OREANDA-NEWS. September 18, 2013. 1. Broad money and narrow money rose by 14.7 percent and 9.9 percent respectively

At end-August, broad money (M2) stood at 106.12 trillion yuan, increasing by 14.7 percent year-on-year,up 0.2 percentage points from a month earlier and 1.2 percentage points from the same period last year. Narrow money (M1) registered 31.41 trillion yuan, rising by 9.9 percent year-on-year, up 0.2 percentage points from a month earlier and 5.4 percentage points from the same period last year. Currency in circulation (M0) posted 5.49 trillion yuan, increasing by 9.3 percent year-on-year. August saw a net money injection of 51.3 billion yuan.

2. RMB loans increased by 711.3 billion yuan in August while foreign currency loans decreased by USD 5.8 billion

At end-August, outstanding RMB and foreign currency loans registered 74.13 trillion yuan, up 14.6 percent year-on-year. Outstanding RMB loans grew by 14.1 percent year-on-year to 69.49 trillion yuan, decelerating by 0.2 percentage points from a month earlier and by 2.0 percentage points from the same period last year. RMB loans registered an increase of 711.3 billion yuan in August, 7.4 billion yuan more than the growth in the same period last year. By sector, household loans rose by 338.7 billion yuan, with short-term loans and medium and long-term (MLT) loans increasing by 147.9 billion and 190.8 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 373.2 billion yuan, with short-term loans and MLT loans increasing by 146.4 billion and 231.2 billion yuan respectively and bill financing decreasing by 12.5 billion yuan. In the January-August period, RMB loans grew by 6.49 trillion yuan, up 391.2 billion yuan year-on-year. At end-August, outstanding foreign currency loans registered US\\$751.3 billion, up 26.2 percent year-on-year. In August, foreign currency loans dropped by USD 5.8 billion.

3. RMB deposits and foreign currency deposits rose by 805.2 billion yuan and USD 10 billion respectively in August

At end-August, the outstanding amount of RMB and foreign currency deposits registered 104.14 trillion yuan, up 14.5 percent year-on-year. RMB deposits recorded an outstanding amount of 101.46 trillion yuan, rising by 14.9 percent year-on-year, up 0.3 percentage points from a month earlier and 2.7 percentage points from the same period last year. RMB deposits increased by 805.2 billion yuan in August, 300.8 billion yuan more than that recorded for the same period last year. Specifically, household deposits, deposits of non-financial enterprises and fiscal deposits rose by 86.2 billion, 344.1 billion and 139.8 billion yuan respectively. In the January-August period, RMB deposits climbed by 9.64 trillion yuan, up 2.26 trillion yuan year-on-year. At end-August, the outstanding amount of foreign currency deposits was USD 434.5 billion, up 4.7 percent year-on-year. Foreign currency deposits increased by USD 10 billion in August.

4. The monthly weighted average interbank lending rate for August stood at 3.44 percent and the monthly weighted average interest rate on bond pledged repo posted 3.45 percent

In August, lending, spot trading and bond repo transactions in the interbank RMB market totaled 16.61 trillion yuan. The average daily turnover posted 755 billion yuan, down 28.4 percent year-on-year.

The monthly weighted average interbank lending rate for August stood at 3.44 percent, down 0.10 percentage points from the previous month but up 0.60 percentage points from the same period last year. The monthly weighted average interest rate on bond pledged repo registered 3.45 percent, down 0.15 percentage points from the previous month but up 0.58 percentage points from the same period last year.

5. RMB cross-border trade settlement and RMB settlement of direct investment reached 352.1 billion and 49 billion yuan respectively in August

In August 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 224.2 billion, 127.9 billion, 21.3 billion and 27.7 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.