Xinhua News Agency, Beijing (Reporters Wu Yu, Ren Jun) Financial statistics released by the People's Bank of China on May 14 show that my country's RMB loans increased by 8.59 trillion yuan in the first four months, of which loans to enterprises (institutions) increased by 8.99 trillion yuan.
Data show that at the end of April, my country’s RMB loan balance was 280.5 trillion yuan, a year-on-year increase of 5.6%. In terms of sectors, in the first four months, household loans decreased by 490.2 billion yuan; loans to enterprises (institutions) increased by 8.99 trillion yuan, of which medium and long-term loans increased by 5.01 trillion yuan.
From the perspective of money supply, at the end of April, the balance of broad money (M2) was 353.04 trillion yuan, a year-on-year increase of 8.6%. The balance of narrow currency (M1) was 114.58 trillion yuan, a year-on-year increase of 5%.
In addition, my country's RMB deposits increased by 14 trillion yuan in the first four months, of which household deposits increased by 5.74 trillion yuan.
In addition, social financing data released on the same day showed that at the end of April, my country's social financing stock was 456.89 trillion yuan, a year-on-year increase of 7.8%; the cumulative increase in social financing in the first four months was 15.45 trillion yuan, 893 billion yuan less than the same period last year.
