The preliminary financial statistics 2012 prepared by the People’s Bank of China (PBC) is out as below. Data for the current period are preliminary figures. As of October 2011, monetary aggregates have included deposits of housing provident fund centers and non-depository financial institutions’ deposits with depository financial institutions.
1. Broad money and narrow money rose by 13.8 percent and 6.5 percent respectively at the year-end
At end-2012, broad money (M2) stood at 97.42 trillion yuan, increasing by 13.8 percent year-on-year, down 0.1 percentage points from end-November but up 0.2 percentage points from end-2011. Narrow money (M1) registered 30.87 trillion yuan, rising by 6.5 percent year-on-year, up 1.0 percentage point from end-November but down 1.4 percentage points from end-2011. Currency in circulation (M0) posted 5.47 trillion yuan, increasing by 7.7 percent year-on-year. Net money input for the full year posted 391 billion yuan, down 225.1 billion yuan year-on-year.
2. RMB loans and foreign currency loans increased by 8.20 trillion yuan and US$145.1 billion respectively for the full year
At end-2012, outstanding RMB and foreign currency loans totaled 67.29 trillion yuan, up 15.6 percent year-on-year. Outstanding RMB loans rose by 15.0 percent year-on-year to 62.99 trillion yuan, a deceleration of 0.7 percentage points from end-November and 0.8 percentage points from end-2011. RMB loans registered an increase of 8.20 trillion yuan for the full year, up 732 billion yuan year-on-year. By sector, loans to households rose by 2.52 trillion yuan, with short-term loans and medium and long-term (MLT) loans increasing by 1.19 trillion and 1.33 trillion yuan respectively; loans to non-financial enterprises and other sectors rose by 5.66 trillion yuan, with short-term loans, MLT loans and bill financing increasing by 3.37 trillion, 1.54 trillion and 530.1 billion yuan respectively. In December, RMB loans grew by 454.3 billion yuan, down 186.3 billion yuan year-on-year. At end-2012, outstanding foreign currency loans registered US$683.6 billion, up 26.9 percent year-on-year. Foreign currency loans increased by US$145.1 billion for the full year.
3. RMB deposits and foreign currency deposits rose by 10.81 trillion yuan and US$131.4 billion respectively for the full year
At end-2012, the outstanding amount of RMB and foreign currency deposits registered 94.29 trillion yuan, up 14.1 percent year-on-year. RMB deposits registered an outstanding balance of 91.74 trillion yuan, rising by 13.3 percent year-on-year, down 0.1 percentage points from end-November and 0.2 percentage points from end-2011. RMB deposits rose by 10.81 trillion yuan for the full year, up 1.17 trillion yuan year-on-year. Specifically, household deposits and deposits of non-financial enterprises increased by 5.71 trillion and 2.75 trillion yuan respectively while fiscal deposits declined by 197.4 billion yuan. In December，RMB deposits increased by 1.58 trillion yuan, up 152.8 billion yuan year-on-year. At end-2012, the outstanding amount of foreign currency deposits was US$406.5 billion, up 47.8 percent year-on-year. Foreign currency deposits grew by US$131.4 billion for the full year.
4. The monthly weighted average interbank lending rate for December stood at 2.61 percent and the monthly weighted average interest rate on bond pledged repos posted 2.62 percent
RMB trading in the interbank market totaled 263.61 trillion yuan for the full year. The average daily turnover posted 1.06 trillion yuan, up 34.7 percent year-on-year.
The monthly weighted average interbank RMB lending rate for December stood at 2.61 percent, up 0.04 percentage points from the previous month but down 0.72 percentage points from the same period a year earlier.The monthly weighted average interest rate on bond pledged repos registered 2.62 percent, representing a rise of 0.07 percentage points from the previous month and a fall of 0.75 percentage points from the same period a year earlier.
5. Official foreign exchange reserves stood at US$3.31 trillion
At end-2012, China’s foreign exchange reserves stood at US$3.31 trillion and the RMB exchange rate was 6.2855 yuan per US dollar.
6. RMB cross-border trade settlement and RMB settlement of direct investment amounted to 2.94 trillion and 280.2 billion yuan respectively for the full year
According to preliminary statistics, in 2012, RMB settlement in cross-border trade in goods, cross-border trade in services and other current accounts, outbound FDI and inbound FDI amounted to 2.06 trillion, 875.2 billion, 29.2 billion and 251 billion yuan respectively.