People’s Bank of China
02-10 17:07
China’s social financing scale increased by 5.98 trillion yuan in January, from the previous value of 1.3058 billion yuan.
China’s social financing scale increased by 5.98 trillion yuan in January, from the previous value of 1.3058 billion yuan.
According to preliminary statistics, the stock of social financing scale at the end of January 2023 was 350.93 trillion yuan, a year-on-year increase of 9.4%. Among them, the balance of RMB loans to the real economy was 218.19 trillion yuan, an increase of 11.1% year-on-year; the balance of foreign currency loans to the real economy was 1.78 trillion yuan, a year-on-year decrease of 21.6%; the balance of entrusted loans was 11.31 trillion yuan , an increase of 3.5% year-on-year; the balance of trust loans was 3.74 trillion yuan, a year-on-year decrease of 12.6%; the balance of undiscounted bank acceptance bills was 2.96 trillion yuan, a year-on-year decrease of 14.9%; the balance of corporate bonds was 31.02 trillion yuan, a year-on-year increase of 1.9% %; the balance of government bonds was 60.6 trillion yuan, a year-on-year increase of 12.9%; the balance of domestic stocks of non-financial enterprises was 10.73 trillion yuan, a year-on-year increase of 11.7%.
According to preliminary statistics, the increase in the scale of social financing in January 2023 was 5.98 trillion yuan, 195.9 billion yuan less than the same period last year. Among them, RMB loans to the real economy increased by 4.93 trillion yuan, an increase of 730.8 billion yuan year-on-year; foreign currency loans to the real economy decreased by 13.1 billion yuan, an increase of 116.2 billion yuan year-on-year; entrusted loans increased by 58.4 billion yuan, A year-on-year increase of 15.6 billion yuan; trust loans decreased by 6.2 billion yuan, a year-on-year decrease of 61.8 billion yuan; undiscounted bank acceptances increased by 296.3 billion yuan, a year-on-year decrease of 177 billion yuan; corporate bond net financing was 148.6 billion yuan, a year-on-year decrease of 435.2 billion yuan The net financing of government bonds was 414 billion yuan, a year-on-year decrease of 188.6 billion yuan; the domestic stock financing of non-financial enterprises was 96.4 billion yuan, a year-on-year decrease of 47.5 billion yuan.
In terms of structure, the balance of RMB loans issued to the real economy at the end of January accounted for 62.2% of the stock of social financing in the same period, 1 percentage point higher than the same period last year; foreign currency loans issued to the real economy accounted for 0.5%, 0.2 percentage points lower than the same period last year The balance of entrusted loans accounted for 3.2%, a year-on-year decrease of 0.2 percentage points; the balance of trust loans accounted for 1.1%, a year-on-year decrease of 0.2 percentage points; the balance of undiscounted bank acceptance bills accounted for 0.8%, a year-on-year decrease of 0.3 percentage points; the balance of corporate bonds It accounted for 8.8%, a year-on-year decrease of 0.7 percentage points; government bond balances accounted for 17.3%, a year-on-year increase of 0.6 percentage points; non-financial corporate domestic stock balances accounted for 3.1%, a year-on-year increase of 0.1 percentage points.
1. Broad money increased by 12.6%
At the end of January, the balance of broad money (M2) was 273.81 trillion yuan, a year-on-year increase of 12.6%, and the growth rates were 0.8 and 2.8 percentage points higher than the end of the previous month and the same period of the previous year, respectively. The balance of narrow money (M1) was 65.52 trillion yuan, a year-on-year increase of 6.7%, and the growth rate was 3 and 8.6 percentage points higher than the end of last month and the same period of last year respectively. The balance of money in circulation (M0) was 11.46 trillion yuan, a year-on-year increase of 7.9%. The net cash injection in the month was 997.1 billion yuan.
2. Renminbi loans increased by 4.9 trillion yuan in January
At the end of January, the balance of domestic and foreign currency loans was 224.8 trillion yuan, a year-on-year increase of 10.6%. At the end of the month, the balance of RMB loans was 219.75 trillion yuan, a year-on-year increase of 11.3%, and the growth rate was 0.2 percentage points higher than the end of the previous month and 0.3 percentage points lower than the same period of the previous year.
In January, RMB loans increased by 4.9 trillion yuan, an increase of 922.7 billion yuan year-on-year. In terms of sectors, household loans increased by 257.2 billion yuan, of which short-term loans increased by 34.1 billion yuan, medium and long-term loans increased by 223.1 billion yuan; loans to enterprises (institutions) increased by 4.68 trillion yuan, of which short-term loans increased by 1.51 trillion yuan , medium and long-term loans increased by 3.5 trillion yuan, bill financing decreased by 412.7 billion yuan; loans of non-banking financial institutions decreased by 58.5 billion yuan.
At the end of January, the balance of foreign currency loans was US$747.3 billion, a year-on-year decrease of 19.7%. In January, foreign currency loans increased by US$5.8 billion, a year-on-year decrease of US$12.3 billion.
3. RMB deposits increased by 6.87 trillion yuan in January
At the end of January, the balance of domestic and foreign currency deposits was 271.39 trillion yuan, a year-on-year increase of 11.9%. At the end of the month, the balance of RMB deposits was 265.39 trillion yuan, a year-on-year increase of 12.4%, and the growth rates were 1.1 and 3.2 percentage points higher than the end of the previous month and the same period of the previous year, respectively.
In January, RMB deposits increased by 6.87 trillion yuan, an increase of 3.05 trillion yuan year-on-year. Among them, household deposits increased by 6.2 trillion yuan, non-financial enterprise deposits decreased by 715.5 billion yuan, fiscal deposits increased by 682.8 billion yuan, and non-bank financial institution deposits increased by 1.01 trillion yuan.
At the end of January, the balance of foreign currency deposits was US$887.8 billion, a year-on-year decrease of 13.3%. Foreign currency deposits increased by US$33.9 billion in January, an increase of US$6.7 billion year-on-year.
4. In January, the monthly weighted average interest rate of inter-bank RMB market interbank lending was 1.44%, and the monthly weighted average interest rate of pledged bond repurchase was 1.56%
In January, the inter-bank RMB market traded 123.28 trillion yuan in total, with an average daily turnover of 6.85 trillion yuan, an increase of 8.6% year-on-year. Among them, the average daily transaction of interbank lending increased by 7.3% year-on-year, the average daily transaction of spot bonds decreased by 10.8% year-on-year, and the average daily transaction of pledged repo increased by 12.9% year-on-year.
In January, the weighted average interest rate of interbank lending was 1.44%, which was 0.18 percentage points higher than that of the previous month and 0.57 percentage points lower than that of the same period last year. The weighted average interest rate of pledged repo was 1.56%, 0.15 percentage points higher than the previous month, and 0.48 percentage points lower than the same period of the previous year.
5. In January, the cross-border RMB settlement amount under the current account was 814.2 billion yuan, and the cross-border RMB settlement amount for direct investment was 526.9 billion yuan
In January, the amount of cross-border RMB settlement under the current account was 814.2 billion yuan, of which trade in goods, service trade and other current accounts were 624.9 billion yuan and 189.3 billion yuan respectively; the amount of cross-border RMB settlement for direct investment was 526.9 billion yuan, of which foreign Direct investment and foreign direct investment were 151 billion yuan and 375.9 billion yuan respectively.
(continuously updated)
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