1. Broad money and narrow money rose by 13.9 percent and 5.5 percent respectively
At end-November, broad money (M2) stood at 94.48 trillion yuan, increasing by 13.9 percent year-on-year，down 0.2 percentage points from end-October but up 1.2 percentage points from the same period last year. Narrow money (M1) registered 29.69 trillion yuan, rising by 5.5 percent year-on-year, down 0.6 percentage points from end-October and 2.3 percentage points from the same period last year. Currency in circulation (M0) posted 5.24 trillion yuan, increasing by 10.7 percent year-on-year. November saw a net money input of 92.4 billion yuan.
2. RMB loans and foreign currency loans increased by 522.9 billion yuan and US$16.6 billion respectively in November
At end-November, outstanding RMB and foreign currency loans totaled 66.69 trillion yuan, up 16.1 percent year-on-year. Outstanding RMB loans registered 62.54 trillion yuan, rising by 15.7 percent year-on-year, a pace 0.2 percentage points slower than end-October but 0.1 percentage points faster than the same period last year. RMB loans registered an increase of 522.9 billion yuan in November, down 40 billion yuan year-on-year. By sector, loans to households rose by 240.8 billion yuan, with short-term loans and medium and long-term (MLT) loans increasing by 89.3 billion and 151.5 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 281.7 billion yuan, with short-term loans increasing by 304.7 billion yuan, MLT loans decreasing by 3.1 billion yuan and bill financing declining by 36.9 billion yuan. In January-November, RMB loans grew by 7.75 trillion yuan, up 919.1 billion yuan year-on-year. At end-November, outstanding foreign currency loans registered US$660 billion, up 24.3 percent year-on-year. Foreign currency loans increased by US$16.6 billion in November.
3. RMB deposits rose by 473.9 billion yuan and foreign currency deposits dropped by US$1.9 billion in November
At end-November, the outstanding amount of RMB and foreign currency deposits registered 92.77 trillion yuan, up 14.3 percent year-on-year. RMB deposits registered an outstanding balance of 90.16 trillion yuan, rising by 13.4 percent year-on-year, up 0.1 percentage points from end-October and 0.3 percentage points from the same period last year. RMB deposits rose by 473.9 billion yuan in November, up 151 billion yuan year-on-year. Specifically, household deposits and deposits of non-financial enterprises increased by 251.6 billion and 325.6 billion yuan respectively while fiscal deposits declined by 114.9 billion yuan. In January-November，RMB deposits increased by 9.23 trillion yuan, up 1.02 trillion yuan year-on-year. At end-November, the outstanding amount of foreign currency deposits was US$415.7 billion, up 55.8 percent year-on-year. Foreign currency deposits shrank by US$1.9 billion in November.
4. The monthly weighted average interbank lending rate for November stood at 2.57 percent and the monthly weighted average interest rate on bond pledged repos posted 2.55 percent
In November, RMB lending, spot trading and bond repo transactions in the interbank market totaled 23.11 trillion yuan. The average daily turnover posted 1.05 trillion yuan, up 27.8 percent year-on-year.
The monthly weighted average interbank RMB lending rate for November stood at 2.57 percent, down 0.30 percentage points from the previous month. The monthly weighted average interest rate on bond pledged repos registered 2.55 percent, down 0.27 percentage points from the previous month.
5. RMB cross-border trade settlement and RMB settlement of direct investment amounted to 303.8 billion and 25.3 billion yuan respectively in November
In November 2012, RMB settlement in cross-border trade in goods, cross-border trade in services and other current accounts, outbound FDI and inbound FDI amounted to 224.4 billion, 79.4 billion, 2.1 billion and 23.2 billion yuan respectively.
Notes:
1. Data for the current period are preliminary figures.
2. As of October 2011, monetary aggregates have included deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions.
