People's Bank of China says financial statistics in Jan positive

People's Bank of China Broad says narrow money rose by 15.9 percent and 15.3 percent respectively. At endJanuary, broad money (M2) stood at 99.21 trillion yuan, increasing by 15.9 percent year-on-year?up 2.1 percentage points from the end of last year and 3.5 percentage points from the same period last year. Narrow money (M1) registered 31.13 trillion yuan, rising by 15.3 percent year-on-year, up 8.8 percentage points from the end of last year and 12.1 percentage points from the same period last year. Currency in circulation (M0) posted 6.25 trillion yuan, increasing by 4.4 percent year-on-year. January saw a net money input of 779 billion yuan.

RMB loans and foreign currency loans increased by 1.07 trillion yuan and US$28.5 billion respectively in January.

At end-January, outstanding RMB and foreign currency loans totaled 68.55 trillion yuan, up 16.4 percent year-onyear. Outstanding RMB loans grew by 15.4 percent year-onyear to 64.08 trillion yuan, accelerating from that at the end of last year and in the same period last year both by 0.4 percentage points.

RMB loans registered an increase of 1.07 trillion yuan in January, up 334 billion yuan year- on- year. By sector, household loans rose by 471.4 billion yuan, with short-term loans and medium and longterm ( MLT) loans increasing by 203.1 billion and 268.3 billion yuan respectively; loans to non- financial enterprises and other sectors rose by 598.6 billion yuan, with short-term loans and MLT loans increasing by 293.5 billion and 309.8 billion yuan respectively and bill financing declining by 33.5 billion yuan. At endJanuary, outstanding foreign currency loans registered US$712 billion, up 32.8 percent year-on-year.