BEIJING, Feb. 18 (Xinhua) – China's new yuan-denominated loans reached 3.23 trillion yuan in January 2019, posting a monthly record and up 328.4 billion yuan year on year, central bank data showed Friday.
According to the People’s Bank of China (PBOC), the RMB loan balance in January stood at 139.53 trillion yuan, up 13.4 percent year on year, which was 0.2 percentage higher than the growth a year earlier.
Sun Guofeng, head of the PBOC's monetary policy department, attributed the rise of loan to macro-control, marginal improvement of monetary policy transmission and some seasonal factors.
Moreover, the M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.4 percent year on year to 186.59 trillion yuan at the end of January. The newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, increased 3.05 trillion yuanover the last month to 4.64 trillion yuan.
(Edited by Wu Shuang, wushuang2018@xinhua.org; Tong Wei, tongwei@xinhua.org)
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