China News Service, June 10, according to the central bank's website, the central bank released a financial statistics report for May 2020. The report shows that RMB loans increased by 1.48 trillion yuan in May, an increase of 298.4 billion yuan year-on-year.
Data map: A bank staff is counting the currency. China News Service reporter Zhang Yunshe
Broad money grew 11.1%, narrow money grew 6.8%
At the end of May, the balance of broad money (M2) was 210.02 trillion yuan, an increase of 11.1% year-on-year, and the growth rate was the same as the end of last month, which was 2.6 percentage points higher than the same period of the previous year; the balance of narrow currency (M1) was 58.11 trillion yuan, an increase of 6.8% year-on-year The growth rate was 1.3 and 3.4 percentage points higher than the end of last month and the same period of last year; the balance of currency in circulation (M0) was 7.97 trillion yuan, an increase of 9.5% year-on-year. The net cash withdrawal in the month was 177.8 billion yuan.
RMB loans increased by 1.48 trillion yuan in May, and foreign currency loans increased by 15.8 billion US dollars
At the end of May, the balance of local and foreign currency loans was 169.44 trillion yuan, an increase of 13% year-on-year. The balance of RMB loans at the end of the month was 163.39 trillion yuan, an increase of 13.2% year-on-year, and the growth rate was 0.1 percentage points higher than that at the end of last month, and 0.2 percentage points lower than the same period last year.
In May, RMB loans increased by 1.48 trillion yuan, an increase of 298.4 billion yuan year-on-year. In terms of different sectors, loans in the household sector increased by 704.3 billion yuan, of which, short-term loans increased by 238.1 billion yuan, medium and long-term loans increased by 466.2 billion yuan; corporate (institution) business unit loans increased by 845.9 billion yuan, of which short-term loans increased by 121.1 billion yuan. Medium and long-term loans increased by 530.5 billion yuan, bill financing increased by 158.6 billion yuan; loans from non-banking financial institutions decreased by 66 billion yuan.
At the end of May, the balance of foreign currency loans was 848.9 billion US dollars, an increase of 2.7% year-on-year. Foreign currency loans increased by US$15.8 billion in the month, an increase of US$9.6 billion year-on-year.
RMB deposits increased by 2.31 trillion yuan in May, and foreign currency deposits decreased by US$7.2 billion
At the end of May, the balance of local and foreign currency deposits was 209.9 trillion yuan, a year-on-year increase of 10.2%. At the end of the month, the balance of RMB deposits was 204.57 trillion yuan, an increase of 10.4% year-on-year, and the growth rate was 0.5 and 2 percentage points higher than that at the end of last month and the same period of last year.
RMB deposits increased by 2.31 trillion yuan in May, a year-on-year increase of 1.09 trillion yuan. Among them, household deposits increased by 481.9 billion yuan, non-financial enterprise deposits increased by 805.4 billion yuan, fiscal deposits increased by 1.31 trillion yuan, and non-banking financial institution deposits decreased by 673.6 billion yuan.
At the end of May, the balance of foreign currency deposits was US$747.3 billion, down 0.4% year-on-year. Foreign currency deposits decreased by US$7.2 billion in the month, a year-on-year decrease of US$9.9 billion.
The monthly weighted average interest rate for interbank lending in the inter-bank RMB market in May was 1.25%, and the monthly weighted average interest rate for pledged bond repurchase was 1.29%
In May, the inter-bank RMB market reached a total of 122.92 trillion yuan in terms of borrowing, cash and repurchase, with an average daily turnover of 6.47 trillion yuan, and an average daily turnover increased by 31.6% year-on-year. Among them, the average daily turnover of interbank lending increased by 8.7% year-on-year, the average daily turnover of spot bonds increased by 29.4% year-on-year, and the average daily turnover of pledged repo grew by 37.6% year-on-year.
The weighted average interest rate of interbank lending in May was 1.25%, 0.14 percentage points higher than the previous month, and 0.99 percentage point lower than the same period of the previous year; the weighted average interest rate of the pledged repo was 1.29%, 0.18 percentage point higher than the previous month, which was higher than the previous year The same period was 0.98 percentage points lower.
In May, RMB settlement business of cross-border trade was RMB 527.5 billion, and direct investment RMB settlement business was RMB 284.2 billion
In May, cross-border goods trade, service trade and other current items, foreign direct investment, and foreign direct investment settled in RMB occurred 370.7 billion yuan, 156.8 billion yuan, 79.4 billion yuan, and 204.8 billion yuan, respectively.