In November, China's new bank loans totaled RMB 407.5 billion ($59.68 billion), with RMB 294.8 billion of this figure in Chinese currency. By the end of November, total outstanding bank loans of financial institutions in China stood at RMB 39.59 trillion ($5.8 trillion), up 33.79 percent year on year. This growth rate was up 15.06 percentage points compared with the end of 2008, and was 0.40 of a percentage point lower than at the end of October this year.
Meanwhile, total new bank loans issued in the first eleven months of 2009 reached RMB 9.21 trillion ($1.35 trillion), up RMB 5.06 trillion year on year.
In November, the weighted-average interest rate for inter-bank lending in China was 1.25 percent, down 0.05 of a percentage point month on month.
By the end of November, broad money M2 in China reached RMB 59.46 trillion ($8.71 trillion), a year-on-year increase of 29.74 percent. This increase rate was up 11.92 percentage points compared with the end of 2008, and was 0.23 of a percentage point higher than at the end of October this year. Meanwhile, at the end of November narrow money M1 stood at RMB 21.25 trillion ($3.11 trillion), up 34.63 percent year on year. The M1 growth rate was up 2.60 percentage points over the level one month before.
By the end of November, money in circulation (M0) grew 14.99 percent year on year to RMB 3.63 trillion ($531.59 million). Meanwhile, net cash flow in the January-November period totaled RMB 212.5 billion ($31.12 billion), a rise of RMB 63.8 billion.