China's yuan loans grow by 5.13 trillion yuan in January

China's yuan-denominated loans rose by 5.13 trillion yuan ($706.77 billion) in January, central bank data showed on Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 7 percent year on year to 318.52 trillion yuan at the end of January, according to the People's Bank of China.

Newly added social financing, a measure of funds the real economy receives from the financial system, reached 7.06 trillion yuan in January, up 583.3 billion yuan compared to the same period in 2024, bringing China's total social financing to 415.2 trillion yuan.

Meanwhile, China's foreign exchange reserves stood at $3.2 trillion at the end of January.