China News Service, August 12. According to the news on the central bank's website on the 12th, the July 2022 financial statistics report was released.

1. Broad money increased by 12%, narrow money increased by 6.7%

  At the end of July, the balance of broad money (M2) was 257.81 trillion yuan, a year-on-year increase of 12%, and the growth rate was 0.6 and 3.7 percentage points higher than that at the end of last month and the same period of the previous year, respectively; the balance of narrow money (M1) was 66.18 trillion yuan, a year-on-year increase. The growth rate was 0.9 percentage points and 1.8 percentage points higher than that at the end of last month and the same period of the previous year, respectively; the balance of currency (M0) in circulation was 9.65 trillion yuan, a year-on-year increase of 13.9%.

The net cash investment in the month was 49.8 billion yuan.

2. In July, RMB loans increased by 679 billion yuan, while foreign currency loans decreased by 31.1 billion US dollars

  At the end of July, the balance of domestic and foreign currency loans was 212.84 trillion yuan, a year-on-year increase of 10.5%.

The balance of RMB loans at the end of the month was 207.03 trillion yuan, an increase of 11% year-on-year, and the growth rate was 0.2 and 1.3 percentage points lower than that at the end of the previous month and the same period of the previous year, respectively.

  In July, RMB loans increased by 679 billion yuan, a decrease of 404.2 billion yuan year-on-year.

In terms of different sectors, household loans increased by 121.7 billion yuan, of which short-term loans decreased by 26.9 billion yuan, and medium and long-term loans increased by 148.6 billion yuan; corporate loans increased by 287.7 billion yuan, of which short-term loans decreased by 354.6 billion yuan, and medium and long-term loans increased by 148.6 billion yuan. Long-term loans increased by 345.9 billion yuan, bill financing increased by 313.6 billion yuan; loans to non-banking financial institutions increased by 147.6 billion yuan.

From January to July, RMB loans increased by 14.35 trillion yuan, a year-on-year increase of 515 billion yuan.

  At the end of July, the balance of foreign currency loans was US$861.5 billion, a year-on-year decrease of 8.8%.

Foreign currency loans fell by $31.1 billion in July, a year-on-year decrease of $28.2 billion.

3. RMB deposits increased by 44.7 billion yuan in July, while foreign currency deposits decreased by 33 billion US dollars

  At the end of July, the balance of domestic and foreign currency deposits was 257.53 trillion yuan, an increase of 11% year-on-year.

The balance of RMB deposits at the end of the month was 251.1 trillion yuan, an increase of 11.4% year-on-year, and the growth rate was 0.6 percentage points and 2.8 percentage points higher than that at the end of the previous month and the same period of the previous year, respectively.

  In July, RMB deposits increased by 44.7 billion yuan, a year-on-year increase of 1.18 trillion yuan.

Among them, household deposits decreased by 338 billion yuan, non-financial corporate deposits decreased by 1.04 trillion yuan, fiscal deposits increased by 486.3 billion yuan, and non-banking financial institutions deposits increased by 804.5 billion yuan.

  At the end of July, the balance of foreign currency deposits was US$953.7 billion, down 4.3% year-on-year.

Foreign currency deposits fell by $33 billion in July, an increase of $10 billion from a year earlier.

4. In July, the monthly weighted average interest rate of interbank RMB market interbank lending was 1.35%, and the monthly weighted average interest rate of pledged bond repurchase was 1.33%

  In July, the inter-bank RMB market through lending, spot bonds and repurchase transactions totaled 170.03 trillion yuan, with an average daily turnover of 8.1 trillion yuan.

Among them, the average daily turnover of interbank lending was 697 billion yuan, the average daily turnover of spot bonds was 1.12 trillion yuan, and the average daily turnover of pledged repurchases was 6.26 trillion yuan.

  The weighted average interest rate for interbank lending in July was 1.35%, 0.21 and 0.73 percentage points lower than the previous month and the same period of the previous year, respectively.

The weighted average interest rate of pledged repo was 1.33%, 0.24 percentage points and 0.75 percentage points lower than the same period last month and last year respectively.

V. In July, the cross-border RMB settlement amount under the current account was 901.8 billion yuan, and the cross-border RMB settlement amount for direct investment was 479.8 billion yuan

  In July, the cross-border RMB settlement amount under the current account was 901.8 billion yuan, of which trade in goods, service trade and other current accounts were 652.8 billion yuan and 249 billion yuan respectively; the cross-border RMB settlement amount for direct investment was 479.8 billion yuan, of which foreign Direct investment and foreign direct investment were 115.4 billion yuan and 364.4 billion yuan respectively.

(Zhongxin Finance)

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