Chinese Central Bank Releases July Financial Statistics Report

 -  -  4


The People’s Bank of China (PBOC) has just released its financial statistics report for the month of July.

As of the end of July the broad M2 money supply balance was 191.94 trillion yuan, for a YoY rise of 8.1%, and decelerations of 0.4 percentage points compared to both the end of the preceding month and the same period last year.

The M1 money supply balance was 55.3 trillion yuan, for a YoY rise of 3.1%, and decelerations of 1.3 and 2 percentage points compared to the end of the preceding month and the same period last year.

The M0 money supply balance was 7.27 trillion yuan, for a YoY rise of 4.5%. July saw the net release of 10.8 billion yuan in cash.

As of the end of July the domestic and foreign currency loan balance was 152.58 trillion yuan, for a YoY rise of 11.9%.

The renminbi loan balance stood at 147.02 trillion yuan at the end of July, for a YoY rise of 12.6%, and decelerations of 0.4 and 0.6 percentage points compared to the end of the preceding month and the same period last year respectively.

In July renminbi loans increased 1.06 trillion yuan, for a YoY contraction of 397.5 billion yuan.

The household sector saw a loan increase of 511.2 billion yuan, comprised of 69.5 billion yuan in short-term loans and 441.7 billion yuan in medium and long-term loans.

Non-financial enterprise and institutional group loans increased 297.4 billion yuan, with short-term loans falling 219.5 billion yuan and medium and long-term loans increasing 367.8 billion yuan.

As of the end of July the foreign currency loan balance was USD$806.4 billion yuan, for a YoY decline of 4.3%. Foreign currency loans fall by $12.3 billion in July.

The domestic and foreign currency deposit balance was 193.94 trillion yuan as of the end of July, for a YoY rise of 7.8%.

The renminbi loan balance was 188.21 trillion yuan as of the end of July, for a YoY rise of 8.1%, and decelerations of 0.3 and 0.4 percentage points compared to the end of the preceding month and the same period last year respectively.

In July renminbi deposits saw an increase of 642 billion yuan, for a decline of 386.7 billion yuan compared to the same period last year.

Household deposits fell by 103.2 billion yuan, non-financial enterprise deposits fell 1.39 trillion yuan, while fiscal deposits increased 809.1 billion yuan, and non-bank financial institution deposits increased 1.34 trillion yuan.

As of the end of July the foreign currency deposit balance was $745.2 billion, for a YoY decline of 3.1%. July itself saw foreign currency deposits fall $14.8 billion.

In July the renminbi interbank market saw a total of 109.63 trillion yuan in transactions via borrowing, spot bond trades and repos.

Average daily transactions were 4.77 trillion yuan, for a rise of 15.1% compared to the same period last year.

Average daily interbank borrowing transactions rose 10.2% YoY, spot bond trades increased 31.5%, while pledged repos rose 12.9%.

The weighted average rate for interbank borrowing in July was 2.08%, for a rise of 0.38 percentage points compared to the preceding month, and a decline of 0.39 percentage points compared to the same period last year.

The weighted average rate for pledged repos was 2.15%, for a rise of 0.41 percentage points compared to the preceding month, and a decline of 0.28 percentage points compared to the same period last year.

In July cross-border goods trade, cross-border services trade and other currency accounts; outbound foreign direct investment and inbound foreign direct investment settled in the renminbi totalled 340.7 billion yuan, 201.5 billion yuan, 71 billion yuan and 164 billion yuan respectively.

4 recommended
comments icon 0 comments
0 notes
94 views
bookmark icon

Write a comment...

Your email address will not be published. Required fields are marked *