China’s financial statistics report in first half of 2013

By | July 14, 2013

Consolidated Report by ChinaAbout.net: Chinese central bank, People’s Bank of China recently released a report about the social financing in the first half of 2013. The key economic performance data of China are as follows:-

Money Supply M2 in China increased by 14.0%, money supply M1 grew by 9.1% in first half of 2013

As of end of June, broad money (M2) balance amounted 105.45 trillion yuan ($16.872 trillion), an increase of 14.0% compared to the same period last year (which is 1.8 percentage points lower than the previous month but 0.2 percentage point higher than end of the previous year); balance of narrow money (M1) reached 31.36 trillion yuan ($5.0176 trillion), an increase of 9.1% compared to the same period last year (which is 2.2 percentage points lower than the previous month, 2.6 percentage points higher than the end of previous year); balance of China’s Currency in Circulation (M0) amounted 5.42 trillion yuan ($0.8672 trillion), an increase of 9.9% compared to the same period last year. The net return cash o in first half of 2013 reached 50.9 billion yuan.

RMB loans increased by 5.08 trillion yuan ($0.81 trillion), loans in foreign currency increased by $ 92.4 billion ($14.784 billion) in first half of 2013

As of end of June, the scale of loans in China reached 72.87 trillion yuan ($11.6592 trillion), an increase of 15.1%; Balance RMB loans amounted 68.08 trillion yuan ($10.89 trillion), up 14.2 percent compared to same period last year. In the first half of 2013, the RMB loans grew by 5.08 trillion yuan ($12.8 billion), an increase of 221.7 billion yuan ($35.472 billion). In term of sub-sectors, household loans increased by 2.07 trillion yuan, of which short-term loans increased by 845.8 billion yuan, and long-term loans increased by 1.23 trillion yuan; loans of non-financial enterprises and other sector increased 3 trillion yuan, of which short-term loans increased by 12,400 billion in long-term loans increased 1.36 trillion yuan, bill financing increased by 279.3 billion yuan. In June, RMB loans increased by 860.5 billion yuan, the growth reduced by 59.3 billion yuan. As of end of June, foreign currency loans amounted $ 775.8 billion, an increase of 33.2% or an increase of $ 92.4 billion compared to same period last year.

RMB deposits increased by 9.09 trillion yuan ($1.4544 trillion), foreign currency deposits increased by $ 31.3 billion in first half of 2013

As of end of June, the foreign currency deposits amounted 103.64 trillion yuan, an increase of 14.1% compared to the same period last year. RMB deposits reached 100.91 trillion yuan, an increase of 14.3% compared to the same period last year. In the first half of 2013, RMB deposits grew by 9.09 trillion yuan, an increase of 1.71 trillion yuan compared to the same period last year. Among which, the household deposits increased by 4.13 trillion yuan, non-financial corporate deposits increased by 2.32 trillion yuan, fiscal deposits increased by 958.8 billion yuan. In June RMB deposits increased by 1.6 trillion yuan, a decrease of 1.26 trillion yuan compared to the same period last year. As of end of June, foreign currency deposits amounted $ 441.5 billion, an increase of 9.0% compared to the same period last year.

China’s foreign exchange reserves balance amounted US $3.5 trillion

As of end of June, the state foreign exchange reserves amounted $ 3.5 trillion. As of end of June, the RMB exchange rate is 1 U.S. dollar against 6.1787 yuan.

Cross-border trade in RMB clearing business valued 2.05 trillion yuan, direct investment in yuan accumulated to 183.5 billion yuan

For the first half of 2013, RMB cross-border settlement of trade in goods, trade in services and other recurring items, foreign direct investment, foreign direct investment accumulated to 1.36 trillion yuan, 683.8 billion yuan, 22 billion yuan, 161.5 billion yuan respectively.

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