China's yuan loans grow 14.97t yuan in first 10 months

BEIJING -- China's yuan-denominated loans rose 14.97 trillion yuan ($2.11 trillion) in the first 10 months of the year, central bank data showed on Thursday.

Of the total, household loans grew 739.6 billion yuan, while loans to enterprises and public institutions increased by 13.79 trillion yuan, according to the People's Bank of China.

Outstanding yuan loans stood at 270.61 trillion yuan at the end of October, up 6.5 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 8.2 percent year-on-year to 335.13 trillion yuan at the end of October.

The M1, which covers cash in circulation, demand deposits and client reserves of non-bank payment institutions, stood at 112 trillion yuan at the end of last month, up 6.2 percent year-on-year.

The M0, which indicates the amount of cash in circulation, increased 10.6 percent year-on-year to 13.55 trillion yuan at the end of October.

Yuan deposits rose 23.32 trillion yuan in the first 10 months, with household deposits contributing 11.39 trillion yuan to that figure.

At the end of October, the total social financing stock in China reached 437.72 trillion yuan, marking an 8.5 percent increase year-on-year.

During the first 10 months, the newly added social financing amounted to 30.9 trillion yuan, representing a 3.83 trillion yuan increase from the same period of the previous year.