OREANDA-NEWS. March 28, 2011.

1. Broad money rises by 15.7%
At end-February, broad money (M2) stood at 73.61 trillion yuan, increasing by 15.7% year on year, down 1.5 and 9.8 percentage points from the end of last month and the same period last year respectively; narrow money (M1) registered 25.91 trillion yuan, rising by 14.5% year on year, up 0.9 percentage points from the end of last month but down 20.5 percentage points from the same period last year; currency in circulation (M0) recorded an amount of 4.73 trillion yuan, up 10.3% year on year. Due to factors related to the Spring Festival, net money withdrawal recorded 1.08 trillion yuan in February, reported the press-centre of Peoples Bank of China.

2. RMB loans and foreign currency loans increase by 535.6 billion yuan and USD5 billion respectively
At end-February, outstanding RMB and foreign currency loans totaled 51.97 trillion yuan, up 17.4% year on year. RMB and foreign currency loans increased by 561.8 billion yuan in February, 232.9 billion yuan smaller than the growth in the same period last year. Outstanding RMB loans registered 48.89 trillion yuan, up 17.7% year on year, decelerating by 0.8 and 9.5 percentage points from the end of last month and the same period last year respectively. RMB loans rose by 535.6 billion yuan in the month, 192.9 billion yuan less than the increase in the same period last year.

By sector, loans to households expanded by 105.8 billion yuan, with short-term loans and long and medium-term loans increasing by 600 million yuan and 105.2 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 430.6 billion yuan: by category, short-term loans and long and medium-term loans increased by 233.4 billion yuan and 263.4 billion yuan respectively while bill financing decreased by 71.2 billion yuan. Outstanding foreign currency loans registered USD 468.5 billion, up 17.8% year on year. Foreign currency loans increased by USD5 billion in February.
 
3. RMB deposits and foreign currency deposits increase by 1.31 trillion yuan and USD3.5 billion respectively
At end-February, outstanding RMB and foreign currency deposits totaled 74.10 trillion yuan, up 17.2% year on year. RMB and foreign currency deposits rose by 1.33 trillion yuan in the month, 321.4 billion yuan larger than the increase in the same period last year. Outstanding RMB deposits registered 72.59 trillion yuan, rising by 17.6% year on year, up 0.2 percentage points from the end of last month but down 7.4 percentage points from the same period last year. RMB deposits rose by 1.31 trillion yuan in February, 333.4 billion yuan greater than the increase in the same period last year: By category, household deposits, deposits of non-financial enterprises and fiscal deposits increased by 240.1 billion yuan, 441.6 billion yuan and 338.1 billion yuan respectively. Outstanding foreign currency deposits rose by 4.5% year on year to USD228.6 billion. In February, foreign currency deposits increased by USD3.5 billion.
 
4. The interbank market sees brisk trading and market rates drop markedly

In February 2011, RMB transactions in the interbank market totaled 9.64 trillion yuan. The average daily turnover registered 602.4 billion yuan, increasing by 16.9% year on year.

In February, the monthly weighted average interbank lending rate stood at 2.73%, down 0.97 percentage points from the previous month. The monthly weighted average interest rate on bond pledged repos registered 3.02%, down 1.27 percentage points month on month.