1. Broad money and narrow money rose by 14.1 percent and 6.1 percent respectively
At end-October, broad money (M2) stood at 93.64 trillion yuan, increasing by 14.1 percent year-on-year，down 0.7 percentage points from end-September but up 1.2 percentage points from the end of last year. Narrow money (M1) registered 29.33 trillion yuan, rising by 6.1 percent year-on-year, down 1.2 percentage points from end-September and 2.3 percentage points from the end of last year. Currency in circulation (M0) posted 5.15 trillion yuan, increasing by 10.5 percent year-on-year. October saw a net money withdrawal of 196.6 billion yuan.
2. RMB loans and foreign currency loans increased by 505.2 billion yuan and US$20.4 billion respectively in October
At end-October, outstanding RMB and foreign currency loans totaled 66.07 trillion yuan, up 16.2 percent year-on-year. Outstanding RMB loans registered 62.01 trillion yuan, rising by 15.9 percent year-on-year, a pace 0.4 percentage points slower than end-September but 0.1 percentage points faster than the end of last year. RMB loans registered an increase of 505.2 billion yuan in October, down 81.6 billion yuan year-on-year. By sector, loans to households rose by 145.6 billion yuan, with short-term loans and medium and long-term loans increasing by 30.5 billion and 115.1 billion yuan respectively; loans to non-financial enterprises and other sectors rose by 358.6 billion yuan, with short-term loans and medium and long-term loans increasing by 246.7 billion and 168.5 billion yuan respectively and bill financing decreasing by 73.2 billion yuan. In January-October, RMB loans grew by 7.23 trillion yuan, up 959 billion yuan year-on-year. At end-October, outstanding foreign currency loans registered US$643.3 billion, up 21.3 percent year-on-year. Foreign currency loans increased by US$20.4 billion in October.
3. RMB deposits dropped by 279.9 billion yuan and foreign currency deposits rose by US$3.8 billion in October
At end-October, the outstanding amount of RMB and foreign currency deposits registered 92.32 trillion yuan, up 14.2 percent year-on-year. RMB deposits registered an outstanding balance of 89.68 trillion yuan, rising by 13.3 percent year-on-year, unchanged from end-September but down 0.3 percentage points from the same period last year. RMB deposits declined by 279.9 billion yuan in October, 58.4 billion yuan more than the decrease in the same period last year. Specifically, household deposits and deposits of non-financial enterprises dropped by 663.9 billion and 115.8 billion yuan respectively while fiscal deposits rose by 480.6 billion yuan. In January-October，RMB deposits increased by 8.75 trillion yuan, up 868.6 billion yuan year-on-year. At end-October, the outstanding balance of foreign currency deposits was US$417.6 billion, up 59.0 percent year-on-year. Foreign currency deposits recorded an increase of US$3.8 billion in October.
4. The monthly weighted average interbank lending rate for October stood at 2.87 percent and the monthly weighted average interest rate on bond pledged repos posted 2.82 percent
In October, RMB lending, spot trading and bond repo transactions in the interbank market totaled 18.74 trillion yuan. The average daily turnover posted 1.04 trillion yuan, up 32.2 percent year-on-year.
The monthly weighted average interbank RMB lending rate for October stood at 2.87 percent, down 0.06 percentage points from the previous month. The monthly weighted average interest rate on bond pledged repos registered 2.82 percent, down 0.19 percentage points from the previous month.
5. RMB cross-border trade settlement and RMB settlement of direct investment amounted to 233.3 billion and 18.7 billion yuan respectively in October
In October 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 166.5 billion, 66.8 billion, 1.1 billion and 17.6 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.
