BUSINESS China's new yuan loans rise in July


China's new yuan loans rise in July


22:30, August 13, 2018

BEIJING, Aug. 13 (Xinhua) -- China's new yuan-denominated loans stood at 1.45 trillion yuan ($211 billion) in July, up 627.8 billion yuan year on year, central bank data showed Monday.


File photos: VCG

The amount of new yuan loans was down from 1.84 trillion yuan in June, but was generally in line with the monthly average in the first half, about 1.5 trillion yuan.

New loans to households, mainly used for home purchases, stood at 634.4 billion yuan, while new loans to non-financial enterprises, government agencies and organizations hit 650.1 billion yuan, the People's Bank of China said in an online statement.

Total outstanding yuan loans at the end of July rose 13.2 percent to 130.61 trillion yuan.

The M2, a broad measure of the money supply that covers cash in circulation and all deposits, rose 8.5 percent year-on-year to 177.62 trillion yuan at the end of July.

The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 5.1 percent year-on-year to 53.66 trillion yuan.

Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, was 1.04 trillion yuan in July, down 124.2 billion yuan year on year.  

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue