OREANDA-NEWS. May 27, 2011.
1. Broad money rises by 15.3%
At end-April, broad money (M2) stood at 75.73 trillion yuan, increasing by 15.3% year-on-year, down 1.3 and 6.2 percentage points from the end of last month and the same period last year respectively; narrow money (M1) registered 26.68 trillion yuan, rising by 12.9% year-on-year, down 2.1 and 18.4 percentage points from the end of last month and the same period last year respectively; currency in circulation (M0) posted 4.55 trillion yuan, up 14.7% year-on-year. April recorded a net money injection of 64.4 billion yuan, with money injections and withdrawals going on as usual, reported the press-centre of Peoples Bank of China.

2. RMB loans and foreign currency loans increase by 739.6 billion yuan and USD 7.5 billion respectively
At end-April, outstanding RMB and foreign currency loans totalled 53.37 trillion yuan, up 17.2% year-on-year. Outstanding RMB loans registered 50.21 trillion yuan, up 17.5% year-on-year, decelerating by 0.4 and 4.5 percentage points from the end of last month and the same period last year respectively. RMB loans registered a monthly increase of 739.6 billion yuan, 20.8 billion yuan less than the growth in the same period last year. By sector, loans to households rose by 247 billion yuan, with short-term loans and long and medium-term loans increasing by 104.9 billion yuan and 142.1 billion yuan respectively; loans to non-financial enterprises and other sectors expanded by 492.9 billion yuan, with short-term loans, long and medium-term loans and bill financing increasing by 203.4 billion yuan, 234.1 billion yuan and 39.5 billion yuan respectively. Outstanding foreign currency loans registered USD 485.1 billion, up 17.6% year-on-year. Foreign currency loans increased by USD 7.5 billion in April, up USD 2.4 billion year-on-year.
 
3. RMB deposits and foreign currency deposits increase by 337.7 billion yuan and USD 1 billion respectively
At end-April, the outstanding balance of RMB and foreign currency deposits totalled 77.17 trillion yuan, up 17.1% year-on-year. RMB deposits registered an outstanding balance of 75.62 trillion yuan, rising by 17.3% year-on-year, down 1.7 and 4.7 percentage points from the end of last month and the same period last year respectively. RMB deposits rose by 337.7 billion yuan in April, 832.5 billion yuan less than the increase in the same period last year. Specifically, household deposits registered a net fall of 467.8 billion yuan while deposits of non-financial enterprises and fiscal deposits increased by 351.9 billion yuan and 410.1 billion yuan respectively. The outstanding balance of foreign currency deposits rose by 14.3% year-on-year to USD 237.9 billion. In April, foreign currency deposits increased by USD 1 billion, up USD 9.4 billion year-on-year.
 
4. The interbank market sees brisk trading and market rates go up

In April, RMB trading in the interbank market amounted to 16.84 trillion yuan. The average daily turnover registered 841.8 billion yuan, increasing by 190 billion yuan, or 29.2%, year-on-year.

In April, the monthly weighted average interbank lending rate stood at 2.16%, up 0.23 percentage points from the previous month. The monthly weighted average interest rate on bond pledged repos registered 2.22%, up 0.24 percentage points month-on-month.

Note: The 92.4 billion yuan of past policy-related loans, written off in March 2011, has been deducted from outstanding loans.