CCTV News: The People's Bank of China released the financial statistics report for the first half of 2025. The data showed that RMB deposits increased by 17.94 trillion yuan in the first half of the year. Among them, household deposits increased by 10.77 trillion yuan, non-financial enterprises increased by 1.77 trillion yuan, fiscal deposits increased by 1.25 trillion yuan, and non-banking financial institutions increased by 2.55 trillion yuan.

Finance Statistics Report for the First Half of 2025

1. Broad currency grew by 8.3%. At the end of June, the balance of broad currency (M2) was 330.29 trillion yuan, an increase of 8.3% year-on-year. The balance of narrow currency (M1) was 113.95 trillion yuan, an increase of 4.6% year-on-year. The balance of currency (M0) in circulation was 13.18 trillion yuan, an increase of 12% year-on-year. Net cash injections in the first half of the year were 363.3 billion yuan.

2. RMB loans increased by 12.92 trillion yuan in the first half of the year.

At the end of June, the balance of domestic and foreign currency loans was 27.257 trillion yuan, an increase of 6.8% year-on-year. At the end of the month, the balance of RMB loans was 268.56 trillion yuan, an increase of 7.1% year-on-year.

The RMB loan increased by 12.92 trillion yuan in the first half of the year. By department, household loans increased by 1.17 trillion yuan, of which short-term loans decreased by 300 million yuan, medium- and long-term loans increased by 1.17 trillion yuan; loans to enterprises (institutions) institutions increased by 11.57 trillion yuan, of which short-term loans increased by 4.3 trillion yuan, medium- and long-term loans increased by 7.17 trillion yuan, and bill financing decreased by 46.4 billion yuan; loans to non-banking financial institutions increased by 33.1 billion yuan.

At the end of June, the balance of foreign currency loans was US$560.9 billion, a year-on-year decrease of 10.6%. Foreign currency loans increased by US$18.8 billion in the first half of the year.

3. RMB deposits increased by 17.94 trillion yuan in the first half of the year. At the end of June, the balance of deposits in domestic and foreign currencies was 327.46 trillion yuan, an increase of 8.6% year-on-year. The balance of RMB deposits at the end of the month was 320.17 trillion yuan, an increase of 8.3% year-on-year.

The RMB deposits increased by 17.94 trillion yuan in the first half of the year. Among them, household deposits increased by 10.77 trillion yuan, non-financial enterprises increased by 1.77 trillion yuan, fiscal deposits increased by 1.25 trillion yuan, and non-banking financial institutions increased by 2.55 trillion yuan.

At the end of June, the balance of foreign currency deposits was US$1.02 trillion, an increase of 21.7% year-on-year. Foreign currency deposits increased by US$165.5 billion in the first half of the year.

In April, the weighted average monthly interest rate of interbank lending in the interbank RMB market in June was 1.46%, and the weighted average monthly interest rate of pledged bond repurchase was 1.5%. In the first half of the year, the interbank RMB market completed a total transaction of 974.04 trillion yuan through lending, cash bonds and repurchase, with an average daily transaction of 8.12 trillion yuan, and a decrease of 4.4% year-on-year. Among them, the average daily transaction of interbank lending decreased by 24.7% year-on-year, the average daily transaction of current bonds decreased by 2.9% year-on-year, and the average daily transaction of pledge repurchase decreased by 3.6% year-on-year.

The weighted average interest rate of interbank lending in June was 1.46%, 0.09 and 0.41 percentage points lower than the previous month and the same period last year, respectively. The weighted average interest rate of pledge repurchase is 1.5%, 0.06 and 0.39 percentage points lower than last month and the same period last year, respectively.

5. The balance of national foreign exchange reserves was US$3.32 trillion

At the end of June, the balance of national foreign exchange reserves was US$3.32 trillion. At the end of June, the RMB exchange rate was RMB 7.1586 against RMB 1 US dollar.

VI. The cross-border RMB settlement amount under the current account was 8.3 trillion yuan, and the cross-border RMB settlement amount was 4.11 trillion yuan in the first half of the year, the cross-border RMB settlement amount under the current account was 8.3 trillion yuan, of which 6.38 trillion yuan and 1.92 trillion yuan were RMB respectively for goods trade, trade in services and other current accounts; the cross-border RMB settlement amount was 4.11 trillion yuan, of which 1.46 trillion yuan and 2.65 trillion yuan were direct investment, respectively.

Note 1: The current data is a preliminary number.

Note 2: The loans to enterprises (institutions) in the report refer to loans to non-financial enterprises and institutions.

Note 3: Starting from January 2023, the People's Bank of China will include three types of non-deposit financial institutions in the banking industry, including consumer finance companies, wealth management companies and financial asset investment companies, in the financial statistics scope.

Note 4: Since the People's Bank of China counts the data for January 2025, it has launched the newly revised narrow currency (M1) statistical caliber. The revised M1 includes: currency in circulation (M0), unit current deposit, personal current deposit, and non-bank payment institution customer reserves. After traced back according to comparable caliber, the comparable balance and growth rate of M1 at the end of each month in 2024 are: