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Balance of China\'s yuan loans up in July
BEIJING,Aug.12(Xinhua)--The balance of China\'s yuan-denominated loans increased by 679 billion yuan(about 100.7 billion U.S.dollars)in July,central bank data showed Friday.
The figure decreased by 404.2 billion yuan from the same period last year,according to the People\'s Bank of China.
The M2,a broad measure of money supply that covers cash in circulation and all deposits,increased 12 percent year on year to 257.81 trillion yuan at the end of last month.
The growth rate was 0.6 percentage points higher than the figure seen at the end of June,and was 3.7 percentage points higher than that during the same period last year.
The M1,which covers cash in circulation plus demand deposits,stood at 66.18 trillion yuan at the end of July.It was up by 6.7 percent year on year.
The M0,the amount of cash in circulation,went up by 13.9 percent from a year ago to 9.65 trillion yuan at the end of last month.
Newly added social financing,a measurement of funds that individuals and non-financial firms receive from the financial system,came in at 756.1 billion yuan last month,down 319.1 billion yuan from the same period last year.
Total new social financing in the first seven months of this year amounted to 21.77 trillion yuan,up 2.89 trillion yuan from the same period a year ago.
Source：xinhua
Release Time：2022-08-13 15:12:49
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