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China's RMB loans increased by 11.14 trillion yuan in the first five months

According to financial statistics released by the People's Bank of China on the 14th, China's RMB loans increased by 11.14 trillion yuan in the first five months, of which loans from enterprises and institutions increased by 9.37 trillion yuan.


According to data released by the People's Bank of China, the balance of RMB loans in China reached 24.873 trillion yuan at the end of May, a year-on-year increase of 9.3%. By sector, in the first five months, household loans increased by 889.1 billion yuan; Loans from enterprises and institutions increased by 9.37 trillion yuan, of which medium and long-term loans increased by 7.11 trillion yuan.

From the perspective of money supply, at the end of May, the balance of broad money (M2) was 301.85 trillion yuan, a year-on-year increase of 7%; The balance of narrow currency (M1) was 64.68 trillion yuan, a year-on-year decrease of 4.2%.

In addition, in the first five months, China's RMB deposits increased by 9 trillion yuan, of which household deposits increased by 7.13 trillion yuan. In addition, social financing data released on the same day showed that at the end of May, the stock of social financing scale in China was 39.1.93 trillion yuan, a year-on-year increase of 8.4%.


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