China's new yuan loans at 615.2B yuan in October
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E-mail Xinhua, November 11, 2022
China's new yuan-denominated loans totaled 615.2 billion yuan (about 84.95 billion U.S. dollars) in October, central bank data showed Thursday.
The figure decreased by 211 billion yuan from the same period last year partly due to a high base of comparison, according to the People's Bank of China.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 11.8 percent year on year to 261.29 trillion yuan at the end of last month.
The growth rate was 0.3 percentage points lower than the figure seen at the end of September, but was 3.1 percentage points higher than that during the same period last year.
The M1, which covers cash in circulation plus demand deposits, stood at 66.21 trillion yuan at the end of October. It was up by 5.8 percent year on year.
The M0, the amount of cash in circulation, went up by 14.3 percent from a year ago to 9.84 trillion yuan at the end of last month.
In October, the central bank withdrew a total of 25.5 billion yuan of net cash from the market.
Newly added social financing, a measurement of funds that individuals and non-financial firms receive from the financial system, came in at 907.9 billion yuan last month, representing a decrease of 709.7 billion yuan from the same period last year.
By the end of last month, the total outstanding yuan deposits stood at 254.82 trillion yuan, up 10.8 percent year on year.
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