As announced by the People's Bank of China (Chinese central bank) on September 11, China's RMB-based new lending in August totaled RMB 545.2 billion ($80.8 billion), up from RMB 532.8 billion ($78.9 billion) in July.
By the end of August, China's broad money supply (M2), which covers cash in circulation and all deposits, was RMB 68.75 trillion ($10.19 trillion), increasing by 19.2 percent year on year. Narrow money supply (M1), i.e., cash in circulation plus current corporate deposits, was RMB 24.43 trillion ($3.62 trillion), rising by 21.9 percent year on year.
Domestic and foreign currency deposits in Chinese banks in August grew by RMB 1.12 trillion ($165.5 billion), with RMB deposits increasing by RMB 1.08 trillion ($160 billion) and foreign currency deposits up by $5.8 billion.