OREANDA-NEWS. November 21, 2011.
1. Broad money and narrow money rose by 12.9 percent and 8.4 percent respectively
At end-October, broad money (M2) stood at 81.68 trillion yuan, increasing by 12.9 percent year-on-year. Narrow money (M1) registered 27.66 trillion yuan, rising by 8.4 percent year-on-year. Currency in circulation (M0) posted 4.66 trillion yuan, up 11.9 percent year-on-year. October recorded a net money withdrawal of 56.6 billion yuan, up 35.9 billion yuan year-on-year, reported the press-centre of PBC.

2. RMB loans and foreign currency loans increased by 586.8 billion yuan and USD6.5 billion respectively
At end-October, outstanding RMB and foreign currency loans totalled 56.85 trillion yuan, up 15.9 percent year-on-year. Outstanding RMB loans registered 53.50 trillion yuan, up 15.8 percent year-on-year, decelerating by 0.1 and 3.5 percentage points from the end of the previous month and the same period last year respectively. RMB loans registered a monthly increase of 586.8 billion yuan, surpassing the growth in the same period last year by 17.5 billion yuan. By sector, loans to households rose by 130.7 billion yuan, with short-term loans and long and medium-term loans increasing by 33.1 billion yuan and 97.6 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 454.8 billion yuan, with short-term loans and long and medium-term loans increasing by 278.7 billion yuan and 237 billion yuan respectively and bill financing decreasing by 70.1 billion yuan. Outstanding foreign currency loans registered US\\$530.4 billion at end-October, up 24.4 percent year-on-year. Foreign currency loans increased by US\\$6.5 billion in October.
 
3. RMB deposits fell by 201 billion yuan while foreign currency deposits rose by USD 7 billion
At end-October, the outstanding balance of RMB and foreign currency deposits totalled 80.87 trillion yuan, up 13.4 percent year-on-year. RMB deposits registered an outstanding balance of 79.21 trillion yuan, rising by 13.6 percent year-on-year, down 0.6 and 6.2 percentage points from the end of the previous month and the same period last year respectively. RMB deposits recorded a net decrease of 201 billion yuan in October, 361.8 billion yuan less than the increase in the same period last year. Specifically, household deposits recorded a net decrease of 727.2 billion yuan while deposits of non-financial enterprises and fiscal deposits increased by 86 billion yuan and 419 billion yuan respectively. The outstanding balance of foreign currency deposits was USD 262.6 billion at end-October, up 9.4 percent year-on-year. Foreign currency deposits recorded a monthly increase of USD 7 billion.
 
4. The interbank market rates was stable

In October, RMB trading in the interbank market amounted to 14.17 trillion yuan. The average daily turnover registered 787.5 billion yuan, down 8.8 percent year-on-year.

The weighted average interbank lending rate and the weighted average interest rate on bond pledged repos for October were both 3.75 percent, roughly the same with the previous month.

Notes:
1. Data for October are preliminary figures.

2. Outstanding loans exclude the 92.4 billion yuan of policy-related loans written off in March 2011.

3. Monetary aggregates include deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions.