Group 1: Social Financing Scale - The total social financing scale reached 440.07 trillion yuan by the end of November 2025, showing a year-on-year growth of 8.5% [2] - The balance of RMB loans to the real economy was 267.42 trillion yuan, increasing by 6.3% year-on-year, while foreign currency loans decreased by 16.5% [2] - The cumulative increase in social financing for the first eleven months of 2025 was 33.39 trillion yuan, which is 3.99 trillion yuan more than the same period last year [4] Group 2: Monetary Supply - The broad money supply (M2) stood at 336.99 trillion yuan at the end of November, reflecting an 8% year-on-year increase [5] - The narrow money supply (M1) was 112.89 trillion yuan, with a year-on-year growth of 4.9% [5] - The cash in circulation (M0) reached 13.74 trillion yuan, marking a 10.6% increase year-on-year [5] Group 3: Deposits and Loans - The total deposits in both domestic and foreign currencies amounted to 334.46 trillion yuan, with RMB deposits at 326.96 trillion yuan, showing a year-on-year increase of 7.7% [6] - RMB loans increased by 15.36 trillion yuan in the first eleven months, with household loans rising by 5.33 trillion yuan [7] - Foreign currency loans totaled 542.9 billion USD, experiencing a year-on-year decline of 1.6% [7] Group 4: Interbank Market - The weighted average interest rate for interbank RMB market lending was 1.42% in November, up by 0.03 percentage points from the previous month [8] - The total transaction volume in the interbank RMB market reached 187.7 trillion yuan, with a daily average transaction of 9.38 trillion yuan [8] Group 5: Cross-Border RMB Settlement - The cross-border RMB settlement amount under the current account was 1.49 trillion yuan in November, with goods trade accounting for 1.19 trillion yuan [9] - Direct investment cross-border RMB settlement amounted to 0.71 trillion yuan, with foreign direct investment at 0.45 trillion yuan [9]

Group 1 - The broad money supply (M2) increased by 8.8% year-on-year, reaching 329.94 trillion yuan by the end of July [2] - The narrow money supply (M1) grew by 5.6% year-on-year, totaling 111.06 trillion yuan, while the currency in circulation (M0) rose by 11.8% to 13.28 trillion yuan [2] - A net cash injection of 465.1 billion yuan occurred in the first seven months of the year [2] Group 2 - The total RMB loans increased by 12.87 trillion yuan in the first seven months, with the RMB loan balance reaching 268.51 trillion yuan, a year-on-year growth of 6.9% [3] - Household loans rose by 680.7 billion yuan, with short-term loans decreasing by 383 billion yuan and medium to long-term loans increasing by 1.06 trillion yuan [3] - Corporate loans increased by 11.63 trillion yuan, with short-term loans up by 3.75 trillion yuan and medium to long-term loans up by 6.91 trillion yuan [3] Group 3 - The total RMB deposits increased by 18.44 trillion yuan in the first seven months, with the RMB deposit balance reaching 320.67 trillion yuan, a year-on-year growth of 8.7% [4] - Household deposits rose by 9.66 trillion yuan, while non-financial corporate deposits increased by 310.9 billion yuan [5] - Foreign currency deposits reached 1 trillion USD, showing a year-on-year growth of 20% [5] Group 4 - The average weighted interest rate for interbank RMB market lending in July was 1.45%, down 0.01 percentage points from the previous month and 0.36 percentage points from the same period last year [6] - The total transaction volume in the interbank RMB market reached 222.44 trillion yuan in July, with an average daily transaction of 9.67 trillion yuan, reflecting a year-on-year increase of 14.8% [6] Group 5 - In July, the cross-border RMB settlement amount under the current account was 1.57 trillion yuan, with direct investment cross-border RMB settlement amounting to 640 billion yuan [6] - The breakdown of the current account settlement included 1.15 trillion yuan for goods trade and 420 billion yuan for service trade and other current items [6]

Core Viewpoint - In July, the interbank RMB market in China saw a total transaction volume of 222.44 trillion yuan, with an average daily transaction of 9.67 trillion yuan, reflecting a year-on-year growth of 14.8% [1] Group 1: Transaction Volume - The total transaction volume in July reached 222.44 trillion yuan [1] - The average daily transaction was 9.67 trillion yuan, which is a year-on-year increase of 14.8% [1] Group 2: Breakdown of Transactions - The average daily transaction volume for interbank lending increased by 3.1% year-on-year [1] - The average daily transaction volume for cash bonds rose by 2.8% year-on-year [1] - The average daily transaction volume for pledged repos grew by 18.6% year-on-year [1] Group 3: Interest Rates - The weighted average interest rate for interbank lending in July was 1.45%, down 0.01 percentage points from the previous month and 0.36 percentage points from the same period last year [1] - The weighted average interest rate for pledged repos was 1.46%, which is a decrease of 0.04 percentage points from the previous month and 0.36 percentage points from the same period last year [1]