China's yuan-denominated loans rose by 10.44 trillion yuan ($1.54 trillion) in the first eight months of 2026, central bank data showed on Monday.

At the end of August, outstanding yuan loans stood at 282.35 trillion yuan, up 4.9% year on year, according to the People's Bank of China.

M2, a broad measure of money supply that covers cash in circulation and all deposits, had increased by 7.5% year on year to 356.81 trillion yuan by the end of last month.

M1, which covers currency in circulation, corporate demand deposits, personal demand deposits and provisions received by non-bank payment institutions, reached 115.77 trillion yuan at the end of August, a rise of 4.1% from a year earlier. 

(Cover via VCG)