China News Service, March 11. According to the central bank's website, the central bank released its financial statistics report for February 2020 on March 11. The report pointed out that at the end of February, the balance of domestic and foreign currency loans was 163.07 trillion yuan, a year-on-year increase of 11.7%. The balance of RMB loans at the end of the month was 157.36 trillion yuan, a year-on-year increase of 12.1%. The growth rate was the same as at the end of last month, and was 1.3 percentage points lower than the same period of the previous year. RMB loans in the first two months increased by 4.24 trillion yuan, an increase of 130.8 billion yuan year-on-year.
Data Map: People's Bank of China Headquarters. Photo by Zhang Hao from China News Agency
Broad money growth of 8.8%, narrow money growth of 4.8%
At the end of February, the balance of broad money (M2) was 203.08 trillion yuan, an increase of 8.8% year-on-year, and the growth rates were 0.4 and 0.8 percentage points higher than those at the end of the previous month and the same period of the previous year. The growth rate was 4.8% higher than that at the end of last month and the same period of the previous year. The balance of currency (M0) in circulation was 8.82 trillion yuan, a year-on-year increase of 10.9%. Net cash withdrawals for the month were 506.2 billion yuan.
RMB loans in the first two months increased by 4.24 trillion yuan, and foreign currency loans increased by 28.8 billion US dollars
At the end of February, the balance of domestic and foreign currency loans was 163.07 trillion yuan, a year-on-year increase of 11.7%. The balance of RMB loans at the end of the month was 157.36 trillion yuan, a year-on-year increase of 12.1%. The growth rate was the same as at the end of last month, and was 1.3 percentage points lower than the same period of the previous year.
RMB loans in the first two months increased by 4.24 trillion yuan, an increase of 130.8 billion yuan year-on-year. By sector, the household sector loans increased by 220.9 billion yuan, of which short-term loans decreased by 565.3 billion yuan, and medium and long-term loans increased by 786.2 billion yuan; corporate (industrial) unit loans increased by 3.99 trillion yuan, of which short-term loans increased by 1.42 trillion yuan RMB, medium and long-term loans increased by 2.08 trillion yuan, bill financing increased by 423.1 billion yuan; loans from non-banking financial institutions increased by 21.9 billion yuan.
RMB loans in February increased by 905.7 billion yuan, an increase of 19.9 billion yuan year-on-year. By sector, the household sector loans decreased by 413.3 billion yuan, of which short-term loans decreased by 450.4 billion yuan, and medium- and long-term loans increased by 37.1 billion yuan; corporate (industrial) unit loans increased by 1.13 trillion yuan, of which short-term loans increased by 654.9 billion yuan Medium- and long-term loans increased by 415.7 billion yuan, and bill financing increased by 63.4 billion yuan; loans from non-banking financial institutions increased by 187.6 billion yuan.
At the end of February, the balance of foreign currency loans was US $ 815.7 billion, a year-on-year decrease of 2.3%. Foreign currency loans in the first two months increased by 28.8 billion US dollars, a year-on-year decrease of 11.1 billion US dollars. In February, foreign currency loans increased by US $ 20 billion, an increase of US $ 17.6 billion year-on-year.
RMB deposits increased by 3.9 trillion yuan and foreign currency deposits increased by 29.9 billion US dollars in the first two months
At the end of February, the balance of domestic and foreign currency deposits was 202.35 trillion yuan, an increase of 8.1% year-on-year. The balance of RMB deposits at the end of the month was 196.83 trillion yuan, an increase of 8.1% year-on-year, and the growth rates were 0.2 and 0.5 percentage points lower than those at the end of last month and the same period of the previous year.
In the first two months, RMB deposits increased by 3.9 trillion yuan, a year-on-year increase of 677.9 billion yuan. Among them, household deposits increased by 4.12 trillion yuan, non-financial corporate deposits decreased by 1.33 trillion yuan, fiscal deposits increased by 421 billion yuan, and non-banking financial institution deposits increased by 1.06 trillion yuan.
RMB deposits increased by 1.02 trillion yuan in February, a year-on-year decrease of 284.5 billion yuan. Among them, household deposits decreased by 120 billion yuan, non-financial corporate deposits increased by 284 billion yuan, fiscal deposits increased by 20.8 billion yuan, and non-banking financial institution deposits increased by 492.4 billion yuan.
At the end of February, the balance of foreign currency deposits was US $ 777.7 billion, a year-on-year increase of 2.8%. Foreign currency deposits increased by 29.9 billion U.S. dollars in the first two months, a year-on-year decrease of 8.9 billion U.S. dollars. In February, foreign currency deposits increased by US $ 4.7 billion, a year-on-year decrease of US $ 14.9 billion.
The monthly weighted average interest rate for inter-bank RMB interbank lending in February was 1.83%, and the monthly weighted average interest rate for pledged bond repo was 1.81%
In February, the inter-bank RMB market used a total of 67.82 trillion yuan in borrowing, cash and repurchase, with an average daily turnover of 3.39 trillion yuan, a daily average decline of 22.1% year-on-year. Among them, the average daily transaction of inter-bank lending decreased by 47.8% year-on-year, the average daily transaction of current bonds decreased by 22.9% year-on-year, and the average daily transaction of pledged repo decreased by 16% year-on-year.
The weighted average interest rate for interbank lending in February was 1.83%, which was 0.16 and 0.37 percentage points lower than the previous month and the same period of the previous year; the weighted average interest rate for pledged repo was 1.81%, which was 0.27 lower than the previous month and the same period of the previous year. 0.43 percentage points.
In February, RMB 459.1 billion in cross-border trade RMB settlement business and RMB 199.7 billion in direct investment RMB settlement business
In February, cross-border trade in goods, trade in services and other current items, foreign direct investment, and foreign direct investment settled in RMB occurred in 335.6 billion yuan, 123.5 billion yuan, 64 billion yuan, and 125.7 billion yuan, respectively.