Xinhua News Agency, Beijing, April 13 (Reporter Wu Yu) my country’s first quarter financial statistics were released on the 13th, and the total financial volume in the quarter maintained a reasonable growth. Data released by the People’s Bank of China on the same day showed that my country’s RMB loans increased by 9.78 trillion yuan in the first quarter, of which loans to enterprises (institutions) increased by 8.66 trillion yuan.
Data from the People’s Bank of China shows that at the end of March, my country’s RMB loan balance was 265.41 trillion yuan, an increase of 7.4% year-on-year. By department, in the first quarter, household loans increased by 1.04 trillion yuan; loans to enterprises (institutions) institutions increased by 8.66 trillion yuan, of which medium- and long-term loans increased by 5.58 trillion yuan.
From the perspective of money supply, at the end of March, my country’s broad currency (M2) balance was 326.06 trillion yuan, an increase of 7% year-on-year; the narrow currency (M1) balance was 113.49 trillion yuan, an increase of 1.6% year-on-year.
In addition, my country’s RMB deposits increased by 12.99 trillion yuan in the first quarter, of which household deposits increased by 9.22 trillion yuan. At the end of March, my country’s RMB deposit balance was 315.22 trillion yuan, an increase of 6.7% year-on-year.
Social financing data released on the same day showed that at the end of March, the stock of social financing scale in my country was 422.96 trillion yuan, an increase of 8.4% year-on-year. In the first quarter, the cumulative increase in my country’s social financing scale was 15.18 trillion yuan, 2.37 trillion yuan more than the same period last year.
[Editor in charge: Li Haipeng]
