OREANDA-NEWS. March 23, 2012.

1. Broad money and narrow money rose by 13.0 percent and 4.3 percent respectively

At end-February, broad money (M2) stood at 86.72 trillion yuan, increasing by 13.0 percent year-on-year,up 0.6 percentage points from end-January. Narrow money (M1) registered 27.03 trillion yuan, rising by 4.3 percent year-on-year, up 1.1 percentage points from end-January. Currency in circulation (M0) posted 5.14 trillion yuan, increasing by 8.8 percent year-on-year, up 5.8 percentage points from end-January. February recorded a net money withdrawal of 837.2 billion yuan, reported the press-centre of PBC.

2. RMB loans and foreign currency loans increased by 710.7 billion yuan and US\\$8.4 billion respectively

At end-February, outstanding RMB and foreign currency loans totaled 59.66 trillion yuan, up 15.0 percent year-on-year. Outstanding RMB loans registered 56.24 trillion yuan, up 15.2 percent year-on-year, accelerating by 0.2 percentage points from end-January while decelerating by 2.5 percentage points from the same period last year. RMB loans registered a monthly increase of 710.7 billion yuan, up 173 billion yuan year-on-year. By sector, loans to households rose by 65.3 billion yuan, with short-term loans and medium and long-term loans increasing by 32.8 billion yuan and 32.5 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 643.5 billion yuan, with short-term loans, medium and long-term loans and bill financing increasing by 337 billion yuan, 178.4 billion yuan and 110.6 billion yuan respectively. Outstanding foreign currency loans registered USD 544.4 billion, up 16.1 percent year-on-year. Foreign currency loans increased by USD 8.4 billion in February.
 
3. RMB deposits and foreign currency deposits rose by 1.60 trillion yuan and US\\$27.1 billion respectively

At end-February, outstanding balances of RMB and foreign currency deposits totaled 83.73 trillion yuan, up 13.0 percent year-on-year. RMB deposits registered an outstanding balance of 81.74 trillion yuan, rising by 12.6 percent year-on-year, up 0.2 percentage points from end-January, down 5.0 percentage points from the same period last year. RMB deposits rose by 1.60 trillion yuan in February, up 282.4 billion yuan year-on-year. Specifically, household deposits, deposits of non-financial enterprises and fiscal deposits rose by 164.4 billion yuan, 894.1 billion yuan and 121.8 billion yuan respectively. The outstanding balance of foreign currency deposits was USD 316.9 billion, up 38.7 percent year-on-year. Foreign currency deposits recorded a monthly increase of US\\$27.1 billion.
 
4. The monthly weighted average interbank lending rate stood at 3.38 percent and the monthly weighted average interest rate on bond pledged repos 3.58 percent

In February, RMB trading in the interbank market amounted to 18.40 trillion yuan. The average daily turnover registered 876.1 billion yuan, up 45.4 percent year-on-year.

The monthly weighted average interbank lending rate for February stood at 3.38 percent, down 0.99 percentage points from the previous month. The monthly weighted average interest rate on bond pledged repos registered 3.58 percent, down 1.10 percentage points from the previous month.

5. RMB cross-border trade settlement and RMB settlement of direct investment reached 190.7 billion yuan and 12 billion yuan respectively in February

In February 2012, RMB settlement in cross-border trade in goods, cross-border trade in services and other current accounts, outbound FDI and inbound FDI amounted to 133.6 billion yuan, 57.1 billion yuan, 400 million yuan and 11.6 billion yuan respectively.

Notes:
1. Data for February are preliminary figures.

2. Since October 2011, monetary aggregates have included deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions.