Central Bank: December M2 increased by 11.3% year-on-year!

1. Broad money growth of 11.3%, narrow money growth of 21.4%
At the end of December, the broad money (M2) balance was 155.01 trillion yuan, a year-on-year increase of 11.3%. The growth rate was 0.1 and 2 percentage points lower than the end of last month and the same period of last year. The narrow money (M1) balance was 48.66 trillion yuan, a year-on-year increase. 21.4%, the growth rate was 1.3 percentage points lower than the end of last month, 6.2 percentage points higher than the same period of the previous year; the balance of circulating currency (M0) was 6.83 trillion yuan, an increase of 8.1%. The net cash for the year was 508.7 billion yuan.

2. RMB loans increased by 12.65 trillion yuan and foreign currency loans decreased by 44.5 billion dollars.
At the end of December, the balance of local and foreign currency loans was 112.06 trillion yuan, a year-on-year increase of 12.8%. At the end of the month, the balance of RMB loans was 106.6 trillion yuan, a year-on-year increase of 13.5%. The growth rate was 0.4 percentage points higher than the end of last month and 0.8 percentage points lower than the same period of the previous year.
In the whole year, RMB loans increased by 12.65 trillion yuan, an increase of 925.7 billion yuan year-on-year. In terms of sub-sectors, loans from the household sector increased by 6.33 trillion yuan, of which short-term loans increased by 649.4 billion yuan, medium and long-term loans increased by 5.68 trillion yuan, and non-financial enterprises and government group loans increased by 6.1 trillion yuan, of which short-term loans increased by 7283 yuan. 100 million yuan, medium and long-term loans increased by 4.18 trillion yuan, bill financing increased by 894.6 billion yuan; non-banking financial institutions loans increased by 99.2 billion yuan. In December, RMB loans increased by 1.04 trillion yuan, an increase of 446.6 billion yuan year-on-year.
At the end of December, the balance of foreign currency loans was US$785.8 billion, down 5.4% year-on-year. Foreign currency loans for the year decreased by 44.5 billion U.S. dollars, a year-on-year decrease of 5.7 billion U.S. dollars. In December, foreign currency loans decreased by US$16.6 billion, a year-on-year decrease of US$6.3 billion.

3. RMB deposits increased by 14.88 trillion yuan and foreign currency deposits increased by 84.5 billion dollars.
At the end of December, the balance of local and foreign currency deposits was 155.52 trillion yuan, a year-on-year increase of 11.3%. At the end of the month, the balance of RMB deposits was 150.59 trillion yuan, an increase of 11% year-on-year. The growth rate was 0.2 percentage points higher than the end of last month and 1.4 percentage points lower than the same period of the previous year.
In the whole year, RMB deposits increased by 14.88 trillion yuan, a year-on-year increase of 92.4 billion yuan. Among them, household deposits increased by 5.16 trillion yuan, non-financial corporate deposits increased by 7.25 trillion yuan, fiscal deposits increased by 80.5 billion yuan, and non-banking financial institutions' deposits decreased by 78.3 billion yuan. In December, RMB deposits increased by 163.5 billion yuan, an increase of 2005 billion yuan.
At the end of December, the balance of foreign currency deposits was US$711.9 billion, a year-on-year increase of 13.5%. Foreign currency deposits increased by 84.5 billion U.S. dollars in the year, an increase of 67.8 billion U.S. dollars. In December, foreign currency deposits increased by $9.3 billion, an increase of $12.5 billion over the same period last year.

4. The monthly weighted average interest rate of interbank RMB interbank lending in December was 2.44%, and the monthly weighted average interest rate of pledged bond repo was 2.56%.
In 2016, the inter-bank RMB market totaled 824.31 trillion yuan in terms of lending, spot bonds and repurchase. The average daily turnover was 3.28 trillion yuan, and the average daily turnover increased by 34.4% over the same period of the previous year. Among them, the average daily turnover of inter-bank lending, spot bonds and pledged repo increased by 48.2%, 45.4% and 30.4% respectively.
The weighted average interest rate of interbank borrowing for the month was 2.44%, which was 0.11 and 0.47 percentage points higher than the previous month and the same period of last year respectively. The weighted average interest rate of the pledged repo was 2.56%, which was 0.18 and 0.61 higher than the previous month and the same period of last year. Percentage points.

V. The balance of the state's foreign exchange reserves is 3.01 trillion US dollars
At the end of December, the balance of the state's foreign exchange reserves was 3.01 trillion US dollars. At the end of December, the RMB exchange rate was 1 US dollar to 6.9370 yuan.

6. In 2016, cross-border trade RMB settlement business incurred 5.23 trillion yuan, and direct investment in RMB settlement business occurred 2.46 trillion yuan.
According to preliminary statistics, in 2016, cross-border goods trade, service trade and other current projects, foreign direct investment and foreign direct investment settled in RMB were 4,120.9 billion yuan, 11,066 billion yuan, 10,619 billion yuan and 1,398.8 billion yuan respectively.

Note 1: The current data is preliminary.
Note 2: Since October 2011, the money supply has included deposits from housing provident fund centers and non-deposit financial institutions in deposit-taking financial institutions.
Note 3: Since August 2014, the entrepot trade has been adjusted to the statistics of goods trade, the amount of trade in goods has expanded, and the amount of trade in services has decreased accordingly.
Note 4: Since 2015, RMB, foreign currency and local and foreign currency deposits have been deposited by non-banking financial institutions. Renminbi, foreign currency and local and foreign currency loans have been disbursed to non-banking financial institutions.

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