China's Financial Operation Features Good Stability

Sources from People's Bank of China say China's financial operation features good stability after advent of the new millennium. At the end of January, broad-sense-currency (M2) balance stood at over 12.12 trillion yuan, an increase of 14.9%; narrow-sense-currency (M1) balance was kept at over 4.65 trillion yuan, an increase of 19.4%.

Market cash circulation (M0) topped 1.60 trillion yuan, an increase of 34%. January's net cash investment amounted to 263.8 billion yuan. By the end of January, the financial institutions' loan balances in China were placed at over 9.38 trillion yuan, an increase of 12.8%; loans issued at the same time increased by 67.7 billion yuan, 53.3 billion yuan more over last. Moreover, deposit balances were at over 10.77 trillion yuan, an increase of 12.3%, along with a savings deposits balance at over 6.02 trillion yuan, an increase of 11% over last. Meanwhile, 88.6 billion yuan more of deposits were witnessed in January to show a much great growth since last April.

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