China News Service, September 11, according to the central bank's website, the August financial statistics report showed that at the end of August, the balance of broad money (M2) was 213.68 trillion yuan, an increase of 10.4% year-on-year.
Broad money grew by 10.4%, narrow money grew by 8%
At the end of August, the broad money (M2) balance was 213.68 trillion yuan, a year-on-year increase of 10.4%, and 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; the narrow money (M1) balance was 60.13 trillion yuan, a year-on-year increase An increase of 8%, the growth rate was 1.1 and 4.6 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 8 trillion yuan, a year-on-year increase of 9.4%.
Net cash invested in the month was 17.5 billion yuan.
RMB loans increased by 1.28 trillion yuan in August, and foreign currency loans increased by US$19.3 billion
At the end of August, the balance of domestic and foreign currency loans was 173.66 trillion yuan, a year-on-year increase of 12.8%.
The balance of RMB loans at the end of the month was 167.47 trillion yuan, a year-on-year increase of 13%, and the growth rate was the same as at the end of the previous month, 0.6 percentage points higher than the same period last year.
In August, RMB loans increased by 1.28 trillion yuan, an increase of 69.4 billion yuan year-on-year.
In terms of different sectors, household loans increased by 841.5 billion yuan, of which short-term loans increased by 284.4 billion yuan, medium and long-term loans increased by 557.1 billion yuan; corporate (institution) loans increased by 579.7 billion yuan, of which short-term loans increased by 4.7 billion yuan. Medium and long-term loans increased by 725.2 billion yuan, bill financing decreased by 167.6 billion yuan; loans from non-banking financial institutions decreased by 147.4 billion yuan.
At the end of August, the balance of foreign currency loans was US$902.8 billion, a year-on-year increase of 12.2%.
Foreign currency loans increased by 19.3 billion U.S. dollars that month, an increase of 20.7 billion U.S. dollars over the same period last year.
RMB deposits increased by 1.94 trillion yuan in August, and foreign currency deposits increased by US$25.8 billion
At the end of August, the balance of domestic and foreign currency deposits was 215.12 trillion yuan, a year-on-year increase of 10.2%.
The balance of RMB deposits at the end of the month was 209.49 trillion yuan, a year-on-year increase of 10.3%, and the growth rate was the same as at the end of the previous month, 1.9 percentage points higher than the same period last year.
RMB deposits increased by 1.94 trillion yuan in August, an increase of 131.7 billion yuan year-on-year.
Among them, household deposits increased by 397.3 billion yuan, non-financial corporate deposits increased by 749.1 billion yuan, fiscal deposits increased by 533.9 billion yuan, and deposits by non-banking financial institutions decreased by 261.2 billion yuan.
At the end of August, the balance of foreign currency deposits was US$819.5 billion, a year-on-year increase of 12.1%.
Foreign currency deposits increased by US$25.8 billion that month, an increase of US$40.1 billion year-on-year.
The monthly weighted average interest rate of the inter-bank RMB market inter-bank lending in August was 2.04%, and the monthly weighted average interest rate of pledged bond repurchase was 2.06%
In August, the inter-bank renminbi market had a total turnover of 117.86 trillion yuan by means of inter-bank lending, spot bonds and repurchase, with an average daily turnover of 5.61 trillion yuan, a year-on-year increase of 20%.
Among them, the average daily transaction of interbank lending increased by 4.4% year-on-year, the average daily transaction of spot bonds increased by 18.8% year-on-year, and the average daily transaction of pledged repo increased by 23.2% year-on-year.
The weighted average interest rate of inter-bank lending in August was 2.04%, which was 0.14 percentage points higher than the previous month and 0.61 percentage points lower than the same period of last year; the weighted average interest rate of pledged repo was 2.06%, which was 0.15 percentage points higher than last month and compared with the previous year. 0.59 percentage points lower than the same period.
In August, RMB 538.5 billion of RMB settlement in cross-border trade occurred, and RMB 293.8 billion in RMB settlement of direct investment
In August, cross-border trade in goods, trade in services and other current accounts, foreign direct investment, and foreign direct investment settled in RMB accounted for 383.4 billion yuan, 155.1 billion yuan, 66.6 billion yuan, and 227.2 billion yuan respectively.