June Broad money supply growth rate at a record high the People's Bank of China yesterday released statistics showing that by the end of June this year, China's foreign exchange reserves balance of 2.1316 trillion U.S. dollars, the first breakthrough 2 trillion U.S. dollars, an increase of 17.84%. The first half of the country's foreign exchange reserves increased 185.6 billion U.S. dollars, less than 95 billion U.S. dollars. June foreign exchange reserves increased by 42.1 billion U.S. dollars, up to 30.2 billion U.S. dollars. For the rapid growth of foreign exchange reserves, some experts pointed out that, although export growth in the first half sluggish, but import growth is relatively slow, so the trade surplus growth is still faster, coupled with the rapid rebound in domestic asset markets to attract foreign capital inflow, thus ensuring the rapid growth of foreign exchange reserves. The rapid rise in both the deposits and loans has affected the surge in the money supply in June this year. In June, the broad money supply, M2, grew 28.86% from a year earlier, a record high, with monthly growth of 10.64% per cent higher than at the end of last month, and a 2.72% higher than the end of the previous months, according to central bank figures. In June, the M1 balance of the narrow money supply was 19.32 trillion yuan, an increase of 24.79% per cent, an increase of 15.73% from the end of last year, a 6.09% higher than the end of the month, and a M0 balance of the market currency turnover of 3.36 trillion yuan, up 11.46%. The acceleration of M1 growth indicates that the periodic trend of enterprise deposits has been curbed, indicating that the economic activity has increased. The first half of the RMB loans increased 7.37 trillion yuan, the year-on-year increase of 4.92 trillion yuan. From the perspective of the department: Residential loans increased by 1.0607 trillion yuan, more than 599 billion yuan, of which, short-term loans increased by 465.2 billion yuan, medium and long-term loans increased by 595.5 billion yuan, non-financial companies and other sectors of the loan increase of 6.3096 trillion yuan, more than 4.3189 trillion yuan, which, the increase in short-term loans 1.3193 trillion yuan, medium and long-term loans increased by 3.1771 trillion yuan, bill financing increased by 1.7065 trillion yuan. June month, RMB loans increased 1.53 trillion yuan, more than 1.2 trillion yuan. At the end of June, the balance of RMB deposits in the financial institutions was 56.63 trillion yuan, an increase of 29.02%, up 9.29% from the end of last year, 2.34% higher than the end of the month. The first half of RMB deposits increased by 9.99 trillion yuan, more than 5.02 trillion yuan. From the perspective of the sub-departmental situation: household deposits increased by 3.1719 trillion yuan, more than 975.4 billion yuan, the non-financial company deposits increased by 5.8723 trillion yuan, more than 4.2403 trillion yuan, the increase in fiscal deposits 688.3 billion yuan, less than 335.1 billion yuan. Non-financial company deposits, enterprise deposits increased by 5.2934 trillion yuan, more than 3.7665 trillion yuan. June month, RMB deposits increased by 2 trillion yuan, more than 1.23 trillion yuan.
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