BEIJING, April 13 (Xinhua) -- China's yuan-denominated loans rose 8.6 trillion yuan (about 1.25 trillion U.S. dollars) in the first quarter (Q1) of 2026, central bank data showed on Monday.

At the end of March, outstanding yuan loans stood at 280.51 trillion yuan, up 5.7 percent year on year, according to the People's Bank of China.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, had increased by 8.5 percent year on year to 353.86 trillion yuan by the end of last month.

The M1, which covers cash in circulation, demand deposits and client reserves of non-bank payment institutions, reached 119.32 trillion yuan at the end of March, up 5.1 percent year on year.

Monday's data also revealed that the outstanding aggregate financing to the real economy had stood at 456.46 trillion yuan at the end of last month, growing 7.9 percent year on year.

The aggregate financing to the real economy was 14.83 trillion yuan in Q1, which was 354.5 billion yuan less than the same period last year.

Yuan deposits rose by 13.73 trillion yuan in Q1, with outstanding yuan deposits increasing 8.6 percent year on year to 342.41 trillion yuan by the end of March.

China will continue to apply an appropriately accommodative monetary policy in 2026, according to this year's government work report.