In October, China's new bank loans totaled RMB 363.9 billion, with RMB loans of RMB 253 billion and foreign currency loans of $16.3 billion. By the end of October, total outstanding bank loans of financial institutions in China stood at RMB 41.75 trillion, up 34.52 percent year on year. Meanwhile, total bank loans issued in the first ten months of 2009 reached RMB 9.71 trillion, up RMB 5.89 trillion year on year.
China's new deposits in October reached RMB 291.5 billion, with RMB 289.7 billion in the Chinese currency and $300 million in foreign currencies. By the end of October, total deposits at Chinese financial institutions amounted to RMB 60.08 trillion, up 27.46 percent year on year. Meanwhile, total deposits in the first ten months of 2009 reached RMB 12.12 trillion, up RMB 5.08 trillion year on year.
In October, the weighted-average interest rate for inter-bank lending in China was 1.30 percent, up 0.03 of a percentage point month on month.
By the end of October, broad money M2 in China reached RMB 58.62 trillion, a year-on-year increase of 29.42 percent. This increase rate was up 11.60 percentage points compared with the end of 2008, and was 0.12 of a percentage point higher than at the end of September this year. Meanwhile, at the end of October narrow money M1 stood at RMB 20.75 trillion, up 32.03 percent year on year. The M1 growth rate was up 2.53 percentage points over the level one month before.