OREANDA-NEWS.  September 20, 2012. 1. Broad money and narrow money rose by 13.5 percent and 4.5 percent respectively.

At end-August, broad money (M2) stood at 92.49 trillion yuan, increasing by 13.5 percent year-on-year,down 0.4 percentage points from end-July. Narrow money (M1) registered 28.57 trillion yuan, rising by 4.5 percent year-on-year, down 0.1 percentage points from end-July. Currency in circulation (M0) posted 5.02 trillion yuan, increasing by 9.7 percent year-on-year. August saw a net money injection of 53 billion yuan.

2. RMB loans and foreign currency loans increased by 703.9 billion yuan and US\\$11.7 billion respectively in August

At end-August, outstanding RMB and foreign currency loans totaled 64.66 trillion yuan, up 16.1 percent year-on-year. Outstanding RMB loans registered 60.89 trillion yuan, rising by 16.1 percent year-on-year, a pace 0.1 percentage points faster than end-July but 0.3 percentage points slower than the same period last year. RMB loans registered an increase of 703.9 billion yuan in August, up 155.5 billion yuan year-on-year. By sector, loans to households rose by 282.5 billion yuan, with short-term loans and medium and long-term loans increasing by 116.8 billion and 165.7 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 421.1 billion yuan, with short-term loans, medium and long-term loans and bill financing increasing by 150.1 billion, 120.3 billion and 131.4 billion yuan respectively. In the January-August period, RMB loans grew by 6.10 trillion yuan, up 887.2 billion yuan year-on-year. At end-August, outstanding foreign currency loans registered USD 595.1 billion, up 17.2 percent year-on-year. Foreign currency loans increased by USD 11.7 billion in August.

3. RMB deposits and foreign currency deposits rose by 504.4 billion yuan and US\\$2.6 billion respectively in August

At end-August, outstanding balances of RMB and foreign currency deposits totaled 90.94 trillion yuan, up 13.2 percent year-on-year. RMB deposits registered an outstanding balance of 88.31 trillion yuan, rising by 12.2 percent year-on-year, down 0.4 and 3.3 percentage points from end-July and the same period last year respectively. RMB deposits increased by 504.4 billion yuan in August, 202.2 billion yuan less than the growth in the same period last year. Specifically, household deposits, deposits of non-financial enterprises and fiscal deposits rose by 103 billion, 196.5 billion and 40.6 billion yuan respectively. In the January-August period,RMB deposits increased by 7.38 trillion yuan, up 3 billion yuan year-on-year. At end-August, the outstanding balance of foreign currency deposits was USD 415.1 billion, up 62.1 percent year-on-year. Foreign currency deposits recorded an increase of USD 2.6 billion in August.

4. The monthly weighted average interbank lending rate for August stood at 2.84 percent and the monthly weighted average interest rate on bond pledged repos posted 2.87 percent

In August, RMB lending, spot trading and bond repo transactions in the interbank market totaled 24.26 trillion yuan. The average daily turnover posted 1.05 trillion yuan, up 29.3 percent year-on-year.

The monthly weighted average interbank RMB lending rate for August stood at 2.84 percent, up 0.06 percentage points from the previous month. The monthly weighted average interest rate on bond pledged repos registered 2.87 percent, up 0.02 percentage points from the previous month.

5. RMB cross-border trade settlement and RMB settlement of direct investment reached 271 billion and 21.2 billion yuan respectively in August

In August 2012, RMB settlement in cross-border trade in goods, cross-border trade in services and other current accounts, outbound FDI and inbound FDI reached 190 billion, 81 billion, 1.2 billion and 20 billion yuan respectively.

Notes:
1. Data for the current period are preliminary figures.
2. As of October 2011, monetary aggregates have included deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions.