The central bank released financial data for August: RMB loans increased by 1.22 trillion yuan in August.
Cctv newsAccording to the website of the People’s Bank of China, on the 10th, the central bank released the financial statistics report for August 2021. According to the report, RMB loans increased by 1.22 trillion yuan in August, while foreign currency loans decreased by 1.5 billion US dollars. The details are as follows:
1. Broad money grew by 8.2% and narrow money by 4.2%.
At the end of August, the balance of broad money (M2) was 231.23 trillion yuan, up 8.2% year-on-year, and the growth rate was 0.1 and 2.2 percentage points lower than that at the end of last month and the same period of last year respectively. The balance of narrow money (M1) was 62.67 trillion yuan, up 4.2% year-on-year, and the growth rate was 0.7 and 3.8 percentage points lower than that at the end of last month and the same period of last year respectively. The balance of money in circulation (M0) was 8.51 trillion yuan, a year-on-year increase of 6.3%. The net cash invested in the month was 34.2 billion yuan.
2. In August, RMB loans increased by 1.22 trillion yuan, while foreign currency loans decreased by 1.5 billion dollars.
At the end of August, the balance of local and foreign currency loans was 193.9 trillion yuan, up 11.7% year-on-year. At the end of the month, the balance of RMB loans was 187.8 trillion yuan, up 12.1% year-on-year, and the growth rate was 0.2 and 0.9 percentage points lower than that at the end of last month and the same period of last year respectively.
In August, RMB loans increased by 1.22 trillion yuan, 63.1 billion yuan less than the same period of last year. In terms of sectors, household loans increased by 575.5 billion yuan, of which short-term loans increased by 149.6 billion yuan and medium-and long-term loans increased by 425.9 billion yuan; Loans from enterprises and institutions increased by 696.3 billion yuan, of which short-term loans decreased by 114.9 billion yuan, medium-and long-term loans increased by 521.5 billion yuan, bill financing increased by 281.3 billion yuan, and loans from non-banking financial institutions decreased by 68.1 billion yuan.
At the end of August, the balance of foreign currency loans was US$ 943 billion, a year-on-year increase of 4.5%. Foreign currency loans decreased by $1.5 billion in the month, a year-on-year decrease of $20.8 billion.
3. In August, RMB deposits increased by 1.37 trillion yuan, and foreign currency deposits increased by 3.7 billion US dollars.
At the end of August, the balance of local and foreign currency deposits was 233.32 trillion yuan, up 8.5% year-on-year. At the end of the month, the balance of RMB deposits was 226.85 trillion yuan, up 8.3% year-on-year, and the growth rate was 0.3 and 2 percentage points lower than that at the end of last month and the same period of last year respectively.
In August, RMB deposits increased by 1.37 trillion yuan, a year-on-year decrease of 567.2 billion yuan. Among them, household deposits increased by 333.8 billion yuan, non-financial enterprises increased by 560.8 billion yuan, fiscal deposits increased by 172.4 billion yuan, and non-banking financial institutions increased by 99.3 billion yuan.
At the end of August, the balance of foreign currency deposits was US$ 999.7 billion, a year-on-year increase of 22%. In that month, foreign currency deposits increased by US$ 3.7 billion, a year-on-year decrease of US$ 22.1 billion.
4. In August, the monthly weighted average interest rate of interbank RMB market borrowing and pledged bond repurchase were both 2.08%.
In August, the inter-bank RMB market traded a total of 124.37 trillion yuan by means of borrowing, cash coupons and repurchase, with an average daily turnover of 5.65 trillion yuan, with a year-on-year increase of 0.7%. Among them, the average daily turnover of interbank lending decreased by 16.5% year-on-year, the average daily turnover of cash bonds decreased by 15.8% year-on-year, and the average daily turnover of pledged repo increased by 7.9% year-on-year.
The weighted average interest rate of interbank lending in August was 2.08%, which was the same as last month and 0.04 percentage points higher than the same period of last year. The weighted average interest rate of pledged repo was 2.08%, which was the same as last month and 0.02 percentage points higher than the same period of last year.
In May and August, RMB settlement of cross-border trade was 666.9 billion yuan, and RMB settlement of direct investment was 553.4 billion yuan.
In August, RMB-settled cross-border trade in goods, services and other current accounts, foreign direct investment and foreign direct investment amounted to 492.4 billion yuan, 174.5 billion yuan, 140.2 billion yuan and 413.2 billion yuan respectively.