Mainland China's new loans in February increased by 900 billion yuan

The People’s Bank of China announced that in the first two months of this year, new loans totaled 5.61 trillion yuan (RMB). Based on this, February’s new loans were 900 billion yuan.

Looking at the sectors, in the first two months, household loans decreased by 194.2 billion yuan, with short-term loans down by 359.6 billion yuan and medium- and long-term loans up by 165.4 billion yuan; corporate (enterprise) loans increased by 5.94 trillion yuan, with short-term loans up by 2.65 trillion yuan and medium- and long-term loans up by 4.07 trillion yuan, while bill financing decreased by 908.9 billion yuan; loans to non-bank financial institutions decreased by 198.7 billion yuan.

By the end of February, RMB loan balances reached 277.52 trillion yuan, a year-on-year increase of 6%.

By the end of February, broad money (M2) stood at 349.22 trillion yuan, up 9% year-on-year. Narrow money (M1) was 115.93 trillion yuan, an increase of 5.9% year-on-year. Currency in circulation (M0) was 15.14 trillion yuan, up 14.1% year-on-year.

In the first two months, RMB deposits increased by 9.26 trillion yuan. At the end of the month, RMB deposit balances reached 337.94 trillion yuan, an 8.7% increase year-on-year.

Additionally, in the first two months, the total social financing scale increased by 9.6 trillion yuan, 316.2 billion yuan more than the same period last year. Among these, RMB loans to the real economy increased by 5.75 trillion yuan; foreign currency loans to the real economy, converted into RMB, increased by 43.3 billion yuan.