China News Service, March 15. On the 15th, the central bank released the financial statistics report for February 2024.

The content is as follows:

　　1. Broad money grew by 8.7%

　　At the end of February, the balance of broad money (M2) was 299.56 trillion yuan, a year-on-year increase of 8.7%.

The balance of narrow currency (M1) was 66.59 trillion yuan, a year-on-year increase of 1.2%.

The balance of currency (M0) in circulation was 12.1 trillion yuan, a year-on-year increase of 12.5%.

Net cash injection in the first two months was 756.6 billion yuan.

　　2. RMB loans increased by 6.37 trillion yuan in the first two months

　　At the end of February, the balance of domestic and foreign currency loans was 248.67 trillion yuan, a year-on-year increase of 9.7%.

The balance of RMB loans at the end of the month was 243.96 trillion yuan, a year-on-year increase of 10.1%.

　　RMB loans increased by 6.37 trillion yuan in the first two months.

In terms of sectors, household loans increased by 389.4 billion yuan, of which short-term loans decreased by 134 billion yuan, and medium and long-term loans increased by 523.4 billion yuan; loans to enterprises (institutions) increased by 5.43 trillion yuan, of which short-term loans increased by 1.99 trillion yuan. , medium and long-term loans increased by 4.6 trillion yuan, bill financing decreased by 1.25 trillion yuan; loans from non-banking financial institutions increased by 429.4 billion yuan.

　　At the end of February, the balance of foreign currency loans was US$662.6 billion, a year-on-year decrease of 10.5%.

Foreign currency loans increased by US$6.2 billion in the first two months.

　　3. RMB deposits increased by 6.44 trillion yuan in the first two months

　　At the end of February, the balance of local and foreign currency deposits was 296.58 trillion yuan, a year-on-year increase of 8.1%.

The balance of RMB deposits at the end of the month was 290.7 trillion yuan, a year-on-year increase of 8.4%.

　　RMB deposits increased by 6.44 trillion yuan in the first two months.

Among them, household deposits increased by 5.73 trillion yuan, non-financial corporate deposits decreased by 1.85 trillion yuan, fiscal deposits increased by 480.6 billion yuan, and non-banking financial institution deposits increased by 1.71 trillion yuan.

　　At the end of February, the balance of foreign currency deposits was US$827.7 billion, a year-on-year decrease of 6.2%.

Foreign currency deposits increased by US$29.9 billion in the first two months.

　　4. In February, the monthly weighted average interest rate for interbank lending in the inter-bank RMB market was 1.85%, and the monthly weighted average interest rate for pledged bond repurchase was 1.89%.

　　In February, the inter-bank RMB market's total turnover in the form of interbank lending, spot bonds and repurchases was 136.49 trillion yuan, with an average daily turnover of 7.58 trillion yuan, and the average daily turnover increased by 6.6% year-on-year.

Among them, the average daily transaction of interbank lending decreased by 26.6% year-on-year, the average daily transaction of spot bonds increased by 24.7% year-on-year, and the average daily transaction of pledged repurchase increased by 5.9% year-on-year.

　　The weighted average interbank lending rate in February was 1.85%, 0.02 percentage points higher than the previous month and 0.07 percentage points lower than the same period last year.

The weighted average interest rate of pledged repurchases was 1.89%, 0.01 percentage points and 0.18 percentage points lower than the same period last month and the previous year respectively.

　　5. In February, the cross-border RMB settlement amount under the current account was 1,046.1 billion yuan, and the cross-border RMB settlement amount for direct investment was 506.7 billion yuan.

　　In February, the amount of cross-border RMB settlement under the current account was 1.0461 billion yuan, of which trade in goods, trade in services and other current accounts were 799.2 billion yuan and 246.9 billion yuan respectively; the amount of cross-border RMB settlement for direct investment was 506.7 billion yuan, of which external Direct investment and foreign direct investment were 157.4 billion yuan and 349.3 billion yuan respectively.

(China News Finance)