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The People’s Bank of China website, July 15In the first half of 2009, the People’s Bank of China implemented a moderately loose monetary policy in accordance with the unified arrangements of the Party Central Committee and the State Council, increased financial support for economic growth, and saw rapid growth in money and credit and abundant liquidity in the banking system.
The money supply rose by 28.46%.
At the end of June 2009, the balance of broad money supply (M2) was 56.89 trillion yuan, an increase of 28.46% year-on-year, an increase of 10.64 percentage points higher than the end of the previous year and 2.72 percentage points higher than the end of the previous month; the balance of narrow money supply (M1) was 19.32 trillion yuan, an increase of 24.79% year-on-year, an increase of 15.73 percentage points higher than the end of the previous year and 6.09 percentage points higher than the end of the previous month; the balance of money in circulation in the market (M0) was 3.36 trillion yuan, an increase of 11.46% year-on-year. In the first half of the year, the net return of cash was 57.80 billion yuan, and the year-on-year return was 63.90 billion yuan (the net investment in the same period last
Financial Institution Group Renminbi loans increased by 34.44%
At the end of June, the balance of various RMB loans of Financial Institution Group was 37.74 trillion yuan, an increase of 34.44% year-on-year, an increase of 15.71 percentage points higher than the end of the previous year and 3.83 percentage points higher than the end of the previous month. In the first half of the year, RMB loans increased by 7.37 trillion yuan, an increase of 4.92 trillion yuan year-on-year. From the perspective of sub-sectors: household loans increased by 1.0607 trillion yuan, an increase of 599 billion yuan year-on-year, of which short-term loans increased by 465.20 billion yuan; medium and long term loans increased by 595.50 billion yuan. Loans to non-financial companies and other sectors increased by 6.3096 trillion yuan, an increase of 4.3189 trillion yuan year-on-year, of which short-term loans increased by 1.3193 trillion yuan; medium and long term loans increased by 3.1771 trillion yuan; bill financing increased by 1.7065 trillion yuan. In June, RMB loans increased by 1.53 trillion yuan, an increase of 1.20 trillion yuan year-on-year.
At the end of June, the balance of foreign exchange loans of Financial Institution Group was 295.40 billion US dollars, an increase of 8.08% year-on-year. In the first half of the year, foreign exchange loans increased by 51.70 billion US dollars, an increase of 3.60 billion US dollars. Among them, foreign exchange loans increased by 37.20 billion US dollars in June, an increase of 35.80 billion US dollars year-on-year.
After the merger of domestic and foreign currencies, the balance of various loans in domestic and foreign currencies of Financial Institution Group was 39.76 trillion yuan at the end of June, an increase of 32.78% year-on-year. In the first half of the year, new loans in domestic and foreign currencies 7.72 trillion yuan, an increase of 4.99 trillion yuan year-on-year.
Financial Institution Group RMB deposits increased by 29.02%
At the end of June, the balance of RMB deposits in Financial Institution Group was 56.63 trillion yuan, an increase of 29.02% year-on-year, an increase of 9.29 percentage points higher than the end of the previous year and 2.34 percentage points higher than the end of the previous month. In the first half of the year, RMB deposits increased by 9.99 trillion yuan, an increase of 5.02 trillion yuan year-on-year. From the perspective of sub-sectors: household deposits increased by 3.1719 trillion yuan, an increase of 975.40 billion yuan year-on-year; non-financial corporate deposits increased by 5.8723 trillion yuan, an increase of 4.2403 trillion yuan year-on-year; fiscal deposits increased by 688.30 billion yuan, an increase of 335.10 billion yuan year-on-year. Among non-financial corporate deposits, corporate deposits increased by 5.2934 trillion yuan, an increase of 3.7665 trillion yuan year In June, RMB deposits increased by 2 trillion yuan, an increase of 1.23 trillion yuan year-on-year.
At the end of June, the balance of foreign exchange deposits was 208.10 billion US dollars, an increase of 16.01% year-on-year. In the first half of the year, foreign exchange deposits increased by 15.40 billion US dollars, an increase of 3.30 billion US dollars year-on-year. Among them, foreign exchange deposits increased by 2.10 billion US dollars in June, an increase of 3 billion US dollars year-on-year.
After the merger of domestic and foreign currencies, the balance of deposits in domestic and foreign currencies of Financial Institution Group was 58.05 trillion yuan, an increase of 28.65% year-on-year. In the first half of the year, new deposits in domestic and foreign currencies were 10.09 trillion yuan, an increase of 5.07 trillion yuan year-on-year.
Fourth, the interbank market interest rate remains low
In june, the total turnover of rmb transactions in the interbank market was 13.72 trillion yuan, with an average daily turnover of 623.60 billion yuan.
In June, the weighted average monthly interest rate of interbank lending in the interbank market was 0.91%, 0.06 percentage points higher than the previous month and 2.16 percentage points lower than the same period last year; the weighted average monthly interest rate of pledged bond repurchase was 0.91%, 0.06 percentage points higher than the previous month and 2.17 percentage points lower than the same period last year.
V. National foreign exchange reserves increased by 17.84%
At the end of June 2009, the balance of national foreign exchange reserves was 2.1316 trillion US dollars, an increase of 17.84% year-on-year. In the first half of the year, the national foreign exchange reserves increased by 185.60 billion US dollars, an increase of 95 billion US dollars year-on-year. In June, foreign exchange reserves increased by 42.10 billion US dollars, an increase of 30.20 billion US dollars year-on-year. At the end of June, the exchange rate of RMB was 6.8319 yuan per US dollar. (End) (Source of this article: People’s Bank of China)
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