China's April new bank lending at 739.6 bln yuan

13:58, May 11, 2011      

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China's new bank lending, an important indicator of monetary policy, stood at 739.6 billion yuan (113.8 billion U.S. dollars) in April, a decrease of 20.8 billion yuan from a year earlier, the People's Bank of China said on Wednesday.

By the end of April, the balance of outstanding yuan-denominated loans stood at 50.21 trillion yuan, up 17.5 percent from a year earlier. The rise was 0.4 percentage points lower than that at the end of March and 4.5 percentage points lower than that at the end of April 2010.

China's broad money supply, which covers cash in circulation and all deposits, increased 15.3 percent year on year to 75.73 trillion yuan by the end of April. The rise was 1.3 percentage points lower than that in March and 6.2 percentage points lower than that in last April.

The narrow measure of money supply, cash in circulation plus current corporate deposits, climbed 12.9 percent from a year earlier to 26.68 trillion yuan. The increase was 18.4 percentage points lower than the same period of last year.

The balance of outstanding yuan-denominated deposits rose 17.3 percent year on year to 75.62 trillion yuan by the end of April. The rise was 1.7 percentage points lower than that in March and 4.7 percentage points lower than that in the same period of last year.

New yuan-denominated lending reached 7.95 trillion yuan last year, exceeding the government's 7.5-trillion-yuan target ceiling.

Source: Xinhua
 
 
     
 
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(Editor:张茜)

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