1. Broad money rose by 13.3% and narrow money grew by 15.2%
At end-December, outstanding broad money (M2) rose by 13.3% year on year to 139.23 trillion yuan, a deceleration of 0.4 percentage points from the end of last month and an acceleration of 1.1 percentage points from the end of last year. Outstanding narrow money (M1) grew by 15.2% year on year to 40.10 trillion yuan, a deceleration of 0.5 percentage points from the end of last month and an acceleration of 12.0 percentage points from the end of last year. Money in circulation (M0) stood at 6.32 trillion yuan, up 4.9% year on year. Net money injection in 2015 totaled 295.7 billion yuan.
2. In 2015, RMB loans rose by 11.72 trillion yuan and foreign currency loans fell by US$50.2billion
At end-December, outstanding RMB and foreign currency loans posted 99.35 trillion yuan, up 13.4% year on year. In particular, outstanding RMB loans posted 93.95 trillion yuan, up 14.3% year on year. This represented an a deceleration of 0.6 percentage points from the end of last month and an acceleration of 0.6 percentage points from the end of last year. In the whole year, RMB loans saw a growth of 11.72 trillion yuan, 1.81 trillion yuan more than the growth in the same period of last year. By sectors, household loans rose by 3.87 trillion yuan, an acceleration of 581.3 billion yuan year on year, with short-term loans and medium and long-term (MLT) loans increasing by 819.9 billion and 3.05 trillion yuan respectively; loans to non-financial institutions, government agencies and organizations rose by 7.38 trillion yuan, an acceleration of 898.8 billion yuan year on year, with short-term loans, MLT loans and bill financing increasing by 1.90 trillion, 3.54 trillion and 1.66 trillion yuan respectively; loans to non-banking financial institutions rose by 376.7 billion yuan. In December, RMB loans grew by 597.8 billion yuan, down 345.3 billion yuan year on year.
At end-December, outstanding foreign currency loans registered US$830.3 billion, down 5.8% year on year. In the whole year, lending in foreign currencies saw a decrease of US$50.2 billion, a deceleration of US$132.3 billion. Foreign currency loans fell by US$10.3 billion in December, US$8.1 billion more than the decrease in the same period of last year.
3. In 2015, RMB deposit grew by 14.97 trillion yuan and foreign currency deposits increased by US$16.7 billion
At end-December, outstanding RMB and foreign currency deposits registered 139.78 trillion yuan, up 12.4% year on year. At end-December, outstanding RMB deposits totaled 135.70 trillion yuan, up 12.4% year on year, representing a deceleration of 0.7 percentage points from a month earlier and an acceleration of 0.3 percentage points from the end of last year. In the whole year, RMB deposits rose by 14.97 trillion yuan, an acceleration of 1.94 trillion yuan over last year. In particular, household deposits grew by 4.40 trillion yuan, deposits of non-financial institutions rose by 5.28 trillion yuan, fiscal deposits dropped by 91.4 billion yuan, and deposits of non-banking financial institutions increased by 4.08 trillion yuan. In December, RMB deposits fell by 37 billion yuan, a deceleration of 674.4 billion yuan year on year.
At end-December, outstanding foreign currency deposits posted US$627.2 billion, up 3.2% year on year. In the whole year, foreign currency deposits grew by US$16.7 billion, a deceleration of US$90.5 billion. In December, foreign currency deposits dropped by US$3.2 billion, US$14 billion less than the decrease in the same period of last year.
4. In December, the monthly weighted average interbank RMB lending rate registered 1.97%, and the monthly weighted average interest rate on bond pledged repo posted 1.95%
In the whole year of 2015, combined volume of bond lending, spot bond purchase and bond repo on the interbank RMB market totaled 608.71 trillion yuan. The average daily turnover was 2.44 trillion yuan, up 102.1% year on year. Specifically, the year-on-year growth in the average daily turnover of interbank lending, spot bond purchase and bond pledged repo posted 71.2%, 115.8% and 104.4% respectively.
In December, the monthly weighted average interbank lending rate stood at 1.97%, up 0.07 percentage points from last month but down 1.52 percentage points from the same period of last year. The monthly weighted average interest rate on bond pledged repo was 1.95%, up 0.1 percentage points from last month but down 1.54 percentage points from the same period of last year.
5. Outstanding foreign exchange reserves reached US$3.33 trillion
At end-December, outstanding foreign exchange reserves reached US$3.33 trillion, and the RMB exchange rate was 6.4936 yuan per US dollar.
6. In 2015, RMB cross-boarder trade settlement reached 7.23 trillion yuan, and RMB settlement of direct investment stood at 2.32 trillion yuan.
Preliminary statistics indicated that, in 2015, RMB settlement of cross-boarder trade in goods, cross-boarder trade in services and other current account items, outward FDI and inward FDI amounted to 6391.1 billion yuan, 843.2 billion yuan, 736.2 billion yuan and 1587.1 billion yuan respectively.
Notes:
1. Data for the current period are preliminary figures.
2. Since October 2011, deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions have been included in money supply.
3. Since August 2014, re-exports have been removed from trade in services statistics to be included in trade in goods, reducing the former and expanding the latter correspondingly.
4. The year-on-year M2 growth rate for the current month is calculated on a comparable basis.
5. As of 2015, deposits of non-banking financial institutions are included in RMB deposits, foreign currency deposits and deposits in RMB and foreign currencies; lending to non-banking financial institutions is included in RMB loans, foreign currency loans and loans in RMB and foreign currencies. (Source: PBC Website)
