Chinanews.com, August 11 According to the central bank's website, the central bank released the July 2020 financial statistics report on the 11th. Data show that RMB loans increased by 992.7 billion yuan in July, a year-on-year decrease of 63.1 billion yuan.
Data map: People's Bank of China. Photo by China News Agency reporter Zhang Xinglong
Broad money grew by 10.7%, narrow money grew by 6.9%
At the end of July, the balance of broad money (M2) was 212.55 trillion yuan, a year-on-year increase of 10.7%, and the growth rate was 0.4 percentage points lower than the end of the previous month and 2.6 percentage points higher than the same period last year; the balance of narrow money (M1) was 59.12 trillion yuan, a year-on-year increase An increase of 6.9%, the growth rate was 0.4 and 3.8 percentage points higher than the end of last month and the same period of last year respectively; the balance of currency in circulation (M0) was 7.99 trillion yuan, a year-on-year increase of 9.9%. Net cash invested in the month was 40.8 billion yuan.
RMB loans increased by 992.7 billion yuan in July, and foreign currency loans increased by US$19.2 billion
At the end of July, the balance of domestic and foreign currency loans was 172.36 trillion yuan, a year-on-year increase of 13%. The balance of RMB loans at the end of the month was 166.19 trillion yuan, a year-on-year increase of 13%. The growth rate was 0.2 percentage points lower than the end of the previous month and 0.4 percentage points higher than the same period last year.
In July, RMB loans increased by 992.7 billion yuan, a year-on-year decrease of 63.1 billion yuan. In terms of sectors, household sector loans increased by 757.8 billion yuan, of which short-term loans increased by 151 billion yuan, medium and long-term loans increased by 606.7 billion yuan; corporate (institution) unit loans increased by 264.5 billion yuan, of which short-term loans decreased by 242.1 billion yuan. Medium and long-term loans increased by 596.8 billion yuan, bill financing decreased by 102.1 billion yuan; loans from non-banking financial institutions decreased by 27 billion yuan.
At the end of July, the balance of foreign currency loans was 883.5 billion US dollars, a year-on-year increase of 9.6%. Foreign currency loans increased by US$19.2 billion in the month, an increase of US$31.5 billion year-on-year.
RMB deposits increased by 80.3 billion yuan in July, and foreign currency deposits increased by US$15.3 billion
At the end of July, the balance of domestic and foreign currency deposits was 213.1 trillion yuan, a year-on-year increase of 10.2%. The balance of RMB deposits at the end of the month was 207.56 trillion yuan, a year-on-year increase of 10.3%. The growth rate was 0.3 percentage points lower than the end of the previous month and 2.2 percentage points higher than the same period last year.
RMB deposits increased by 80.3 billion yuan in July, a decrease of 561.7 billion yuan year-on-year. Among them, household deposits decreased by 719.5 billion yuan, non-financial corporate deposits decreased by 1.55 trillion yuan, fiscal deposits increased by 487.2 billion yuan, and non-banking financial institutions increased by 1.8 trillion yuan.
At the end of July, the balance of foreign currency deposits was US$793.7 billion, a year-on-year increase of 6.5%. Foreign currency deposits increased by 15.3 billion US dollars that month, an increase of 30.1 billion US dollars over the same period last year.
In July, the monthly weighted average interest rate of inter-bank renminbi market inter-bank lending was 1.9%, and the monthly weighted average interest rate of pledged bond repurchase was 1.91%
In July, the inter-bank renminbi market had a total turnover of 126.61 trillion yuan by means of inter-bank lending, spot bonds and repurchase, with an average daily turnover of 5.5 trillion yuan, a year-on-year increase of 15.5%. Among them, the average daily transaction of interbank lending decreased by 4% year-on-year, the average daily transaction of spot bonds increased by 38.5% year-on-year, and the average daily transaction of pledged repo increased by 13.4% year-on-year.
The weighted average interest rate of inter-bank lending in July was 1.9%, which was 0.05 percentage points higher than the previous month and 0.18 percentage points lower than the same period of last year; the weighted average interest rate of pledged repo was 1.91%, 0.02 percentage points higher than the previous month and last year It was 0.24 percentage points lower than that in the same period.
In July, cross-border trade RMB settlement business accounted for 595.4 billion yuan, and direct investment RMB settlement business accounted for 293.6 billion yuan
In July, cross-border trade in goods, trade in services and other current accounts, foreign direct investment, and foreign direct investment settled in RMB accounted for 387.7 billion yuan, 207.7 billion yuan, 72.2 billion yuan, and 221.4 billion yuan respectively.