央行：前十一个月人民币存款增加24.73万亿元，贷款增加15.36万亿元

Core Insights - The People's Bank of China reported that the total increase in RMB deposits for the first eleven months of 2025 was 24.73 trillion yuan [1] Group 1: Social Financing and Loans - As of the end of November 2025, the total social financing stock was 440.07 trillion yuan, reflecting a year-on-year growth of 8.5% [5] - The balance of RMB loans to the real economy was 267.42 trillion yuan, with a year-on-year increase of 6.3% [5] - The total increment of social financing for the first eleven months was 33.39 trillion yuan, which is 3.99 trillion yuan more than the same period last year [7] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.13 trillion yuan, showing a year-on-year decline of 16.5% [5] Group 2: Monetary Supply - The broad money supply (M2) reached 336.99 trillion yuan at the end of November, marking an 8% year-on-year increase [8] - The narrow money supply (M1) was 112.89 trillion yuan, with a year-on-year growth of 4.9% [8] - The cash in circulation (M0) amounted to 13.74 trillion yuan, reflecting a year-on-year increase of 10.6% [8] Group 3: Deposits - The total balance of RMB deposits was 326.96 trillion yuan at the end of November, representing a year-on-year increase of 7.7% [9] - Household deposits increased by 12.06 trillion yuan, while non-financial enterprise deposits rose by 1.09 trillion yuan [9] - The balance of foreign currency deposits was 1.06 trillion USD, showing a year-on-year growth of 28.3% [9] Group 4: Interest Rates and Transactions - The weighted average interest rate for interbank RMB market lending in November was 1.42%, which is 0.03 percentage points higher than the previous month [11][12] - The total transaction volume in the interbank RMB market was 187.7 trillion yuan, with an average daily transaction of 9.38 trillion yuan [11] Group 5: Cross-Border Transactions - In November, the amount of cross-border RMB settlements under the current account was 1.49 trillion yuan [13] - The direct investment cross-border RMB settlement amount was 0.71 trillion yuan, with 0.26 trillion yuan for outward direct investment and 0.45 trillion yuan for foreign direct investment [13]