- Thursday 2010-03-11 12:44
Broad money supply (M2) totaled 63.6 trillion yuan as of end February 2010, an increase of 25.52 percent year-on-year, according to data released by the People’s Bank of China (PBOC). The rate of increase was down 0.56 percent from end January.
Narrow money supply (M1) hit 22.43 trillion yuan, an increase of 34.99 percent year-on-year. The rate of increase was down 3.97 percentage points from end January.
Cash in circulation (M0) rose 21.98 percent year-on-year to 4.29 trillion yuan as of end February.
Net cash injected in February totaled 210.7 billion yuan, an increase of 804.8 billion yuan year-on-year.
Foreign currency and yuan-denominated loans increased by 766.5 billion yuan in February, with yuan-denominated loans and foreign currency loans up by 700.1 billion yuan and $9.7 billion respectively.
As of end February, outstanding yuan-denominated and foreign currency loans by financial institutions totaled 44.79 trillion yuan, up 29.29 percent year-on-year.
Yuan and foreign currency deposits increased by 975.8 billion yuan in February, with yuan-denominated and foreign currency deposits up by 958.9 billion yuan and $2.5 billion.
As of end February, outstanding yuan-denominated and foreign currency deposits of financial institutions totaled 63.69 trillion yuan, representing an increase of 24.5 percent year-on-year.
Yuan transactions on the inter-bank lending market hit 8.76 trillion yuan in February. The average daily turnover was 515.1 billion yuan, up 6.27 percent or 30.4 billion yuan year-on-year.
The average weighted inter-bank lending rate in February was 1.52 percent, up 0.36 percentage point from the previous month.
The average weighted pledged bond repo rate in February was 1.55 percent, up 0.36 percentage point month-on-month.
