Business
18:04, 11-Dec-2018
China's new yuan loans expand in November
Updated
17:20, 14-Dec-2018
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China's new yuan-denominated loans stood at 1.25 trillion yuan (about 181 billion U.S. dollars) in November, up by 44.2 percent from October, official data showed Tuesday.
The amount was 126.7 billion yuan more than in November 2017, the People's Bank of China said in a statement on its website.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose eight percent year on year to 181.32 trillion yuan at the end of last month, according to the PBOC.
The M1, the narrow measure of money supply, which covers cash in circulation plus demand deposits, rose 1.5 percent year on year to 54.35 trillion yuan at the end of November.
The M0, the amount of cash in circulation, rose 2.8 percent to 7.06 trillion yuan.
Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 1.52 trillion yuan last month, down 394.8 billion yuan year on year.