose by 1.47 trillion yuan in April to an estimated 1.6 trillion yuan, compared with a previous value of 2.73 trillion yuan, according to central bank data.

From a departmental point of view, household loans increased by 528.3 billion yuan, of which short-term loans increased by 36.5 billion yuan, medium-and long-term loans increased by 491.8 billion yuan, enterprise (business) unit loans increased by 755.2 billion yuan, of which short-term loans decreased by 214.7 billion yuan, medium-and long-term loans increased by 660.5 billion yuan, bill financing increased by 271.1 billion yuan, and loans to non-banking financial institutions increased by 153.2 billion yuan.

Specifically:

I. broad money will grow by 8.1% and narrow money by 6.2%.

At the end of April, the balance of broad money (M2) was 226.21 trillion yuan, an increase of 8.1% over the same period last year, and the growth rate was 1.3% and 3% lower than that at the end of last month and the same period last year, respectively. The balance of narrow money (M1) was 60.54 trillion yuan, up 6.2% from the same period last year, and the growth rate was 0.9% lower than at the end of last month and 0.7% higher than the same period last year. The balance of currency in circulation (M0) was 8.58 trillion yuan, an increase of 5.3% over the same period last year. The net cash withdrawal in that month was 74 billion yuan.

In February and April, RMB loans increased by 1.47 trillion yuan, and foreign currency loans increased by 6.6 billion US dollars.

At the end of April, the balance of local and foreign currency loans totaled 187.85 trillion yuan, up 12 percent from a year earlier. At the end of the month, the balance of RMB loans was 181.88 trillion yuan, an increase of 12.3% over the same period last year, and the growth rate was 0.3% and 0.8% lower than that at the end of last month and the same period last

RMB loans increased by 1.47 trillion yuan in April, 229.3 billion yuan less than the same period last year and 452.5 billion yuan more than the same period in 2019. From a departmental point of view, household loans increased by 528.3 billion yuan, of which short-term loans increased by 36.5 billion yuan, medium-and long-term loans increased by 491.8 billion yuan, enterprise (business) unit loans increased by 755.2 billion yuan, of which short-term loans decreased by 214.7 billion yuan, medium-and long-term loans increased by 660.5 billion yuan, bill financing increased by 271.1 billion yuan, and loans to non-banking financial institutions increased by 153.2 billion yuan.

At the end of April, the balance of foreign currency loans was 923.2 billion US dollars, up 10.8 per cent from a year earlier. In the month, foreign currency loans increased by US $6.6 billion, a year-on-year increase of US $14.1 billion.

In March and April, RMB deposits decreased by 725.2 billion yuan, while foreign currency deposits increased by 47.8 billion US dollars.

At the end of April, the balance of local and foreign currency deposits was 226.69 trillion yuan, up 9.2% from the same period last year. At the end of the month, the balance of RMB deposits was 220.2 trillion yuan, an increase of 8.9% over the same period last year, and the growth rate was 1 percentage point lower than that at the end of last month and the

RMB deposits fell by 725.2 billion yuan in April, an increase of 2 trillion yuan from a year earlier. Of this total, household deposits decreased by 1.57 trillion yuan, non-financial enterprise deposits decreased by 355.6 billion yuan, fiscal deposits increased by 577.7 billion yuan, and deposits of non-banking financial institutions increased by 526.8 billion yuan.

At the end of April, the balance of foreign currency deposits was 1 trillion US dollars, up 33.2% from the same period last year. In the same month, foreign currency deposits increased by US $47.8 billion, an increase of US $58.8 billion over the same period last year.

In April, the weighted average monthly interest rate of RMB interbank lending in the interbank market was 2.01%, and the monthly weighted average interest rate of pledged bond repurchase was 1.96%.

In April, the interbank RMB market totaled 112.61 trillion yuan in loans, notes and buybacks, with an average daily turnover of 5.12 trillion yuan, down 24 percent from the same period last year. Among them, the average daily turnover of interbank lending decreased by 46.7% compared with the same period last year, the average daily turnover of existing bonds dropped by 32.8% compared with the same period last year, and the average daily turnover of pledged repurchase dropped by 17.3% compared with the same period last year.

The weighted average interest rate of interbank lending in April was 2.01%, the same as the previous month and 0.9 percentage points higher than the same period last year; the weighted average interest rate of pledge repo was 1.96%, 0.05 percentage points lower than the previous month and 0.85 percentage points higher than the same period last year.

In May and April, the RMB settlement business of cross-border trade was 577.9 billion yuan, and the RMB settlement business of direct investment was 422.5 billion yuan.

In April, cross-border trade in goods, trade in services and other current accounts, foreign direct investment and foreign direct investment settled in RMB totaled 434.5 billion yuan, 143.4 billion yuan, 115.9 billion yuan and 306.6 billion yuan respectively.