China News Service, March 10th, on the 10th, the People's Bank of China released a report on financial statistics for February 2023.

Broad money increased by 12.9%

　　At the end of February, the balance of broad money (M2) was 275.52 trillion yuan, a year-on-year increase of 12.9%, and the growth rates were 0.3 and 3.7 percentage points higher than the end of the previous month and the same period of the previous year, respectively.

The balance of narrow money (M1) was 65.79 trillion yuan, a year-on-year increase of 5.8%, 0.9 percentage points lower than the end of the previous month, and 1.1 percentage points higher than the same period last year.

The balance of money in circulation (M0) was 10.76 trillion yuan, a year-on-year increase of 10.6%.

The net return of cash in the month was 699.9 billion yuan.

Renminbi loans increased by 1.81 trillion yuan in February

　　At the end of February, the balance of domestic and foreign currency loans was 226.71 trillion yuan, a year-on-year increase of 10.8%.

At the end of the month, the balance of RMB loans was 221.56 trillion yuan, a year-on-year increase of 11.6%, and the growth rate was 0.3 and 0.1 percentage points higher than the end of last month and the same period of last year respectively.

　　In February, RMB loans increased by 1.81 trillion yuan, an increase of 592.8 billion yuan year-on-year.

In terms of sectors, household loans increased by 208.1 billion yuan, of which short-term loans increased by 121.8 billion yuan, medium and long-term loans increased by 86.3 billion yuan; loans to enterprises (institutions) increased by 1.61 trillion yuan, of which short-term loans increased by 578.5 billion yuan, Medium and long-term loans increased by 1.11 trillion yuan, bill financing decreased by 98.9 billion yuan; loans from non-banking financial institutions increased by 17.3 billion yuan.

　　At the end of February, the balance of foreign currency loans was US$740.6 billion, a year-on-year decrease of 22.5%.

Foreign currency loans decreased by US$6.7 billion in February, an increase of US$31.6 billion year-on-year.

RMB deposits increased by 2.81 trillion yuan in February

　　At the end of February, the balance of domestic and foreign currency deposits was 274.34 trillion yuan, a year-on-year increase of 11.8%.

At the end of the month, the balance of RMB deposits was 268.2 trillion yuan, a year-on-year increase of 12.4%. The growth rate was the same as that at the end of the previous month, and 2.6 percentage points higher than the same period of the previous year.

　　In February, RMB deposits increased by 2.81 trillion yuan, an increase of 270.5 billion yuan year-on-year.

Among them, household deposits increased by 792.6 billion yuan, non-financial enterprise deposits increased by 1.29 trillion yuan, fiscal deposits increased by 455.8 billion yuan, and non-bank financial institution deposits decreased by 516.3 billion yuan.

　　At the end of February, the balance of foreign currency deposits was US$882.8 billion, a year-on-year decrease of 16.2%.

Foreign currency deposits decreased by US$5.0 billion in February, an increase of US$34.7 billion year-on-year.

In February, the monthly weighted average interest rate of inter-bank RMB market interbank lending was 1.92%, and the monthly weighted average interest rate of pledged bond repurchase was 2.07%

　　In February, the inter-bank RMB market traded 142.23 trillion yuan in total, with an average daily turnover of 7.11 trillion yuan, an increase of 7.3% year-on-year.

Among them, the average daily transaction of interbank lending decreased by 11.8% year-on-year, the average daily transaction of spot bonds increased by 0.1% year-on-year, and the average daily transaction of pledged repo increased by 11% year-on-year.

　　In February, the weighted average interest rate of interbank lending was 1.92%, which was 0.48 percentage points higher than that of the previous month and 0.14 percentage points lower than that of the same period of the previous year.

The weighted average interest rate of pledged repo was 2.07%, 0.51 and 0.01 percentage points higher than the previous month and the same period of the previous year, respectively.

In February, the cross-border RMB settlement amount under the current account was 948.7 billion yuan, and the cross-border RMB settlement amount of direct investment was 537.8 billion yuan

　　In February, the amount of cross-border RMB settlement under the current account was 948.7 billion yuan, of which trade in goods, service trade and other current accounts were 752.9 billion yuan and 195.8 billion yuan respectively; the amount of cross-border RMB settlement for direct investment was 537.8 billion yuan, of which foreign Direct investment and foreign direct investment were 183.3 billion yuan and 354.5 billion yuan respectively.

(China New Finance and Economics)