OREANDA-NEWS. September 05, 2011.
1. Broad money and narrow money rose by 14.7% and 13.1% respectively
At end-July, broad money (M2) stood at 77.29 trillion yuan, increasing by 14.7% year on year, down 1.2 and 2.9 percentage points from the end of the previous month and the same period last year respectively. Narrow money (M1) registered 27.06 trillion yuan, rising by 11.6% year on year, down 1.5 and 11.3 percentage points from the end of the previous month and the same period last year respectively. Currency in circulation (M0) posted 4.52 trillion yuan, up 14.3% year on year. A net cash injection of 70.5 billion yuan was recorded for July, up 6.7 billion yuan year-on-year, reported the press-centre of Peoples Bank of China.

2. RMB loans and foreign currency loans increased by 492.6 billion yuan and US\\$100 million respectively

At end-July, outstanding RMB and foreign currency loans totalled 55.13 trillion yuan, up 16.7% year on year. Outstanding RMB loans registered 51.90 trillion yuan, up 16.6% year on year, decelerating by 0.3 and 1.8 percentage points from the end of the previous month and the same period last year respectively. RMB loans registered a monthly increase of 492.6 billion yuan, 25.2 billion yuan less than the growth in the same period last year. By sector, loans to households rose by 176.2 billion yuan, with short-term loans and long and medium-term loans increasing by 54.1 billion yuan and 122.1 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 315.7 billion yuan, with short-term loans, long and medium-term loans and bill financing increasing by 131.3 billion yuan, 104.2 billion yuan and 65.3 billion yuan respectively. Outstanding foreign currency loans registered US\\$502 billion, up 23.9% year on year. Foreign currency loans increased by US\\$100 million in July.
 
3. RMB deposits and foreign currency deposits decreased by 668.7 billion yuan and US\\$8.7 billion respectively
At end-July, the outstanding balance of RMB and foreign currency deposits totalled 79.57 trillion yuan, up 16.1% year on year. RMB deposits registered an outstanding balance of 77.97 trillion yuan, rising by 16.3% year-on-year, down 1.3 and 2.2 percentage points from the end of the previous month and the same period last year respectively. RMB deposits fell by 668.7 billion yuan in July, 816.6 billion yuan less than the increase in the same period last year. Specifically, household deposits and deposits of non-financial enterprises decreased by 665.6 billion yuan and 405.7 billion yuan respectively while fiscal deposits increased by 459.2 billion yuan. The outstanding balance of foreign currency deposits rose by 12.3% year on year to US\\$247.7 billion. Foreign currency deposits recorded a monthly drop of US\\$8.7 billion.
 
4. The interbank market saw active trading and market rates edged down

In July, RMB trading in the interbank market amounted to 18.33 trillion yuan. The average daily turnover registered 872.7 billion yuan, increasing by 89.3 billion yuan, or 11.4%, year on year.

In July, the monthly weighted average interbank lending rate stood at 4.44%, down 0.12 percentage points from the previous month. The monthly weighted average interest rate on bond pledged repos registered 4.61%, down 0.33 percentage points from June.

Note: The outstanding loans have deducted the 92.4 billion yuan of past policy-related loans which were written off in March 2011.