OREANDA-NEWS. January 24, 2014. 1. Broad money and narrow money rose by 13.6 percent and 9.3 percent respectively at the year-end

At end-2013, broad money (M2) stood at 110.65 trillion yuan, increasing by 13.6 percent year-on-year, down 0.6 percentage points from end-November and 0.2 percentage points from end-2012. Narrow money (M1) registered 33.73 trillion yuan, rising by 9.3 percent year-on-year, down 0.1 percentage points from end-November but up 2.8 percentage points from end-2012. Currency in circulation (M0) posted 5.86 trillion yuan, increasing by 7.1 percent year-on-year. The full year saw a net money input of 389.9 billion yuan.

2. RMB loans and foreign currency loans increased by 8.89 trillion yuan and USD93.5 billion respectively for the full year

At end-2013, outstanding RMB and foreign currency loans totaled 76.63 trillion yuan, up 13.9 percent year-on-year. Outstanding RMB loans rose by 14.1 percent year-on-year to 71.90 trillion yuan, a deceleration of 0.1 percentage points from end-November and 0.9 percentage points from end-2012. RMB loans registered a full-year increase of 8.89 trillion yuan, up 687.9 billion yuan year-on-year.

By sector, loans to households rose by 3.71 trillion yuan, with short-term loans and medium and long-term (MLT) loans increasing by 1.46 trillion and 2.25 trillion yuan respectively; loans to non-financial enterprises and other sectors rose by 5.17 trillion yuan, with short-term loans and MLT loans increasing by 2.73 trillion and 2.34 trillion yuan respectively and bill financing decreasing by 89.6 billion yuan.. In December, RMB loans grew by 482.5 billion yuan, up 27.9 billion yuan year-on-year. At end-2013, outstanding foreign currency loans registered USD 776.9 billion, up 13.7 percent year-on-year. Foreign currency loans increased by USD 93.5 billion for the full year.

3. RMB deposits and foreign currency deposits rose by 12.56 trillion yuan and USD 28.4 billion respectively for the full year

At end-2013, the outstanding amount of RMB and foreign currency deposits registered 107.06 trillion yuan, up 13.5 percent year-on-year. RMB deposits registered an outstanding amount of 104.38 trillion yuan, rising by 13.8 percent year-on-year, a deceleration of 0.7 percentage points from end-November but an acceleration of 0.4 percentage points from end-2012. RMB deposits rose by 12.56 trillion yuan for the full year, up 1.74 trillion yuan year-on-year. Specifically, household deposits, deposits of non-financial enterprises and fiscal deposits increased by 5.49 trillion, 3.50 trillion and 576.8 billion yuan respectively. In December,RMB deposits increased by 1.15 trillion yuan, down 445.8 billion yuan year-on-year. At end-2013, the outstanding amount of foreign currency deposits was USD 438.6 billion, up 7.9 percent year-on-year. Foreign currency deposits recorded a full-year rise of USD 28.4 billion.

4. The monthly weighted average interbank lending rate for December stood at 4.16 percent and the monthly weighted average interest rate on bond pledged repo posted 4.28 percent

Lending, spot trading and bond repo transactions in the interbank RMB market totaled 235.29 trillion yuan for the full year. The average daily turnover posted 941.2 billion yuan, down 11.1 percent year-on-year.

The monthly weighted average interbank RMB lending rate for December stood at 4.16 percent, up 0.04 percentage points from the previous month and 1.55 percentage points from the same period a year earlier. The monthly weighted average interest rate on bond pledged repo registered 4.28 percent, rising by 0.16 and 1.66 percentage points from the previous month and the same period a year earlier respectively.

5. Official foreign exchange reserves stood at USD 3.82 trillion

At end-2013, China’s foreign exchange reserves stood at USD 3.82 trillion and the RMB exchange rate was 6.0969 yuan per US dollar.

6. RMB cross-border trade settlement and RMB settlement of direct investment reached 4.63 trillion and 533.7 billion yuan respectively for the full year

In 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 3.02 trillion, 1.61 trillion, 85.6 billion and 448.1 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.