Central Bank: RMB loans increased by 4.92 trillion yuan in January, an increase of 16.2 billion yuan year-on-year

　　China News Service, February 9 (Xinhua) According to the central bank's website, the central bank released the financial statistics report for January 2024. The content is as follows:

1. Broad money grew by 8.7%

　　At the end of January, the balance of broad money (M2) was 297.63 trillion yuan, a year-on-year increase of 8.7%. The balance of narrow currency (M1) was 69.42 trillion yuan, a year-on-year increase of 5.9%. The balance of currency (M0) in circulation was 12.14 trillion yuan, a year-on-year increase of 5.9%. The net cash injection in the month was 795.4 billion yuan.

2. RMB loans increased by 4.92 trillion yuan in January

　　At the end of January, the balance of domestic and foreign currency loans was 247.25 trillion yuan, a year-on-year increase of 10%. The balance of RMB loans at the end of the month was 242.5 trillion yuan, a year-on-year increase of 10.4%.

　　RMB loans increased by 4.92 trillion yuan in January, an increase of 16.2 billion yuan year-on-year. In terms of sectors, household loans increased by 980.1 billion yuan, of which short-term loans increased by 352.8 billion yuan, and medium and long-term loans increased by 627.2 billion yuan; loans to enterprises (institutions) increased by 3.86 trillion yuan, of which short-term loans increased by 1.46 trillion yuan. , medium and long-term loans increased by 3.31 trillion yuan, bill financing decreased by 973.3 billion yuan; loans from non-banking financial institutions increased by 24.9 billion yuan.

　　At the end of January, the balance of foreign currency loans was US$667.7 billion, a year-on-year decrease of 10.7%. Foreign currency loans increased by US$11.3 billion in January, an increase of US$5.5 billion year-on-year.

3. RMB deposits increased by 5.48 trillion yuan in January

　　At the end of January, the balance of domestic and foreign currency deposits was 295.62 trillion yuan, a year-on-year increase of 8.9%. The balance of RMB deposits at the end of the month was 289.74 trillion yuan, a year-on-year increase of 9.2%.

　　RMB deposits increased by 5.48 trillion yuan in January, a decrease of 1.39 trillion yuan year-on-year. Among them, household deposits increased by 2.53 trillion yuan, non-financial corporate deposits increased by 1.14 trillion yuan, fiscal deposits increased by 860.4 billion yuan, and non-banking financial institution deposits increased by 552.6 billion yuan.

　　At the end of January, the balance of foreign currency deposits was US$827.3 billion, a year-on-year decrease of 6.8%. Foreign currency deposits increased by US$29.5 billion in January, a decrease of US$4.4 billion year-on-year.

4. In January, the monthly weighted average interest rate for interbank lending in the inter-bank RMB market was 1.83%, and the monthly weighted average interest rate for pledged bond repurchase was 1.9%.

　　In January, the inter-bank RMB market's total turnover in the form of interbank lending, spot bonds and repurchases was 211.52 trillion yuan, with an average daily turnover of 9.61 trillion yuan, and the average daily turnover increased by 40.4% year-on-year. Among them, the average daily transaction of interbank lending decreased by 12.9% year-on-year, the average daily transaction of spot bonds increased by 71.6% year-on-year, and the average daily transaction of pledged repurchase increased by 40.7% year-on-year.

　　The weighted average inter-bank lending rate in January was 1.83%, 0.05 percentage points and 0.39 percentage points higher than the same period last month and last year respectively. The weighted average interest rate of pledged repurchase was 1.9%, which was the same as last month and 0.34 percentage points higher than the same period last year.

5. In January, the cross-border RMB settlement amount under the current account was 1,334.7 billion yuan, and the cross-border RMB settlement amount for direct investment was 697.6 billion yuan.

　　In January, the amount of cross-border RMB settlement under the current account was 1,334.7 billion yuan, of which trade in goods, trade in services and other current accounts were 1,077.2 billion yuan and 257.5 billion yuan respectively; the amount of cross-border RMB settlement for direct investment was 697.6 billion yuan, of which external Direct investment and foreign direct investment were 226.1 billion yuan and 471.5 billion yuan respectively.