OREANDA-NEWS. December 30, 2013. 1. Broad money and narrow money rose by 14.2 percent and 9.4 percent respectively

At end-November, broad money (M2) stood at 107.93 trillion yuan, increasing by 14.2 percent year-on-year,down 0.1 percentage points from a month earlier but up 0.3 percentage points from the same period last year. Narrow money (M1) registered 32.48 trillion yuan, rising by 9.4 percent year-on-year, up 0.5 percentage points from a month earlier and 3.9 percentage points from the same period last year. Currency in circulation (M0) posted 5.64 trillion yuan, increasing by 7.7 percent year-on-year. A net money injection of 84.6 billion yuan was recorded for the month.

2. RMB loans and foreign currency loans increased by 624.6 billion yuan and US\\$2 billion respectively in November

At end-November, outstanding RMB and foreign currency loans registered 76.13 trillion yuan, up 14.2 percent year-on-year. Outstanding RMB loans grew by 14.2 percent year-on-year to 71.41 trillion yuan, the same pace as that recorded a month earlier but a deceleration of 1.5 percentage points from the same period last year. RMB loans registered an increase of 624.6 billion yuan in November, 102.6 billion yuan more than the growth in the same period last year.

By sector, household loans rose by 261.5 billion yuan, with short-term loans and medium and long-term (MLT) loans increasing by 79.7 billion and 181.8 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 363.9 billion yuan, with short-term loans, MLT loans and bill financing increasing by 240.7 billion, 85.8 billion and 19.1 billion yuan respectively. In January-November, RMB loans grew by 8.41 trillion yuan, up 660 billion yuan year-on-year. At end-November, outstanding foreign currency loans registered USD 768.6 billion, up 16.5 percent year-on-year. In November, foreign currency loans rose by USD 2 billion.

3. RMB deposits and foreign currency deposits grew by 547.2 billion yuan and USD 3 billion respectively in November

At end-November, the outstanding amount of RMB and foreign currency deposits registered 105.99 trillion yuan, up 14.2 percent year-on-year. RMB deposits recorded an outstanding amount of 103.23 trillion yuan, rising by 14.5 percent year-on-year, unchanged from a month earlier but up 1.1 percentage points from the same period last year. RMB deposits increased by 547.2 billion yuan in November, 73.3 billion yuan more than that recorded for the same period last year. Specifically, household deposits and deposits of non-financial enterprises rose by 94 billion and 387.7 billion yuan respectively while fiscal deposits dropped by 43.5 billion yuan. In January-November, RMB deposits climbed by 11.41 trillion yuan, up 2.18 trillion yuan year-on-year. At end-November, the outstanding amount of foreign currency deposits was US\\$449.1 billion, up 8.0 percent year-on-year. Foreign currency deposits increased by US\\$3 billion in November.

4. The monthly weighted average interbank lending rate and average interest rate on bond pledged repo both stood at 4.12 percent

In November, lending, spot trading and bond repo transactions in the interbank RMB market totaled 18.81 trillion yuan. The average daily turnover posted 895.6 billion yuan, down 14.7 percent year-on-year.

The monthly weighted average interbank lending rate for November stood at 4.12 percent, up 0.29 percentage points from the previous month and 1.55 percentage points from the same period last year. The monthly weighted average interest rate on bond pledged repo registered 4.12 percent, up 0.26 percentage points from the previous month and 1.57 percentage points from the same period last year.

5. RMB cross-border trade settlement and RMB settlement of direct investment reached 506.4 billion and 43.1 billion yuan respectively in November

In November, RMB settlement in cross-border trade in goods, cross-border trade in services and other current accounts, outbound FDI and inbound FDI amounted to 341.4 billion, 165 billion, 10.8 billion and 32.3 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.