Core Insights - The People's Bank of China released financial statistics for the first half of 2025, indicating a significant increase in social financing and loans to the real economy compared to the previous year [1][2]. Group 1: Social Financing and Loans - The total social financing increment for the first half of 2025 reached 22.83 trillion yuan, an increase of 4.74 trillion yuan year-on-year [1]. - The increase in RMB loans to the real economy was 12.74 trillion yuan, which is 279.6 billion yuan more than the previous year [1]. - Foreign currency loans to the real economy decreased by 63.8 billion yuan, a decline of 55.8 billion yuan year-on-year [1]. - Trust loans increased by 144.3 billion yuan, but this was a decrease of 165.5 billion yuan compared to the previous year [1]. - Net financing through corporate bonds was 1.15 trillion yuan, down 256.2 billion yuan year-on-year, while government bonds saw a net financing of 7.66 trillion yuan, an increase of 432 billion yuan [1]. Group 2: Monetary Statistics - As of June 2025, the total social financing stock was 430.22 trillion yuan, reflecting an 8.9% year-on-year growth [2]. - The balance of RMB loans to the real economy was 265.22 trillion yuan, with a year-on-year increase of 7% [2]. - The balance of foreign currency loans was 1.22 trillion yuan, showing a decline of 26.6% year-on-year [2]. - The broad money supply (M2) stood at 330.29 trillion yuan, with an 8.3% year-on-year growth [4]. Group 3: Deposits and Interest Rates - The total balance of deposits (both RMB and foreign currency) was 327.46 trillion yuan, with an 8.6% year-on-year increase [7]. - The average weighted interest rate for interbank RMB market lending was 1.46%, lower than both the previous month and the same month last year [9]. - The average weighted interest rate for pledged bond repos was 1.5%, also lower than the previous month and year [9]. Group 4: Foreign Exchange and Cross-Border Transactions - The national foreign exchange reserves were reported at 3.32 trillion USD as of June 2025 [9]. - The cross-border RMB settlement amount under current accounts reached 8.3 trillion yuan, with direct investment cross-border RMB settlements amounting to 4.11 trillion yuan [9].

Core Insights - The social financing scale in Liaoning Province increased by 279.3 billion yuan in the first half of 2025, marking the highest level for the same period in the past decade [1] - The total RMB loan balance of financial institutions in Liaoning reached 5.36 trillion yuan by the end of June 2025, with an increase of 167.3 billion yuan since the beginning of the year, and a year-on-year increase of 130.1 billion yuan [1] Loan Structure - State-owned banks maintained a high growth rate in lending [1] - Inclusive small and micro loans grew by over 20%, with a balance of 473.1 billion yuan at the end of June, reflecting a year-on-year growth of 21.5%, which is 7.1 percentage points higher than the previous quarter [1] - Loans for scientific research and technical services increased significantly, with a balance of 32.4 billion yuan, showing a year-on-year growth of 65.01% [1] - Manufacturing loans also saw a year-on-year increase, with a balance of 698.8 billion yuan at the end of June, an increase of 43.5 billion yuan since the beginning of the year, and a year-on-year increase of 40.8 billion yuan [1] Deposits Overview - The total RMB deposit balance of financial institutions in Liaoning reached 8.54 trillion yuan, reflecting a year-on-year growth of 4% [1] - Household deposits and non-financial enterprise deposits stood at 6.48 trillion yuan and 1.01 trillion yuan, respectively [1]

Key Points - The central bank reported that in the first half of the year, RMB loans increased by 12.92 trillion yuan, and the cumulative social financing scale increased by 22.83 trillion yuan, which is 4.74 trillion yuan more than the same period last year [2][13] Monetary Growth - As of the end of June, the broad money (M2) balance was 330.29 trillion yuan, with a year-on-year growth of 8.3%. The narrow money (M1) balance was 113.95 trillion yuan, growing by 4.6% year-on-year. The currency in circulation (M0) was 13.18 trillion yuan, with a year-on-year increase of 12% [2] RMB Loans - By the end of June, the balance of RMB loans was 268.56 trillion yuan, reflecting a year-on-year growth of 7.1%. In the first half of the year, RMB loans increased by 12.92 trillion yuan, with household loans increasing by 1.17 trillion yuan and corporate loans increasing by 11.57 trillion yuan [3] RMB Deposits - The balance of RMB deposits reached 320.17 trillion yuan by the end of June, with a year-on-year growth of 8.3%. In the first half of the year, RMB deposits increased by 17.94 trillion yuan, with household deposits increasing by 10.77 trillion yuan [5] Foreign Currency Loans and Deposits - The balance of foreign currency loans was 560.9 billion USD, showing a year-on-year decrease of 10.6%. In the first half of the year, foreign currency loans increased by 18.8 billion USD. The balance of foreign currency deposits was 1.02 trillion USD, with a year-on-year growth of 21.7% [4][6] Interbank Market Rates - In June, the weighted average interest rate for interbank RMB market lending was 1.46%, lower than the previous month and the same period last year. The weighted average interest rate for pledged bond repurchase was 1.5%, also lower than the previous month and the same period last year [6] Foreign Exchange Reserves - By the end of June, the national foreign exchange reserves stood at 3.32 trillion USD, with the RMB exchange rate at 1 USD to 7.1586 RMB [7] Cross-Border RMB Settlement - In the first half of the year, the cross-border RMB settlement amount under current accounts was 8.3 trillion yuan, with direct investment cross-border RMB settlement amounting to 4.11 trillion yuan [8]

央行发布数据，6月末，本外币存款余额327.46万亿元，同比增长8.6%。月末人民币存款余额320.17万 亿元，同比增长8.3%。上半年人民币存款增加17.94万亿元。其中，住户存款增加10.77万亿元，非金融 企业存款增加1.77万亿元，财政性存款增加1.25万亿元，非银行业金融机构存款增加2.55万亿元。6月 末，外币存款余额1.02万亿美元，同比增长21.7%。上半年外币存款增加1655亿美元。 ...

Group 1: Monetary Supply and Growth - As of the end of May, the broad money supply (M2) reached 325.78 trillion yuan, showing a year-on-year growth of 7.9% [1] - The narrow money supply (M1) stood at 108.91 trillion yuan, with a year-on-year increase of 2.3% [1] - The currency in circulation (M0) was 13.13 trillion yuan, reflecting a year-on-year growth of 12.1% [1] - In the first five months, a net cash injection of 306.4 billion yuan was recorded [1] Group 2: Social Financing and Loans - The total social financing scale increased by 18.63 trillion yuan in the first five months, which is 3.83 trillion yuan more than the same period last year [2] - The balance of loans to the real economy reached 262.86 trillion yuan, with a year-on-year growth of 7% [3] - In the first five months, RMB loans increased by 10.68 trillion yuan, with household loans rising by 572.4 billion yuan and corporate loans increasing by 9.8 trillion yuan [4] Group 3: Deposits and Financial Market Rates - The total RMB deposits increased by 14.73 trillion yuan in the first five months, with household deposits rising by 8.3 trillion yuan [5] - The weighted average interbank lending rate in May was 1.55%, down 0.3 percentage points from the same period last year [6] - The loan market quotation rate for one-year loans was 3.00%, and for loans over five years, it was 3.50%, both lower by 0.1 percentage points compared to the end of last year [7] Group 4: Currency Exchange Rates - As of the end of May, the CFETS RMB exchange rate index was 95.96, down 5.43% from the end of last year [8] - The RMB to USD exchange rate was 7.1848, appreciating by 0.05% compared to the end of last year, while the RMB depreciated against the Euro and Yen by 7.80% and 7.28% respectively [8]

Core Insights - The People's Bank of China Shanghai Headquarters reported that as of the end of April, the total balance of deposits in Shanghai reached 22.14 trillion yuan, reflecting a year-on-year growth of 5.8%, which is an increase of 0.4 percentage points compared to the end of the previous month [1] Deposit Breakdown - The balance of RMB deposits stood at 20.88 trillion yuan, with a year-on-year growth of 5.4%, marking an increase of 0.5 percentage points from the previous month [1] - The balance of foreign currency deposits was 176.3 billion USD, showing a year-on-year increase of 11%, although the growth rate decreased by 1.3 percentage points compared to the previous month [1] Monthly Changes - In April, RMB deposits increased by 147.2 billion yuan, which is 95.3 billion yuan more than the same month last year [1] - Household deposits decreased by 27.3 billion yuan, which is a reduction of 16 billion yuan compared to the previous year [1] - Non-financial enterprise deposits fell by 49.1 billion yuan, which is a larger decrease of 54.9 billion yuan year-on-year [1] - Fiscal deposits increased by 39.5 billion yuan, which is a slight decrease of 0.7 billion yuan compared to the previous year [1] - Deposits from non-bank financial institutions rose by 196.7 billion yuan, which is an increase of 179 billion yuan year-on-year [1] - Foreign currency deposits decreased by 2.7 billion USD, which is a larger decline of 2.1 billion USD compared to the previous year [1]

Monetary Growth - As of the end of April, the broad money supply (M2) reached 325.17 trillion yuan, growing by 8% year-on-year [2] - The narrow money supply (M1) stood at 109.14 trillion yuan, with a year-on-year increase of 1.5% [2] - The currency in circulation (M0) amounted to 13.14 trillion yuan, reflecting a year-on-year growth of 12% [2] Loan and Deposit Statistics - By the end of April, the total RMB loans increased by 1.006 trillion yuan in the first four months, with the total RMB loan balance at 265.7 trillion yuan, up 7.2% year-on-year [3] - The total RMB deposits rose by 1.255 trillion yuan in the first four months, with the RMB deposit balance at 314.78 trillion yuan, also up 8% year-on-year [4] Interbank Market Activity - In April, the average weighted interest rate for interbank RMB lending was 1.73%, down 0.12 percentage points from the previous month and 0.14 percentage points from the same period last year [5] - The total transaction volume in the interbank RMB market reached 176.45 trillion yuan in April, with an average daily transaction of 8.02 trillion yuan, a year-on-year decrease of 4% [5] Cross-Border RMB Settlement - In April, the cross-border RMB settlement amount under the current account was 1.51 trillion yuan, with direct investment cross-border RMB settlement amounting to 0.72 trillion yuan [6] Social Financing Scale - As of the end of April, the total social financing scale was 424.0 trillion yuan, growing by 8.7% year-on-year [8] - The balance of RMB loans to the real economy was 262.27 trillion yuan, increasing by 7.1% year-on-year [8] Incremental Social Financing - In the first four months of 2025, the cumulative increase in social financing was 16.34 trillion yuan, which is 3.61 trillion yuan more than the same period last year [11] - The increase in RMB loans to the real economy was 9.78 trillion yuan, which is 339.7 billion yuan more than the previous year [11]

央行：前四个月人民币存款增加12.55万亿元 金十数据5月14日讯，4月末，本外币存款余额321.68万亿元，同比增长8.2%。月末人民币存款余额 314.78万亿元，同比增长8%。前四个月人民币存款增加12.55万亿元。其中，住户存款增加7.83万亿 元，非金融企业存款增加4103亿元，财政性存款增加1.19万亿元，非银行业金融机构存款增加1.88万亿 元。4月末，外币存款余额9582亿美元，同比增长16.1%。前四个月外币存款增加1053亿美元。 ...

央行：前四个月人民币贷款增加10.06万亿元，前四个月人民币存款增加12.55万亿元。 ...

4月13日，央行公布2025年3月以及一季度金融统计数据报告。 一、广义货币增长7% 3月末，广义货币(M2)余额326.06万亿元,同比增长7%。狭义货币(M1)余额113.49万亿元,同比增长 1.6%。流通中货币(M0)余额13.07万亿元,同比增长11.5%。一季度净投放现金2498亿元。 二、一季度人民币贷款增加9.78万亿元 3月末，本外币贷款余额269.26万亿元，同比增长6.9%。月末人民币贷款余额265.41万亿元，同比增 长7.4%。 一季度人民币贷款增加9.78万亿元。分部门看，住户贷款增加1.04万亿元，其中，短期贷款增加1603 亿元，中长期贷款增加8832亿元；企（事）业单位贷款增加8.66万亿元，其中，短期贷款增加3.51万 亿元，中长期贷款增加5.58万亿元，票据融资减少5442亿元；非银行业金融机构贷款减少866亿元。 3月末，外币贷款余额5357亿美元，同比下降20.1%。一季度外币贷款减少64亿美元。 六、一季度经常项下跨境人民币结算金额为3.96万亿元，直接投资跨境人民币结算金额为2.09万亿元 三、一季度人民币存款增加12.99万亿元 一季度，经常项下跨境人民币结算金 ...