Financial Statistics H1 2010
In H1 2010, in accordance with the
decisions of the CPC Central Committee and the State Council, the PBC continued
to implement a moderately loose monetary policy. At the same time, it placed emphasis
on enhancing the targeting and flexibility of macro regulation so as to provide
active guidance on the reasonable and balanced injection of money and credit.
Overall, the growth of money and credit dropped, the financial system performed
stably and the upturn in the national economy was solidified.
1. Broad money rises by 18.5%
At end-June, broad money (M2) stood at RMB67.39
trillion, increasing 18.5% year on year, down 2.5 and 9.2 percentage points
from the end of last month and end-2009 respectively. Narrow money (M1)
registered RMB24.06 trillion, rising 24.6% year on year, down 5.3 and 7.8
percentage points from the end of last month and end-2009 respectively. Cash in
circulation (M0) grew 15.7% year on year to RMB3.89 trillion. Net cash
injection in H1 totaled RMB65.8 billion, as compared with the net withdrawal of
RMB57.8 billion in the same period a year earlier.
2. RMB loans by
financial institutions grow by RMB4.63 trillion
At end-June, outstanding RMB and
foreign currency loans totaled RMB47.4 trillion, up 19.2% year on year. In H1
2010, RMB and foreign currency loans increased by RMB4.84 trillion,
decelerating by RMB2.89 trillion year on year. Outstanding RMB loans registered
RMB44.61 trillion, up 18.2% year on year, 3.3 and 13.5 percentage points lower
than the end of last month and end-2009 respectively. RMB loans rose by RMB4.63
trillion in H1, down RMB2.74 trillion year on year. By sector, loans to
households expanded by RMB1.74 trillion, with short-term loans and long and
medium-term loans increasing by RMB532.9 billion and 1.21 trillion
respectively; loans to non-financial enterprises and other sectors rose by RMB2.9 trillion: in breakdown,
short-term loans and long and medium-term loans increased by RMB736.1 billion
and 2.75 trillion respectively while bill financing decreased by RMB652.4
billion. In June, RMB loans rose by RMB603.4 billion, down RMB927 billion year
on year. Outstanding foreign currency loans registered RMB411.7 billion, up
39.4% year on year. Foreign currency loans increased by USD32.3 billion in H1.
3. RMB deposits with financial institutions increase
by RMB7.63 trillion
At end-June, outstanding RMB and
foreign currency deposits totaled RMB68.85 trillion, up 18.6% year on year. RMB
and foreign currency deposits recorded a growth of RMB7.65 trillion in H1, decelerating
by RMB2.43 trillion year on year. Outstanding RMB deposits registered RMB67.41 trillion,
rising 19% year on year, 2 and 9.2 percentage points lower than the end of last
month and end-2009 respectively. RMB deposits rose by RMB7.63 trillion in H1,
decelerating by RMB2.35 trillion year on year: In breakdown, household deposits,
deposits of non-financial enterprises and fiscal deposits increased by RMB2.76
trillion, 2.94 trillion and 970.7 billion respectively. RMB deposits registered
an increase of RMB1.33 trillion in June, down RMB664.7 billion year on year.
Outstanding foreign currency deposits rose by 2.2% year on year to USD212.7
billion. In H1, foreign
currency deposits rose by USD4 billion.
4. Interbank market
transactions are brisk and market rates go up
In H1, RMB
transactions in the interbank market amounted to RMB74.0 trillion. The average
daily turnover registered RMB606.5 billion, increasing by 13.4% year on year.
In June, the monthly weighted average interbank
lending rate stood at 2.31%, up 0.64 and 1.06 percentage points from the
previous month and December of 2009 respectively. The monthly weighted average interest
rate on bond pledged repo registered 2.38%, 0.67 and 1.12 percentage points
higher than the previous month and December of 2009.
5. Official foreign exchange
reserves increase by 15.1%
At end-June, China´s foreign exchange reserves reached USD2.4543
trillion, registering an increase of 15.1% year on year. At end-June, the RMB
exchange rate stood at RMB6.7909 per USD.
Sources and Uses of RMB and
Foreign Currency Credit Funds
of Financial Institutions (By Sector)
|
|
June 2010
Unit: RMB100 million
|
|
Fund Source
|
Balance
|
Fund Use
|
Balance
|
|
I. Total
Deposits
|
688539.80
|
I. Total Loans
|
474012.80
|
|
1.Household Deposits
|
296174.31
|
1. Domestic Loans
|
467321.45
|
|
(1) Demand Deposits and Temporary
Deposits
|
113351.54
|
(1)
Loans to Households
|
101303.54
|
|
(2) Time Deposits and Margin
Deposits
|
182822.78
|
① Consumer Loans
|
67427.21
|
|
2.Deposits of Non-Financial
Enterprises
|
289520.55
|
Short-Term
Consumer Loans
|
7790.20
|
|
3. Deposits of
Government
Agencies and Organizations
|
57416.67
|
Long and
Medium–Term Consumer Loans
|
59637.00
|
|
4. Fiscal Deposits
|
32116.36
|
② Business Loans
|
33876.33
|
|
5.
Other Deposits
|
13311.91
|
Short-Term
Business Loans
|
22843.58
|
|
II.
Liabilities to International
Financial Institutions
|
719.09
|
Long and Medium-Term
Business Loans
|
11032.75
|
|
III. Others
|
-116149.28
|
(2) Loans
to Non-Financial
Enterprises and Other Sectors
|
366017.92
|
|
|
|
① Short-Term Loans and Bill
Financing
|
146089.08
|
|
|
|
Short-Term Loans
|
128717.48
|
|
|
|
Bill
Financing
|
17371.60
|
|
|
|
② Long and Medium-Term Loans
|
203718.45
|
|
|
|
③ Other Loans
|
16210.39
|
|
|
|
2.
Overseas Loans
|
6691.34
|
|
|
|
II. Portfolio
and Investment
|
96756.43
|
|
|
|
III. Purchase
of Gold
|
669.84
|
|
|
|
IV. Assets in International
Financial Institutions
|
1670.55
|
|
|
|
|
|
|
Total
|
573109.61
|
Total
|
573109.61
|
|
Notes:
1. Institutions referred to in this table include the
People's Bank of China, depository financial institutions in the banking
sector, trust and investment companies, leasing companies and auto finance
companies.
2. Household deposits mainly includes savings
deposits of residents and domestic deposits of individuals.
3. Since Jan. 1, 2010, the former deposits of non-financial companies has been
renamed deposits of non-financial enterprises. The item now covers a
smaller range statistically as deposits of government agencies and
organizations and army deposits, formerly under the
item, have been taken out to list separately as deposits
of government agencies and organizations.
Consequently, deposits of non-financial enterprises and deposits of
government agencies and organizations in the tables of 2010 are not
comparable to the same periods in past years.
4. Other deposits includes insurance companies´
deposits in the banking sector and non-residents´ deposits.
5. Loans to households includes domestic
consumer loans and business loans to individuals and households. Loans to
non-financial enterprises and other sectors includes domestic loans to
non-financial enterprises and institutions. Other loans includes
financing for enterprises in forms other than lending and bill financing.
|
|
Sources and Uses of RMB and Foreign Currency Credit Funds of
Financial Institutions
|
|
June 2010 Unit:
RMB100 million
|
|
Fund Source
|
Balance
|
Fund Use
|
Balance
|
|
I. Total
Deposits
|
688539.80
|
I. Total
Loans
|
474012.80
|
|
1.Demand Deposits and Time Deposits of
Enterprises
|
234540.45
|
1.Short-Term Loans
|
159525.65
|
|
(1)
Demand Deposits
|
152232.99
|
2.Long and Medium-Term Loans
|
280897.71
|
|
(2)
Time Deposits
|
82307.47
|
3.Entrusted
Loans
|
5481.90
|
|
2. Savings
Deposits
|
292049.69
|
4. Other Loans
|
10553.29
|
|
(1)
Demand Deposits
|
114348.52
|
5.
Bill Financing
|
17371.60
|
|
(2)
Time Deposits
|
177701.17
|
6.
Advances
|
182.64
|
|
3.Entrusted
Deposits
|
6106.37
|
II. Portfolio
and Investment
|
96756.43
|
|
4.Other Deposits
|
155843.29
|
III. Purchase
of Gold
|
669.84
|
|
II.
Liabilities to International
Financial Institutions
|
719.09
|
IV. Assets in International
Financial
Institutions
|
1670.55
|
|
III. Others
|
-116149.28
|
|
|
|
|
|
|
|
|
Total
|
573109.61
|
Total
|
573109.61
|
|
Notes:
1.
Institutions referred to in this table include
the People's Bank of China, depository financial institutions in the banking
sector, trust and investment companies, leasing companies and auto finance
companies.
2.
Depository financial institutions in the
banking sector include banks, credit unions and finance companies.
3.
Since 2010, the former trust deposits
and trust loans have been incorporated respectively into entrusted
deposits and entrusted loans.
4.
Applied in this table are end-period spot
foreign exchange rates.
|
|
Sources and Uses of RMB Credit Funds of Financial Institutions (By
Sector)
|
|
June 2010
Unit: RMB100 million
|
|
Fund Source
|
Balance
|
Fund Use
|
Balance
|
|
I. Total
Deposits
|
674097.88
|
I. Total
Loans
|
446052.20
|
|
1.Household Deposits
|
292206.83
|
1. Domestic Loans
|
445955.90
|
|
(1) Demand Deposits and Temporary Deposits
|
112035.55
|
(1)
Loans to Households
|
101266.05
|
|
(2) Time Deposits and Margin Deposits
|
180171.28
|
① Consumer Loans
|
67389.72
|
|
2. Deposits of Non-Financial
Enterprises
|
280935.08
|
Short-Term
Consumer Loans
|
7764.00
|
|
(1) Demand Deposits and Temporary Deposits
|
169841.47
|
Long
and Medium-Term Consumer Loans
|
59625.72
|
|
(2) Time Deposits and Margin Deposits
|
111093.62
|
② Business Loans
|
33876.33
|
|
3. Deposits of Government Agencies and Organizations
|
57416.67
|
Short-Term
Business Loans
|
22843.58
|
|
4.Fiscal Deposits
|
32116.36
|
Long and
Medium-Term Business Loans
|
11032.75
|
|
5.Other Deposits
|
11422.95
|
(2) Loans
to Non-Financial
Enterprises and Other Sectors
|
344689.85
|
|
II. Financial
Bonds
|
12929.74
|
①Short-Term Loans and
Bill
Financing
|
140995.93
|
|
III. Cash in
Circulation
|
38904.85
|
Short-Term Loans
|
123653.34
|
|
IV. Liabilities to International
Financial
Institutions
|
719.09
|
Bill
Financing
|
17342.59
|
|
V. Others
|
19117.53
|
②Long and Medium-Term
Loans
|
196194.86
|
|
|
|
③ Other Loans
|
7499.06
|
|
|
|
2. Overseas Loans
|
96.30
|
|
|
|
II. Portfolio
and Investment
|
91435.65
|
|
|
|
III. Purchase
of Gold
|
669.84
|
|
|
|
IV. Purchase of Forex
|
205940.83
|
|
|
|
V. Assets in International
Financial
Institutions
|
1670.55
|
|
Total
|
745769.08
|
Total
|
745769.08
|
Sources and Uses of RMB Credit
Funds of Financial Institutions
|
|
|
June
2010
Unit: RMB100 million
|
|
|
Fund
Source
|
Balance
|
Fund
Use
|
Balance
|
|
|
I. Total Deposits
|
674097.88
|
I. Total Loans
|
446052.20
|
|
|
1. Demand and Time Deposits of Enterprises
|
226678.88
|
1. Domestic Loans
|
445955.90
|
|
|
2. Fiscal Deposits
|
32116.36
|
(1) Short-Term Loans
|
154260.92
|
|
|
3. Deposits of Government
Agencies and
Organizations
|
57416.67
|
①Personal Loans and Overdrafts
|
30607.58
|
|
|
4. Savings Deposits
|
288130.13
|
②Regular Loans and Overdrafts to
Non-Individuals
|
116845.79
|
|
|
(1) Demand Deposits
|
113036.11
|
③ Regular M&A Loans
|
19.91
|
|
|
(2) Time Deposits
|
175094.02
|
④ Syndicated Loans
|
732.05
|
|
|
5. Agricultural Deposits
|
15241.06
|
⑤ Trade Financing
|
6055.59
|
|
|
6. Entrusted Deposits
|
6013.30
|
(2) Long and
Medium-Term Loans
|
266853.33
|
|
|
7. Other Deposits
|
48501.49
|
① Personal Loans
|
70658.47
|
|
|
II. Financial
Bonds
|
12929.74
|
②Regular Loans to Non-Individuals
|
176274.28
|
|
|
III. Cash in
Circulation
|
38904.85
|
③ Regular M&A Loans
|
334.50
|
|
|
IV. Liabilities
to International
Financial Institutions
|
719.09
|
④ Syndicated Loans
|
17746.33
|
|
|
V. Others
|
19117.53
|
⑤ Trade Financing
|
1839.75
|
|
|
|
|
(3) Financial Leasing
|
1946.21
|
|
|
|
|
(4) Entrusted Loans
|
5403.24
|
|
|
|
|
(5) Bill Financing
|
17342.59
|
|
|
|
|
(6) Advances
|
149.61
|
|
|
|
|
2. Overseas
Loans
|
96.30
|
|
|
|
|
II. Portfolio and
Investment
|
91435.65
|
|
|
|
|
III. Purchase of
Gold
|
669.84
|
|
|
|
|
IV. Purchase of
Forex
|
205940.83
|
|
|
|
|
V. Assets in
International
Financial Institutions
|
1670.55
|
|
|
|
|
|
|
|
|
Total
|
745769.08
|
Total
|
745769.08
|
|
|
Notes:
1.
Institutions referred to in this table include
the People's Bank of China, depository financial institutions in the banking
sector, trust and investment companies, leasing companies and auto finance
companies.
2.
Depository financial institutions in the
banking sector include banks, credit unions and finance companies.
3. Since 2010, the former trust deposits
and trust loans have been incorporated respectively into entrusted
deposits and entrusted loans.
|
|
|
|
|
Sources and Uses of Foreign Currency Credit Funds of
Financial Institutions
|
June 2010 Unit:
USD100 million
|
|
Fund Source
|
Balance
|
Fund Use
|
Balance
|
|
I. Total Deposits
|
2126.66
|
I. Total Loans
|
4117.36
|
|
1.
Demand Deposits and Time Deposits of Enterprises
|
1157.66
|
1. Domestic
Loans
|
3146.20
|
|
2. Savings
Deposits
|
