China's yuan loans grow 14.75t yuan in first 9 months

BEIJING -- China's yuan-denominated loans rose 14.75 trillion yuan (about $2.08 trillion) in the first nine months of the year, central bank data showed on Wednesday.

Of the total, household loans grew 1.1 trillion yuan, and loans to enterprises and public institutions increased by 13.44 trillion yuan, according to the People's Bank of China.

Outstanding yuan loans stood at 270.39 trillion yuan at the end of September, up 6.6 percent year-on-year, according to the central bank.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.4 percent year-on-year to 335.38 trillion yuan at the end of September.

The M1, which covers cash in circulation, demand deposits and client reserves of non-bank payment institutions, stood at 113.15 trillion yuan at the end of last month, up 7.2 percent year-on-year.

The M0, which indicates the amount of cash in circulation, increased 11.5 percent year-on-year to 13.58 trillion yuan at the end of September.

Yuan deposits rose 22.71 trillion yuan in the first nine months, with household deposits contributing 12.73 trillion yuan to that figure.

According to preliminary statistics, the aggregate financing to the real economy was 30.09 trillion yuan in the first nine months, which was 4.42 trillion yuan more than the same period last year.

The outstanding aggregate financing to the real economy stood at 437.08 trillion yuan at the end of September, registering 8.7 percent year-on-year growth.