OREANDA-NEWS. October 01, 2014. 1. Broad money and narrow money rose by 12.8 percent and 5.7 percent respectively
At end-August, broad money (M2) stood at 119.75 trillion yuan, increasing by 12.8 percent year-on-year,down 0.7 percentage points from a month earlier and 1.9 percentage points from the same period last year. Narrow money (M1) registered 33.20 trillion yuan, rising by 5.7 percent year-on-year, down 1.0 percentage point from a month earlier and 4.2 percentage points from the same period last year. Currency in circulation (M0) posted 5.80 trillion yuan, increasing by 5.6 percent year-on-year. The month saw a net money injection of 65.1 billion yuan.

2. RMB loans increased by 702.5 billion yuan while lending in foreign currencies decreased by USD3.3 billion

At end-August, outstanding RMB and foreign currency loans registered 83.94 trillion yuan, up 13.2 percent year-on-year. Outstanding RMB loans grew by 13.3 percent year-on-year to 78.72 trillion yuan, down 0.1 percentage points from a month earlier and 0.8 percentage points from the same period last year. RMB loans registered an increase of 702.5 billion yuan in August, 10.3 billion yuan less than the growth in the same period last year. By sector, household loans rose by 272.9 billion yuan, with short-term loans and medium and long-term (MLT) loans increasing by 83.9 billion and 189 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 429 billion yuan, with short-term loans decreasing by 69 billion yuan, and MLT loans and bill financing increasing by 240.8 billion and 236.7 billion yuan respectively. At end-August, outstanding foreign currency loans registered USD 846.6 billion, up 12.7 percent year-on-year. In August, foreign currency loans dropped by USD 3.3 billion.

3. RMB deposits and foreign currency deposits grew by 108 billion yuan and US\\$15.4 billion respectively

At end-August, the outstanding amount of RMB and foreign currency deposits posted 115.58 trillion yuan, up 11.0 percent year-on-year. RMB deposits recorded an outstanding amount of 111.73 trillion yuan, rising by 10.1 percent year-on-year, down 0.8 percentage points from a month earlier and 4.8 percentage points from the same period last year. RMB deposits increased by 108 billion yuan in August, 699.5 billion yuan less than the growth in the same period last year. Specifically, household deposits dropped by 230.5 billion yuan while deposits of non-financial enterprises and fiscal deposits rose by 34.1 billion and 99.2 billion yuan respectively. At end-August, the outstanding amount of foreign currency deposits was USD 624.1 billion, up 43.6 percent year-on-year. Foreign currency deposits increased by USD 15.4 billion in August.

4. The monthly weighted average interbank lending rate stood at 3.17 percent and the monthly weighted average interest rate on bond pledged repo posted 3.11 percent

In August, lending, spot trading and bond repo transactions in the interbank RMB market totaled 26.15 trillion yuan. The average daily turnover posted 1.25 trillion yuan, up 64.9 percent year-on-year.

In August, the monthly weighted average interbank lending rate stood at 3.17 percent, down 0.24 and 0.27 percentage points from the previous month and the same period last year respectively. The monthly weighted average interest rate on bond pledged repo registered 3.11 percent, down 0.30 and 0.34 percentage points from the previous month and the same period last year respectively.

5. RMB cross-border trade settlement and RMB settlement of direct investment reached 457.2 billion and 58.7 billion yuan respectively

In August, RMB settlement of cross-border trade in goods, cross-border trade in services and other current account items, outward FDI and inward FDI amounted to 407.5 billion, 49.7 billion, 7 billion and 51.7 billion yuan respectively.

Notes:
1. Data for the current period are preliminary figures.
2. Since October 2011, monetary aggregates have included deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions.
3. Starting from August 2014, re-exports are removed from trade in services statistics to be included in trade in goods, reducing the former and expanding the latter correspondingly.