China issues 12.92 trillion yuan in new loans in H1

China issued 12.92 trillion yuan (about 1.81 trillion U.S. dollars) in new yuan-denominated loans in the first half of the year, the central bank data showed on Monday.

At the end of June, outstanding yuan loans amounted to 268.56 trillion yuan, up 7.1 percent year on year, according to the People's Bank of China.

In the first six months, household loans increased by 1.17 trillion yuan, while loans to enterprises increased by 11.57 trillion yuan.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.3 percent year on year to 330.29 trillion yuan at the end of June.

The M1, which covers cash in circulation, demand deposits and clients' reserves of non-banking payment institutions, stood at 113.95 trillion yuan at the end of June, up 4.6 percent year on year.

The M0, which indicates the amount of cash in circulation, reached 13.18 trillion yuan at the end of June, an increase of 12 percent year on year.

In the first six months, the net cash injection hit 363.3 billion yuan.

Deposits in yuan rose by 17.94 trillion yuan in the first six months. The balance of deposits in yuan climbed 8.3 percent year on year to 320.17 trillion yuan at the end of June.

In the first half of the year, the newly added social financing amounted to 22.83 trillion yuan, representing a 4.74 trillion yuan increase year on year. ■