At the end of April, the balance of broad money (M2) was 280.85 trillion yuan, a year-on-year increase of 12.4%. The growth rate was 0.3 percentage point lower than at the end of the previous month and 1.9 percentage points higher than at the same period of the previous year. The balance of narrow money (M1) was 66.98 trillion yuan, a year-on-year increase of 5.3%, and the growth rate was 0.2 percentage point higher than at the end of last month and the same period of last year. The balance of money in circulation (M0) was 10.59 trillion yuan, a year-on-year increase of 10.7%. The PBOC injected a net liquidity of 313 million yuan in April.
China’s newly added social financing stood at 1.22 trillion yuan in April, up 272.9 billion yuan YoY. Among them, RMB loans issued to the real economy increased by 443.1 billion yuan, an increase of 72.9 billion yuan year-on-year; foreign currency loans issued to the real economy decreased by 31.9 billion yuan, a year-on-year decrease of 44.1 billion yuan; entrusted loans increased by 8.3 billion yuan, an increase of 8.5 billion yuan; trust loans increased by 11.9 billion yuan, an increase of 73.4 billion yuan year-on-year; undiscounted bank acceptances decreased by 134.7 billion yuan, a year-on-year decrease of 121 billion yuan; corporate bond net financing was 284.3 billion yuan, a year-on-year decrease of 80.9 billion yuan; the net financing of government bonds was 454.8 billion yuan, a year-on-year increase of 63.6 billion yuan; the domestic stock financing of non-financial enterprises was 99.3 billion yuan, a year-on-year decrease of 17.3 billion yuan.
