Data released by the People's Bank of China on January 15 showed that China's new RMB loans in December were 482.5 billion yuan, which was expected to be 570 billion yuan, and the previous value was 624.6 billion yuan; China's money supply M2 increased at an annual rate in December 13.6%, expected growth of 13.9%, and the previous value growth of 14.2%; China's new RMB loans in 2013 were 8.89 trillion yuan, an increase of 687.9 billion yuan year-on-year. China's money supply M1 increased at an annual rate of 9.3% in December, compared with an expected increase of 9.0%, and the previous value increased by 9.4%; in December, the money supply M0 increased at an annual rate of 7.1%, against an expected increase of 8.0%, and the previous value increased by 7.7%.
China’s foreign exchange reserve balance in the fourth quarter was 3.82 trillion US dollars, the previous value was revised from 3.66 trillion US dollars to 3.6627 trillion US dollars; China’s social financing scale in 2013 was 17.29 trillion yuan, 15,300 yuan more than the previous year billion.
The People's Bank of China stated that it will not tighten or relax monetary policy. In 2013, M2 and loan data basically met the regulatory requirements, and it will maintain a prudent monetary policy in 2014.
At the end of 2013, the balance of my country's broad money (M2) was 110.65 trillion yuan, a year-on-year increase of 13.6%; the balance of narrow money (M1) was 33.73 trillion yuan, a year-on-year increase of 9.3%; currency in circulation (M0) The balance was 5.86 trillion yuan, a year-on-year increase of 7.1%. The net cash injection for the whole year was 389.9 billion yuan.
Sheng Songcheng, Director of the Survey and Statistics Department of the People’s Bank of China, said, “Measuring whether currency is over-issued or not depends on prices, GDP and employment. As long as prices do not rise significantly, we cannot say that there is over-issuance of currency. In the Chinese economy During the development process, we have achieved relatively high growth and low inflation." Yesterday, there was the question of "whether China's currency is overissued." The essence of monetary policy is to find a balance between CPI, economic growth and employment. Whether currency is over-issued depends on GDP, employment and prices. As long as prices do not rise sharply, currency has not been over-issued. "In the past decade or so, my country's price increase averages 2%-3%, while my country's economic growth has been close to 9%-10% in the past 10 years. It can be said that China's economy has achieved relatively high growth and relatively low inflation, and monetary policy has ensured the stability and health of the economy. Development has created a stable monetary and financial environment. ”
In 2013, my country’s new loans increased by 687.9 billion yuan to 8.89 trillion yuan, the second highest level after 2009. In 2013, it hit 4. record high in the past year. From 2009 to 2012, the incremental RMB loans in my country were 9.59 trillion yuan, 7.95 trillion yuan, 7.47 trillion yuan and 8.2 trillion yuan respectively.
Sheng Songcheng said that in 2013, my country's social financing scale was 17.29 trillion yuan, the highest level in annual history, 1.53 trillion yuan more than the previous year. "The scale of social financing has maintained moderate growth, and the financing structure has been further diversified. In the past year, the financial system has provided relatively strong financial support to the real economy."
July 15, 2014, The central bank released its financial statistics report for the first half of 2014. Among them, the M2 balance was 120.96 trillion yuan, a year-on-year increase of 14.7%.
The People's Bank of China released the 2014 financial statistics report on January 15, 2015. The data showed that at the end of December, the balance of broad money (M2) was 122.84 trillion yuan, a year-on-year increase of 12.2%, and the growth rate was 122.84 trillion yuan. At the end of last month and the end of last year, they were 0.1 percentage points and 1.4 percentage points lower. In 2014, RMB loans increased by 9.78 trillion yuan, an increase of 890 billion yuan year-on-year.
On February 13, 2015, the latest data released by the central bank showed that at the end of January, the balance of broad money (M2) was 124.27 trillion yuan, a year-on-year increase of 10.8%, and the growth rate hit a record low. However, RMB loans increased by 1.47 trillion yuan that month, exceeding market expectations.
Data from the central bank show that at the end of January, the balance of broad money (M2) was 124.27 trillion yuan, a year-on-year increase of 10.8%, and the growth rate was 1.4 and 2.4 percentage points lower than the end of last month and the same period last year respectively; narrow money ( The balance of M1) was 34.81 trillion yuan, a year-on-year increase of 10.6%; the balance of currency in circulation (M0) was 6.30 trillion yuan, a year-on-year decrease of 17.6%. Net cash injection in January was 278.1 billion yuan.
The central bank released financial statistics for the first quarter of 2015 on April 14, 2015. Data show that at the end of March, broad money grew by 11.6%, and narrow money grew by 2.9%; in the first quarter, RMB loans increased by 3.68 trillion yuan, and RMB deposits increased by 4.15 trillion yuan; the monthly weighted average interest rate of interbank market interbank lending in March was 3.69%; At the end of March, the country's foreign exchange reserve balance was US$3.73 trillion; cross-border trade RMB settlement business in the first quarter was 1.65 trillion yuan. The details are as follows:
At the end of March, the balance of broad money (M2) was 127.53 trillion yuan, a year-on-year increase of 11.6%, and the growth rate was 0.9 and 0.6 percentage points lower than the end of last month and the end of last year respectively; narrow money (M1 ) balance was 33.72 trillion yuan, a year-on-year increase of 2.9%, and the growth rate was 2.7 and 0.3 percentage points lower than the end of last month and last year respectively; the balance of currency in circulation (M0) was 6.2 trillion yuan, a year-on-year increase of 6.2%.
In the first quarter of 2015, the net cash injection was 169 billion yuan.
On May 13, 2015, the central bank’s official website released the financial statistics report for April 2015. Data show that at the end of April, the balance of broad money (M2) was 128.08 trillion yuan, a year-on-year increase of 10.1%, and the growth rate was 1.5 and 3.1 percentage points lower than the end of last month and the same period last year respectively; the balance of narrow money (M1) was 33.64 trillion yuan. The year-on-year growth rate was 3.7%, with the growth rate 0.8 percentage points higher than the end of last month and 1.8 percentage points lower than the same period last year. At the end of April, the balance of domestic and foreign currency loans was 92.24 trillion yuan, a year-on-year increase of 13.4%. The balance of RMB loans at the end of the month was 86.61 trillion yuan, a year-on-year increase of 14.1%, and the growth rate was 0.1 and 0.3 percentage points higher than the end of last month and the same period last year respectively. RMB loans increased by 707.9 billion yuan that month, an increase of 185.5 billion yuan year-on-year.
On June 11, 2015, the central bank’s official website released the May financial statistics report. Data show that at the end of May, the balance of broad money (M2) was 130.74 trillion yuan, a year-on-year increase of 10.8%; the balance of narrow money (M1) was 34.31 trillion yuan, a year-on-year increase of 4.7%; RMB loans increased by 900.8 billion yuan that month, and foreign currency loans decreased by 2 billion US dollars; RMB deposits increased by 3.23 trillion yuan that month, while foreign currency deposits decreased by US$13.8 billion.
On July 14, 2015, the central bank released its financial statistics report for the first half of 2015. At the end of June, the balance of broad money (M2) was 133.34 trillion yuan, a year-on-year increase of 11.8%. In the first half of the year, RMB loans increased by 6.56 trillion yuan, 537.1 billion yuan more than the same period last year.
On November 12, 2015, the central bank released financial statistics for October. At the end of October, the balance of broad money (M2) was 136.10 trillion yuan, a year-on-year increase of 13.5%. The growth rate was higher than that at the end of last month and the same period last year. 0.4 percentage points and 0.9 percentage points higher; the balance of narrow money (M1) was 37.58 trillion yuan, a year-on-year increase of 14.0%, and the growth rate was 2.6 and 10.8 percentage points higher than the end of last month and the same period last year respectively; the balance of currency in circulation (M0) was 59,900 yuan billion, a year-on-year increase of 3.8%.
This is the first time in the 57 months since January 2011 that the year-on-year growth rate of M1 has exceeded that of M2, and the scissor difference between M2 and M1 has been reversed. Theoretically, the higher the year-on-year growth rate of M1 is higher than the growth rate of M2, it means that the tendency of money supply deposits to be current is higher and the economic vitality is higher.
On December 11, 2015, the People's Bank of China released financial data for November. At the end of November, the balance of broad money (M2) was 137.40 trillion yuan, a year-on-year increase of 13.7%. The growth rate was 0.2 and 1.4 percentage points higher than the end of last month and the same period last year respectively, setting a new high in the past year and a half.
On February 16, 2016, the People's Bank of China announced January financial data. At the end of January, the balance of broad money M2 was 141.63 trillion yuan, a year-on-year increase of 14.0%. The growth rate was higher than that at the end of last month and the same period last year. 0.7 percentage points and 3.2 percentage points; the balance of narrow currency M1 was 41.27 trillion yuan, and the growth rate once again exceeded 18.6%, which was 3.4 percentage points and 8.1 percentage points higher than the end of last month and the same period last year respectively. In January, the difference in growth rates between M1 and M2 hit the highest level since 2011.
On February 29, 2016, the National Bureau of Statistics released the 2015 National Economic and Social Development Statistical Bulletin. Data show that at the end of 2015, the balance of broad money supply (M2) was 139.2 trillion yuan, an increase of 13.3% over the end of the previous year; the balance of narrow money supply (M1) was 40.1 trillion yuan, an increase of 15.2%; the balance of currency in circulation (M0) was 6.3 trillion yuan, an increase of 4.9%.