Chinanews.com, August 11th. The People's Bank of China website announced the July 2021 financial statistics report on the 11th.
The report pointed out that in July, RMB loans increased by 1.08 trillion yuan, and foreign currency loans fell by US$2.9 billion.
The full text is as follows:
1. Broad money grew by 8.3%, narrow money grew by 4.9%
At the end of July, the balance of broad money (M2) was 230.22 trillion yuan, a year-on-year increase of 8.3%, and the growth rate was 0.3 and 2.4 percentage points lower than the end of the previous month and the same period of the previous year, respectively; the balance of narrow money (M1) was 62.04 trillion yuan, a year-on-year increase 4.9%, the growth rate was 0.6 and 2 percentage points lower than the end of last month and the same period of last year respectively; the balance of currency in circulation (M0) was 8.47 trillion yuan, a year-on-year increase of 6.1%.
Net cash invested in the month was 37.1 billion yuan.
2. In July, RMB loans increased by 1.08 trillion yuan, and foreign currency loans decreased by US$2.9 billion
At the end of July, the balance of domestic and foreign currency loans was 192.68 trillion yuan, a year-on-year increase of 11.8%.
The balance of RMB loans at the end of the month was 186.58 trillion yuan, a year-on-year increase of 12.3%, and the growth rate was the same as at the end of the previous month, 0.7 percentage points lower than the same period last year.
RMB loans increased by 1.08 trillion yuan in July, an increase of 90.5 billion yuan over the same period last year.
In terms of sectors, household loans increased by 405.9 billion yuan, of which short-term loans increased by 8.5 billion yuan, medium and long-term loans increased by 397.4 billion yuan; corporate (institution) unit loans increased by 433.4 billion yuan, of which short-term loans decreased by 257.7 billion yuan. Long-term loans increased by 493.7 billion yuan, bill financing increased by 177.1 billion yuan; loans from non-banking financial institutions increased by 177.4 billion yuan.
At the end of July, the balance of foreign currency loans was US$944.4 billion, a year-on-year increase of 6.9%.
Foreign currency loans fell by US$2.9 billion that month, an increase of US$22.1 billion year-on-year.
3. In July, RMB deposits fell by 1.13 trillion yuan, and foreign currency deposits fell by US$23 billion
At the end of July, the balance of domestic and foreign currency deposits was 231.92 trillion yuan, a year-on-year increase of 8.8%.
The balance of RMB deposits at the end of the month was 225.49 trillion yuan, an increase of 8.6% year-on-year, and the growth rate was 0.6 and 1.7% lower than the end of the previous month and the same period of the previous year, respectively.
In July, RMB deposits fell by 1.13 trillion yuan, an increase of 1.21 trillion yuan year-on-year.
Among them, household deposits decreased by 1.36 trillion yuan, non-financial corporate deposits decreased by 1.31 trillion yuan, fiscal deposits increased by 600.8 billion yuan, and deposits by non-banking financial institutions increased by 957.6 billion yuan.
At the end of July, the balance of foreign currency deposits was US$960 billion, a year-on-year increase of 25.5%.
Foreign currency deposits fell by 23 billion U.S. dollars that month, an increase of 38.3 billion U.S. dollars from the same period last year.
4. In July, the monthly weighted average interest rate of inter-bank RMB inter-bank lending and the monthly weighted average interest rate of pledged bond repurchases were both 2.08%
In July, the total turnover of the inter-bank RMB market through lending, spot bonds and repurchase was 126.53 trillion yuan, with an average daily turnover of 5.75 trillion yuan, and an average daily turnover of 4.5% year-on-year.
Among them, the average daily transaction of interbank lending decreased by 15.6% year-on-year, the average daily transaction of spot bonds decreased by 19.8% year-on-year, and the average daily transaction of pledged repo increased by 15.6% year-on-year.
The weighted average interest rate of inter-bank lending in July was 2.08%, which was 0.05% lower than the previous month and 0.18% higher than the same period last year; the weighted average interest rate of pledged repo was 2.08%, 0.09% lower than the previous month and compared with the previous year This was an increase of 0.17 percentage points over the same period.
5. In July, RMB 696.2 billion occurred in cross-border trade RMB settlement business, and RMB 497.9 billion in direct investment RMB settlement business
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 479.9 billion yuan, 216.3 billion yuan, 137 billion yuan, and 360.9 billion yuan respectively.