China News Service, April 10th-The central bank released the financial statistics report for the first quarter of 2020 on the official website on the 10th. Statistics show that RMB loans increased by 7.1 trillion yuan in the first quarter, and foreign currency loans increased by 25.5 billion US dollars.
Broad money growth 10.1%, narrow money growth 5%
At the end of March, the balance of broad money (M2) was 208.09 trillion yuan, an increase of 10.1% year-on-year, and the growth rate was 1.3 and 1.5 percentage points higher than the end of last month and the same period of the previous year; the balance of narrow money (M1) was 57.51 trillion yuan, a year-on-year increase 5%, the growth rate is 0.2 and 0.4 percentage points higher than the end of last month and the same period of last year; the balance of currency in circulation (M0) is 8.3 trillion yuan, an increase of 10.8% year-on-year. Net cash investment in the first quarter was 583.3 billion yuan.
The picture shows that the staff of a bank in Taiyuan, Shanxi is counting the currency. China News Service reporter Zhang Yunshe
RMB loans increased by 7.1 trillion yuan in the first quarter, and foreign currency loans increased by 25.5 billion US dollars
At the end of March, the balance of local and foreign currency loans was 165.97 trillion yuan, a year-on-year increase of 12.3%. The balance of RMB loans at the end of the month was 160.21 trillion yuan, an increase of 12.7% year-on-year, and the growth rate was 0.6 percentage points higher than that at the end of last month, and 1 percentage point lower than the same period last year.
In the first quarter, RMB loans increased by 7.1 trillion yuan, an increase of 1.29 trillion yuan year-on-year. In terms of different sectors, household sector loans increased by 1.21 trillion yuan, of which short-term loans decreased by 50.9 billion yuan, medium and long-term loans increased by 1.26 trillion yuan; corporate (institutional) business unit loans increased by 6.04 trillion yuan, of which short-term loans increased by 2.3 Trillion yuan, medium and long-term loans increased by 3.04 trillion yuan, bill financing increased by 630.5 billion yuan; loans from non-banking financial institutions decreased by 172.9 billion yuan. In March, RMB loans increased by 2.85 trillion yuan, an increase of 1.16 trillion yuan year-on-year.
At the end of March, the balance of foreign currency loans was 812.4 billion US dollars, a year-on-year decrease of 3.4%. Foreign currency loans increased by US $ 25.5 billion in the first quarter, a year-on-year decrease of US $ 20.6 billion. Foreign currency loans fell by US $ 3.3 billion in March, a year-on-year decrease of US $ 9.5 billion.
RMB deposits increased by 8.07 trillion yuan in the first quarter, and foreign currency deposits increased by US $ 7.6 billion
At the end of March, the balance of local and foreign currency deposits was 206.42 trillion yuan, a year-on-year increase of 9.2%. At the end of the month, the balance of RMB deposits was 200.99 trillion yuan, an increase of 9.3% year-on-year, and the growth rate was 1.2 and 0.6 percentage points higher than that at the end of last month and the same period of last year.
In the first quarter, RMB deposits increased by 8.07 trillion yuan, an increase of 1.76 trillion yuan year-on-year. Among them, household deposits increased by 6.47 trillion yuan, non-financial enterprise deposits increased by 1.86 trillion yuan, fiscal deposits decreased by 314.3 billion yuan, and non-banking financial institutions decreased by 371.3 billion yuan. In March, RMB deposits increased by 4.16 trillion yuan, an increase of 2.44 trillion yuan year-on-year.
At the end of March, the balance of foreign currency deposits was USD 765.4 billion, a year-on-year decrease of 0.5%. Foreign currency deposits increased by US $ 7.6 billion in the first quarter, a year-on-year decrease of US $ 33.7 billion. In March, foreign currency deposits decreased by US $ 22.3 billion, a year-on-year decrease of US $ 24.8 billion.
The monthly weighted average interest rate for interbank borrowing in the inter-bank RMB market was 1.4% in March, and the monthly weighted average interest rate for pledged bond repurchase was 1.44%
In the first quarter, the inter-bank renminbi market traded a total of 283.42 trillion yuan by means of lending, cash and repurchase, with an average daily turnover of 4.8 trillion yuan, and an average daily turnover increased by 2.6% year-on-year. Among them, the average daily turnover of interbank lending decreased by 19.7% year-on-year, the average daily turnover of spot bonds increased by 14.6% year-on-year, and the average daily turnover of pledged repo increased by 5% year-on-year.
The weighted average interest rate of inter-bank lending in March was 1.4%, which was 0.43 and 1.02 percentage points lower than that of the previous month and the same period of the previous year; the weighted average interest rate of pledged repo was 1.44%, which was 0.37 lower than that of the previous month and the same period of the previous year. 1.03 percentage points.
National foreign exchange reserve balance of 3.06 trillion US dollars
At the end of March, the national foreign exchange reserve balance was US $ 3.06 trillion. At the end of March, the renminbi exchange rate was 7.0851 yuan per dollar.
The RMB settlement business of cross-border trade in the first quarter was 1.46 trillion yuan, and the RMB settlement business of direct investment was 0.78 trillion yuan
In the first quarter, cross-border goods trade, service trade and other current items, foreign direct investment, and foreign direct investment settled in RMB occurred 1.06 trillion yuan, 0.4 trillion yuan, 0.23 trillion yuan, and 0.55 trillion yuan, respectively.