OREANDA-NEWS. April 02, 2013.
1. Broad money and narrow money rose by 15.2 percent and 9.5 percent respectively

At end-February, broad money (M2) stood at 99.86 trillion yuan, increasing by 15.2 percent year-on-year,down 0.7 percentage points from a month earlier but up 2.2 percentage points from the same period last year. Narrow money (M1) registered 29.61 trillion yuan, rising by 9.5 percent year-on-year, down 5.8 percentage points from a month earlier but up 5.2 percentage points from the same period last year. Currency in circulation (M0) posted 6.03 trillion yuan, increasing by 17.2 percent year-on-year. February saw a net money withdrawal of 213.6 billion yuan.

2. RMB loans and foreign currency loans increased by 620 billion yuan and USD18.3 billion respectively in February

At end-February, outstanding RMB and foreign currency loans registered 69.28 trillion yuan, up 16.1 percent year-on-year. Outstanding RMB loans grew by 15.0 percent year-on-year to 64.70 trillion yuan, decelerating by 0.4 percentage points from a month earlier and by 0.2 percentage points from the same period last year. RMB loans registered an increase of 620 billion yuan in February, 90.7 billion yuan less than the growth in the same period last year. By sector, household loans rose by 121.3 billion yuan, with short-term loans decreasing by 17 billion yuan and medium and long-term (MLT) loans increasing by 138.3 billion yuan; loans to non-financial enterprises and other sectors rose by 499.4 billion yuan, with short-term loans, MLT loans and bill financing increasing by 181.4 billion, 282.6 billion and 18.1 billion yuan respectively. At end-February, outstanding foreign currency loans registered US\\$730.3 billion, up 34.1 percent year-on-year. In February, foreign currency loans increased by US\\$18.3 billion. In the January-February period, RMB loans grew by 1.69 trillion yuan, up 243.3 billion yuan year-on-year.

3. RMB deposits and foreign currency deposits rose by 773.7 billion yuan and USD 7.6 billion in February

At end-February, the outstanding amount of RMB and foreign currency deposits registered 96.33 trillion yuan, up 15.1 percent year-on-year. RMB deposits recorded an outstanding amount of 93.71 trillion yuan, rising by 14.6 percent year-on-year, down 1.4 percentage points from a month earlier but up 2.0 percentage points from the same period last year. RMB deposits rose by 773.7 billion yuan in February, 827.6 billion yuan less than that recorded for the same period last year. Specifically, household deposits and fiscal deposits increased by 1.77 trillion and 24.5 billion yuan respectively while deposits of non-financial enterprises dropped by 939.1 billion yuan. At end-February, the outstanding amount of foreign currency deposits was US\\$417.9 billion, up 31.9 percent year-on-year. Foreign currency deposits rose by US\\$7.6 billion in February. In the January-February period, RMB deposits rose by 1.89 trillion yuan, up 1.08 trillion yuan year-on-year.

4. The monthly weighted average interbank lending rate for February stood at 2.77 percent and the monthly weighted average interest rate on bond pledged repo posted 2.89 percent

In February, RMB lending, spot trading and bond repo transactions in the interbank market totaled 18.15 trillion yuan. The average daily turnover posted 1.07 trillion yuan, up 21.9 percent year-on-year.

The monthly weighted average interbank RMB lending rate for February stood at 2.77 percent, up 0.50 percentage points from the previous month but down 0.61 percentage points from the same period last year. The monthly weighted average interest rate on bond pledged repo registered 2.89 percent, up 0.64 percentage points from the previous month but down 0.69 percentage points from the same period last year.

5. RMB cross-border trade settlement and RMB settlement of direct investment reached 265.5 billion and 16.3 billion yuan respectively in February

In February 2013, RMB settlement in cross-border trade in goods, cross-border trade in services and other current accounts, outbound FDI and inbound FDI amounted to 187.1 billion, 78.4 billion, 800 million and 15.5 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.