By the end of January 2010, the balance of broad money supply (M2) in China was RMB 62.51 trillion ($9.15 trillion), a year-on-year increase of 25.98 percent but a decrease of 1.7 percent compared with the end of last year. Narrow money supply (M1) in China at the end of January stood at RMB 22.96 trillion ($3.36 trillion), indicating an increase of 38.96 percent year on year, while money in circulation (M0) was down by 0.79 percent year on year to RMB 4.08 trillion ($596.95 billion), with net cash flow in the month in question at RMB 251.2 billion, down by RMB 425.2 billion ($36.75 billion) year on year.
At the end of January, RMB loans of Chinese financial institutions stood at RMB 41.37 trillion ($6.05 trillion), a year-on-year increase of 29.31 percent, with the growth rate down by 2.43 percent compared with the end of 2009.
Domestic and foreign currency deposits at Chinese financial institutions increased by RMB 1.514 trillion ($221.51 billion) during the month of January. With a year-on-year increase of 26.77 percent, the domestic and foreign deposits stood at RMB 62.72 trillion ($9.18 trillion) at the end of January.