PBoC released first half financial stats
(21 July 2015 – China) The People’s Bank of China (PBoC) released its interim financial statistics for the first half of the year on 17 July.
Data shows at the end of June the broad money supply (M2) stood at RMB133.34 trillion (A$29.11 trillion), an increase of 11.8 percent year-on-year.
The narrow money supply (M1) was at RMB35.61 trillion, up 4.3 percent year-on-year and the amount of currency in circulation (M0) was RMB5.86 trillion, increasing by 2.9 percent year-on-year.
The first half of 2015 saw a net money withdrawal of RMB165.5 billion.
Renminbi loans rose by RMB6.56 trillion and foreign currency loans by US$40.5 billion.
At end-June, outstanding RMB and foreign currency loans totalled RMB94.43 trillion, up 12.5 percent year-on-year.
Outstanding RMB loans grew by 13.4 percent year-on-year to RMB88.79 trillion.
In H1, RMB loans increased by RMB6.56 trillion, RMB537.1 billion more than the growth in the same period last year.
By sector, household loans rose by RMB1.95 trillion, surpassing the growth in the same period last year by RMB75.1 billion, with short-term loans and medium and long-term (MLT) loans increasing by RMB617.1 billion and RMB1.34 trillion, respectively.
Loans to non-financial enterprises, government agencies and organisations rose by RMB4.62 trillion, RMB766.8 billion more than the growth in the same period last year, with short-term loans, MLT loans and bill financing increasing by RMB1.24 trillion, RMB2.33 trillion and RMB869.2 billion, respectively.
Loans to non-banking financial institutions fell by RMB44.5 billion yuan.
At end-June, outstanding foreign currency loans stood at US$921.1 billion, up 0.7 percent year-on-year.
RMB deposits increased by RMB11.09 trillion and foreign currency deposits by US$71 billion
At end-June, the outstanding amount of RMB and foreign currency deposits was RMB136.0 trillion, up 10.6 percent year-on-year.
RMB deposits recorded an outstanding amount of RMB131.83 trillion yuan, rising by 10.7 percent year-on-year.
In H1, RMB deposits rose by RMB11.09 trillion, RMB375.6 billion less than the growth in the same period last year.
Specifically, household deposits, deposits of non-financial enterprises, fiscal deposits and deposits of non-banking financial institutions climbed by RMB3.08 trillion, RMB2.08 trillion, RMB524.4 billion and RMB4.16 trillion, respectively.
At end-June, the outstanding amount of foreign currency deposits was US$681.5 billion, up 8.8 percent year-on-year.
In H1, foreign currency deposits increased by US$71 billion, US$55.2 billion less than the growth in the same period last year.
In H1, lending in foreign currencies rose by US$40.5 billion, US$74.5 billion less than the increase in the same period a year earlier.
In H1 2015, 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 RMB3 trillion, RMB371.1 billion, RMB167 billion and RMB486.6 billion, respectively.
In June, the monthly weighted average interbank lending rate stood at 1.44 percent, up 0.02 percentage points from the previous month but down 1.41 percentage points from the same period last year.
The monthly weighted average interest rate on bond pledged repo was 1.41 percent, up 0.11 percentage points from the previous month but down 1.48 percentage points from the same period last year.