Report from our newspaper, Beijing, February 19 (Reporter Wu Qiuyu) Data recently released by the People's Bank of China shows that in January 2024, my country's social financing scale increased by 6.5 trillion yuan, the highest level for the same period in history, 5,061 yuan more than the same period last year. billion. As of the end of January 2024, my country's social financing stock was 384.29 trillion yuan, a year-on-year increase of 9.5%, of which the balance of RMB loans issued to the real economy was 240.32 trillion yuan, a year-on-year increase of 10.1%. The scale of social financing continued to increase year-on-year on the basis of a high base in the same period last year, indicating that the financial system provides strong financial support for the real economy.
Data show that in January, my country's RMB loans increased by 4.92 trillion yuan, an increase of 16.2 billion yuan year-on-year. On the basis of a high base in the same period last year, the year-on-year increase was maintained, indicating that the financial support for the real economy is relatively stable. 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. As of the end of January, my country's domestic and foreign currency loan balances were 247.25 trillion yuan, a year-on-year increase of 10%, and the RMB loan balance was 242.5 trillion yuan, a year-on-year increase of 10.4%.
Since the beginning of this year, the prudent monetary policy has been flexible, appropriate, precise and effective. The People's Bank of China promptly announced reductions in reserve requirements and lowered the re-lending and rediscount rates to support agriculture and small businesses. The release of favorable policies has been through open market operations and the medium-term lending facility (MLF). Liquidity continued to be reasonably abundant, including for sequels, which effectively boosted market confidence. The effects of the macroeconomic policies that had been in place in the previous period continued to show, the economy continued to recover, and the corporate sector had strong demand for credit at the beginning of the year. Loans maintained a steady growth momentum in January, reflecting the increased vitality of the real economy. Enterprises are planning investment and production in advance to help achieve a good start in the economy, which can continue to boost confidence and improve social expectations.
In terms of deposits, RMB deposits increased by 5.48 trillion yuan in January. 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. As of 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%, and the balance of RMB deposits was 289.74 trillion yuan, a year-on-year increase of 9.2%.
In terms of money supply, at the end of January, my country's broad money (M2) balance 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.
In addition, in January, the amount of cross-border RMB settlement under my country's 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 outward direct investment and foreign direct investment were 226.1 billion yuan and 471.5 billion yuan respectively. (People's Daily)