Chinanews.com, November 11, according to the central bank website news, the October 2020 financial statistics report shows that at the end of October, the balance of broad money (M2) was 214.97 trillion yuan, a year-on-year increase of 10.5%, and the growth rate was 0.4 points lower than the end of the previous month. Percentage points, 2.1 percentage points higher than the same period last year.
Data map: People's Bank of China.
Photo by China News Agency reporter Zhang Xinglong
Broad money grew by 10.5%, narrow money grew by 9.1%
At the end of October, the broad money (M2) balance was 214.97 trillion yuan, a year-on-year increase of 10.5%, and the growth rate was 0.4 percentage points lower than the end of the previous month, and 2.1 percentage points higher than the same period last year; the narrow money (M1) balance was 60.92 trillion yuan, a year-on-year increase An increase of 9.1%, the growth rate was 1 and 5.8 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 8.1 trillion yuan, an increase of 10.4% year-on-year.
Net cash returned in the month was 133.4 billion yuan.
RMB loans increased by 689.8 billion yuan in October, and foreign currency loans increased by US$23.8 billion
At the end of October, the balance of domestic and foreign currency loans was 176.26 trillion yuan, a year-on-year increase of 12.8%.
The balance of RMB loans at the end of the month was 170.06 trillion yuan, a year-on-year increase of 12.9%, and the growth rate was 0.1 percentage point lower than the end of the previous month and 0.5 percentage point higher than the same period last year.
In October, RMB loans increased by 689.8 billion yuan, an increase of 28.5 billion yuan year-on-year.
In terms of different sectors, household loans increased by 433.1 billion yuan, of which short-term loans increased by 27.2 billion yuan, medium and long-term loans increased by 405.9 billion yuan; corporate (institution) unit loans increased by 233.5 billion yuan, of which short-term loans decreased by 83.7 billion yuan. Medium and long-term loans increased by 411.3 billion yuan, bill financing decreased by 112.4 billion yuan; loans from non-banking financial institutions increased by 38.2 billion yuan.
At the end of October, the balance of foreign currency loans was US$923.2 billion, a year-on-year increase of 15.6%.
Foreign currency loans increased by USD 23.8 billion that month, an increase of USD 25 billion year-on-year.
RMB deposits decreased by 397.1 billion yuan in October, and foreign currency deposits increased by US$28.9 billion
At the end of October, the balance of domestic and foreign currency deposits was 216.58 trillion yuan, a year-on-year increase of 10.4%.
The balance of RMB deposits at the end of the month was 210.68 trillion yuan, a year-on-year increase of 10.3%, and the growth rate was 0.4 percentage points lower than the end of the previous month and 2.1 percentage points higher than the same period last year.
In October, RMB deposits decreased by 397.1 billion yuan, an increase of 634.3 billion yuan year-on-year.
Among them, household deposits decreased by 956.9 billion yuan, non-financial corporate deposits decreased by 864.2 billion yuan, fiscal deposits increased by 900.5 billion yuan, and non-banking financial institutions increased by 291.8 billion yuan.
At the end of October, the balance of foreign currency deposits was 877.6 billion US dollars, a year-on-year increase of 17.1%.
Foreign currency deposits increased by US$28.9 billion that month, an increase of US$11.4 billion year-on-year.
The monthly weighted average interest rate of inter-bank renminbi market inter-bank lending in October was 2.13%, and the monthly weighted average interest rate of pledged bond repurchase was 2.22%
In October, the total transactions in the inter-bank RMB market through lending, spot bonds and repurchases were 76.16 trillion yuan, with an average daily turnover of 4.48 trillion yuan, and a 0.4% year-on-year decrease in average daily turnover.
Among them, the average daily transaction of interbank lending decreased by 11.4% year-on-year, the average daily transaction of spot bonds decreased by 30.2% year-on-year, and the average daily transaction of pledged repo increased by 10.7% year-on-year.
The weighted average interest rate of inter-bank lending in October was 2.13%, 0.33 percentage points higher than the previous month and 0.43 percentage points lower than the same period last year; the weighted average interest rate of pledged repo was 2.22%, 0.29 percentage points higher than the previous month and compared with the previous year It was 0.35 percentage points lower over the same period.
In October, cross-border trade RMB settlement business accounted for 532.1 billion yuan, and direct investment RMB settlement business accounted for 267.4 billion yuan
In October, cross-border trade in goods, trade in services and other current accounts, foreign direct investment, and foreign direct investment settled in RMB accounted for 376.1 billion yuan, 156 billion yuan, 47.4 billion yuan, and 220 billion yuan respectively.