Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Economy

China's new yuan loans rise in September

October 15, 2020


Abstract : China's new yuan-denominated loans hit 1.9 trillion yuan (about 281.59 billion U.S. dollars) in September, a year-on-year increase of 204.7 billion yuan, central bank data showed on Wednesday.

BEIJING, Oct. 14 (Xinhua) -- China's new yuan-denominated loans hit 1.9 trillion yuan (about 281.59 billion U.S. dollars) in September, a year-on-year increase of 204.7 billion yuan, central bank data showed on Wednesday.

The country's M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 10.9 percent year on year to 216.41 trillion yuan at the end of September, said the People's Bank of China.

The growth rate was 0.5 percentage points higher than that it was at the end of August, and up 2.5 percentage points from the same period last year.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, came in at 60.23 trillion yuan at the end of September, up 8.1 percent from last year.

M0, the amount of cash in circulation, had risen 11.1 percent year on year to 8.24 trillion yuan by the end of last month.

Newly added social financing, a measure of funds the real economy receives from the financial system, came in at 3.48 trillion yuan in September, up 963 billion yuan year on year.

By the end of September, total social financing hit 280.07 trillion yuan, up 13.5 percent year on year. Enditem

Scan the QR code and push it to your mobile phone

Keyword: new yuan loan

Reading:

Thailand Cabinet Approves Three Programs to Bolster Consumption

CHINA-HAINAN-HAIKOU-JIANGDONG NEW AREA-CONSTRUCTION

Hainan FTP hails contract signing for 3rd batch of key projects, with 15 ones in Jiangdong New Area

The 51st Zhangshu National TCM Materials & Pharmaceuticals Trade Fair to open on Fri.

China mulls to establish industry guarantee fund for non-banking payment institutions

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial