China News Service, January 12th. The central bank's website today released a report on financial statistics for 2020.
The report shows that RMB loans increased by 19.63 trillion yuan throughout the year, and foreign currency loans increased by US$80.2 billion.
In the whole year, RMB deposits increased by 19.65 trillion yuan, and foreign currency deposits increased by US$131.5 billion.
Data map: People's Bank of China.
Photo by China News Agency reporter Zhang Xinglong
Broad money grew by 10.1%, narrow money grew by 8.6%
At the end of December, the broad money (M2) balance was 218.68 trillion yuan, a year-on-year increase of 10.1%, and the growth rate was 0.6 percentage points lower than the end of the previous month and 1.4 percentage points higher than the same period last year; the narrow money (M1) balance was 62.56 trillion yuan, a year-on-year increase The growth rate was 8.6%, which was 1.4 percentage points lower than the end of last month and 4.2 percentage points higher than the same period last year; the balance of currency in circulation (M0) was 8.43 trillion yuan, an increase of 9.2% year-on-year.
The net cash input for the year was 712.5 billion yuan.
RMB loans increased by 19.63 trillion yuan throughout the year, and foreign currency loans increased by US$80.2 billion
At the end of December, the balance of domestic and foreign currency loans was 178.4 trillion yuan, a year-on-year increase of 12.5%.
The balance of RMB loans at the end of the month was 172.75 trillion yuan, a year-on-year increase of 12.8%, and the growth rate was the same as at the end of the previous month, 0.5 percentage points higher than the same period last year.
In the whole year, RMB loans increased by 19.63 trillion yuan, an increase of 2.82 trillion yuan year-on-year.
In terms of sectors, household loans increased by 7.87 trillion yuan, of which short-term loans increased by 1.92 trillion yuan, medium and long-term loans increased by 5.95 trillion yuan; corporate (institution) loans increased by 12.17 trillion yuan, of which short-term loans increased by 2.39 yuan Trillion yuan, medium and long-term loans increased by 8.8 trillion yuan, bill financing increased by 738.9 billion yuan; loans from non-banking financial institutions decreased by 470.6 billion yuan.
In December, RMB loans increased by 1.26 trillion yuan, an increase of 117 billion yuan year-on-year.
At the end of December, the balance of foreign currency loans was US$867.2 billion, a year-on-year increase of 10.2%.
Foreign currency loans increased by US$80.2 billion throughout the year, an increase of US$88.1 billion year-on-year.
In December, foreign currency loans fell by US$37.7 billion, an increase of US$30 billion year-on-year.
RMB deposits increased by 19.65 trillion yuan throughout the year, and foreign currency deposits increased by US$131.5 billion
At the end of December, the balance of domestic and foreign currency deposits was 218.37 trillion yuan, a year-on-year increase of 10.2%.
The balance of RMB deposits at the end of the month was 212.57 trillion yuan, a year-on-year increase of 10.2%, and the growth rate was 0.5 percentage points lower than the end of the previous month and 1.5 percentage points higher than the same period last year.
Renminbi deposits increased by 19.65 trillion yuan throughout the year, an increase of 4.28 trillion yuan year-on-year.
Among them, household deposits increased by 11.3 trillion yuan, non-financial corporate deposits increased by 6.57 trillion yuan, fiscal deposits increased by 393.1 billion yuan, and non-banking financial institutions increased by 1.06 trillion yuan.
In December, RMB deposits decreased by 209.3 billion yuan, an increase of 808.8 billion yuan year-on-year.
At the end of December, the balance of foreign currency deposits was 889.3 billion US dollars, a year-on-year increase of 17.4%.
Foreign currency deposits increased by US$131.5 billion throughout the year, an increase of US$101.4 billion year-on-year.
In December, foreign currency deposits fell by US$1.6 billion, an increase of US$9.4 billion year-on-year.
The monthly weighted average interest rate of inter-bank renminbi market inter-bank lending in December was 1.3%, and the monthly weighted average interest rate of pledged bond repurchase was 1.36%
Throughout the year, the inter-bank renminbi market had a total turnover of 1,339.66 trillion yuan through inter-bank lending, spot bonds and repurchase, with an average daily turnover of 5.38 trillion yuan, a year-on-year increase of 13.5%.
Among them, the average daily transaction of interbank lending decreased by 2.6% year-on-year, the average daily transaction of spot bonds increased by 9.3% year-on-year, and the average daily transaction of pledged repo increased by 18.1% year-on-year.
The weighted average interest rate of inter-bank lending in December was 1.3%, 0.68 and 0.79 percentage points lower than the previous month and the same period of the previous year, respectively; 0.74 percentage points.
The balance of national foreign exchange reserves is 3.22 trillion U.S. dollars
At the end of December, the country’s foreign exchange reserves stood at US$3.22 trillion.
At the end of December, the renminbi exchange rate was 6.5249 yuan per US dollar.
In 2020, cross-border trade RMB settlement business will generate 6.77 trillion yuan, and direct investment RMB settlement business will generate 3.81 trillion yuan
In 2020, cross-border trade in goods, trade in services and other current accounts, foreign direct investment, and foreign direct investment settled in RMB will generate 4.79 trillion yuan, 1.98 trillion yuan, 1.05 trillion yuan, and 2.76 trillion yuan respectively.