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PBoC releases April financial statistics

PBoC releases April financial statistics

(28 May 2015 – China) The People’s Bank of China (PBoC) released its financial statistics for April on 25 May, showing a rise in renminbi (RMB) loans and deposits.

At the end of April, outstanding RMB and foreign currency loans totalled RMB 92.24 trillion (A$19.03 trillion), up 13.4 percent year-on-year.

Outstanding RMB loans grew by 14.1 percent year-on-year to RMB 86.61 trillion, up 0.1 percentage points from a month earlier and 0.3 percentage points from the same period last year.

RMB loans increased by RMB 707.9 billion in April, RMB 185.5 billion more than the growth in the same period last year.

By sector, household loans rose by RMB 292.3 billion, with short-term loans and medium and long-term (MLT) loans increasing by RMB 135.6 billion and RMB 156.8 billion, respectively; loans to non-financial enterprises, government agencies and organizations rose by RMB 510 billion, with short-term loans, MLT loans and bill financing increasing by RMB 70.4 billion, RMB 277.6 billion and RMB 136.1 billion, respectively; loans to non-banking financial institutions dropped by RMB 93.1 billion.

At end-April, outstanding foreign currency loans stood at US$919.8 billion (A$1176.5 billion), up 3.4 percent year-on-year.

In April, foreign currency loans grew by US$5.2 billion.

At end-April, the outstanding amount of RMB and foreign currency deposits was RMB 129.9 trillion, up 10.0 percent year-on-year.

RMB deposits recorded an outstanding amount of RMB 125.76 trillion, rising by 9.7 percent year-on-year, down 0.4 percentage points from a month earlier and 4.6 percentage points from the same period last year.

RMB deposits rose by RMB 871.1 billion in April, RMB 300.9 billion less than the growth in the same period last year.

At end-April, the outstanding amount of foreign currency deposits was US$676.7 billion, up 18.7 percent year-on-year.

Foreign currency deposits dipped by US$17.3 billion in April.

The PBoC said in April, lending, spot bond and bond repo transactions in the interbank RMB market totalled RMB 40.96 trillion.

The average daily turnover was RMB 1.95 trillion, up 73.0 percent year-on-year.

In April, the monthly weighted average interbank lending rate stood at 2.49 percent, down 1.20 percentage points from the previous month.

The monthly weighted average interest rate on bond pledged repo was 2.37 percent, down 1.24 percentage points from the previous month.

RMB settlement of cross-border trade in goods, cross-border trade in services and other current account items, outward FDI and inward FDI amounted to RMB 481.6 billion, RMB 57.5 billion, RMB 20 billion and RMB 80.3 billion, respectively.

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