韩国央行官员Kim Min-soo表示："新计算的M2增长率自2023年1月以来一直低于7.5%的长期平均水 平。" 此次调整正值外界批评韩国央行的宽松货币政策导致流动性过剩，导致韩元贬值和房价上涨之际。 韩国央行强调，这些调整是长期计划的，与国际货币基金组织（IMF） 2017年修订的货币和金融统计 手册一致。 韩国央行周二表示，自2023年1月以来，韩国的货币供应增长一直低于长期平均水平，并公布了衡量流 动性的新框架。 经过多年的准备，韩国央行宣布，将对货币和流动性统计数据进行全面修改，将股票基金、债券基金、 交易所交易基金（ETF）和其他受益证券排除在广义货币（M2）之外。 相反，韩国央行将这种高度波动的受益证券纳入金融机构流动性（Lf）。传统上，韩国的M2衡量的是 现金、活期存款和其他流动性金融工具。 韩国央行表示，在新标准下，10月份M2为4056.8万亿韩元（约合2.82万亿美元），而在之前的标准下为 4466.3万亿韩元。因此，M2的同比增长率从旧标准下的8.7%降至5.2%。 韩国央行强调，这些调整是长期计划的，与国际货币基金组织（IMF） 2017年修订的货币和金融统计 手册一致。 Kim ...

人民日报海外版北京12月12日电（记者徐佩玉）记者12日从中国人民银行获悉，今年前11个月，我 国人民币贷款增加15.36万亿元，其中企（事）业单位贷款增加14.4万亿元。 中国人民银行数据显示，11月末，我国人民币贷款余额271万亿元，同比增长6.4%。分部门看，前 11个月，我国住户贷款增加5333亿元；企（事）业单位贷款增加14.4万亿元，其中中长期贷款增加8.49 万亿元。 另外，前11个月我国人民币存款增加24.73万亿元。其中，住户存款增加12.06万亿元。 从货币供应看，11月末，我国广义货币（M2）余额336.99万亿元，同比增长8%；狭义货币（M1） 余额112.89万亿元，同比增长4.9%；流通中货币（M0）余额13.74万亿元，同比增长10.6%。 此外，社会融资数据显示，11月末，我国社会融资规模存量为440.07万亿元，同比增长8.5%；前11 个月社会融资规模增量累计为33.39万亿元，比上年同期多3.99万亿元。 ...

Core Insights - The People's Bank of China reported that the total social financing stock reached 440.07 trillion yuan by the end of November 2025, marking an 8.5% year-on-year increase [1][2] - The total social financing increment 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 [1][4] - The broad money supply (M2) stood at 336.99 trillion yuan at the end of November, reflecting an 8% year-on-year growth [1][5] Social Financing Stock - By the end of November, the stock of social financing was 440.07 trillion yuan, with a year-on-year growth of 8.5% [2] - The breakdown of financing includes: - RMB loans to the real economy: 267.42 trillion yuan, up 6.3% - Foreign currency loans (in RMB equivalent): 1.13 trillion yuan, down 16.5% - Entrusted loans: 11.32 trillion yuan, up 1% - Trust loans: 4.6 trillion yuan, up 7.4% - Undiscounted bank acceptance bills: 2.3 trillion yuan, up 0.4% - Corporate bonds: 34.08 trillion yuan, up 5.6% - Government bonds: 94.24 trillion yuan, up 18.8% - Non-financial corporate domestic stock: 12.14 trillion yuan, up 4% [2] Financing Structure - The structure of financing as of November shows: - RMB loans to the real economy accounted for 60.8% of the total social financing stock, down 1.3 percentage points year-on-year - Foreign currency loans accounted for 0.3%, unchanged year-on-year - Entrusted loans accounted for 2.6%, down 0.2 percentage points - Trust loans accounted for 1%, down 0.1 percentage points - Undiscounted bank acceptance bills accounted for 0.5%, down 0.1 percentage points - Corporate bonds accounted for 7.7%, down 0.3 percentage points - Government bonds accounted for 21.4%, up 1.8 percentage points - Non-financial corporate domestic stock accounted for 2.8%, down 0.1 percentage points [3] Increment in Social Financing - The total increment in social financing for the first eleven months was 33.39 trillion yuan, which is 3.99 trillion yuan more than the previous year [4] - Key components include: - RMB loans to the real economy increased by 14.93 trillion yuan, down 1.28 trillion yuan year-on-year - Foreign currency loans decreased by 1.368 billion yuan, down 1.873 billion yuan year-on-year - Entrusted loans increased by 895 billion yuan, up 1.453 trillion yuan year-on-year - Trust loans increased by 3.003 trillion yuan, down 823 billion yuan year-on-year - Undiscounted bank acceptance bills increased by 1.605 trillion yuan, up 3.568 trillion yuan year-on-year - Corporate bonds net financing was 2.24 trillion yuan, up 3.125 trillion yuan year-on-year - Government bonds net financing was 13.15 trillion yuan, up 3.61 trillion yuan year-on-year - Non-financial corporate domestic stock financing was 420.4 billion yuan, up 178.8 billion yuan year-on-year [4] Money Supply - The broad money supply (M2) was 336.99 trillion yuan at the end of November, with an 8% year-on-year increase [5] - The narrow money supply (M1) was 112.89 trillion yuan, up 4.9% year-on-year - The currency in circulation (M0) was 13.74 trillion yuan, reflecting a 10.6% year-on-year growth - A net cash injection of 917.5 billion yuan occurred in the first eleven months [5] Deposits and Loans - By the end of November, the total deposits (in both domestic and foreign currencies) reached 334.46 trillion yuan, up 8% year-on-year [6] - The RMB deposit balance was 326.96 trillion yuan, up 7.7% year-on-year - In the first eleven months, RMB deposits increased by 24.73 trillion yuan, with household deposits rising by 12.06 trillion yuan [6] - The total loan balance (in both domestic and foreign currencies) was 274.84 trillion yuan, up 6.3% year-on-year [7] - RMB loans increased by 15.36 trillion yuan in the first eleven months, with household loans increasing by 533.3 billion yuan [7] Interbank Market - In November, the weighted average interest rate for interbank RMB market lending was 1.42%, up 0.03 percentage points from the previous month but down 0.13 percentage points year-on-year [9] - The total transaction volume in the interbank RMB market was 187.7 trillion yuan, with an average daily transaction of 9.38 trillion yuan, down 1.2% year-on-year [9] Cross-Border RMB Settlement - In November, the cross-border RMB settlement amount under the current account was 1.49 trillion yuan, with direct investment cross-border RMB settlement amounting to 0.71 trillion yuan [10]

11月末，广义货币(M2)余额336.99万亿元，同比增长8%。狭义货币(M1)余额112.89万亿元，同比增长 4.9%。流通中货币(M0)余额13.74万亿元，同比增长10.6%。前十一个月净投放现金9175亿元。 11月末，本外币贷款余额274.84万亿元，同比增长6.3%。月末人民币贷款余额271万亿元，同比增长 6.4%。 前11个月人民币贷款增加15.36万亿元。分部门看，住户贷款增加5333亿元，其中，短期贷款减少7328 亿元，中长期贷款增加1.27万亿元；企(事)业单位贷款增加14.4万亿元，其中，短期贷款增加4.44万亿 元，中长期贷款增加8.49万亿元，票据融资增加1.31万亿元；非银行业金融机构贷款减少332亿元。 12月12日，中国人民银行发布2025年11月份金融统计数据报告。 数据显示，初步统计，2025年11月末社会融资规模存量为440.07万亿元，同比增长8.5%。其中，对实体 经济发放的人民币贷款余额为267.42万亿元，同比增长6.3%；对实体经济发放的外币贷款折合人民币余 额为1.13万亿元，同比下降16.5%；委托贷款余额为11.32万亿元，同比增长1%；信托贷款余额 ...

北京商报讯(记者廖蒙)12月12日，人民银行发布2025年11月金融统计数据报告。数据显示，截至11月 末，广义货币(M2)余额336.99万亿元，同比增长8%。狭义货币(M1)余额112.89万亿元，同比增长4.9%。 流通中货币(M0)余额13.74万亿元，同比增长10.6%。前十一个月净投放现金9175亿元。 ...

Core Insights - The People's Bank of China reported an increase of 14.97 trillion yuan in RMB loans for the first ten months of the year, with corporate loans accounting for 13.79 trillion yuan [1] - As of the end of October, the total RMB loan balance reached 270.61 trillion yuan, reflecting a year-on-year growth of 6.5% [1] - The total social financing scale increased by 30.9 trillion yuan in the first ten months, surpassing the same period last year by 3.83 trillion yuan [1] Loan Data - Corporate loans increased by 13.79 trillion yuan, with medium to long-term loans contributing 8.32 trillion yuan [1] - Household loans saw an increase of 739.6 billion yuan during the same period [1] Money Supply - As of the end of October, the broad money supply (M2) stood at 335.13 trillion yuan, growing by 8.2% year-on-year [1] - The narrow money supply (M1) was recorded at 112 trillion yuan, with a year-on-year increase of 6.2% [1] - The currency in circulation (M0) reached 13.55 trillion yuan, reflecting a year-on-year growth of 10.6% [1] Deposit Data - Total RMB deposits increased by 23.32 trillion yuan in the first ten months, with household deposits rising by 11.39 trillion yuan [1] Social Financing - The total social financing stock at the end of October was 437.72 trillion yuan, showing a year-on-year growth of 8.5% [1]

Core Insights - The People's Bank of China released the financial statistics report for October 2025, indicating a year-on-year growth in broad money (M2) of 8.2% with a balance of 335.13 trillion yuan [1] - Narrow money (M1) also showed growth of 6.2%, reaching 112 trillion yuan, while the currency in circulation (M0) increased by 10.6% to 13.55 trillion yuan [1] - A net cash injection of 728.4 billion yuan occurred in the first ten months of the year [1] Monetary Deposits - As of the end of October, the total deposits in both domestic and foreign currencies amounted to 332.92 trillion yuan, reflecting an 8.3% year-on-year increase [1] - The balance of RMB deposits reached 325.55 trillion yuan, with an 8% year-on-year growth [1] - In the first ten months, RMB deposits increased by 2.332 trillion yuan, with household deposits rising by 1.139 trillion yuan, non-financial enterprise deposits increasing by 44.47 billion yuan, fiscal deposits up by 209 billion yuan, and deposits from non-bank financial institutions growing by 666 billion yuan [1] Foreign Currency Deposits - The foreign currency deposit balance stood at 1.04 trillion USD, marking a significant year-on-year growth of 24.3% [1] - In the first ten months, foreign currency deposits increased by 186.6 billion USD [1]

Core Insights - The People's Bank of China reported that in the first ten months, RMB loans increased by 14.97 trillion yuan [1] Loan Breakdown - Household loans increased by 739.6 billion yuan, with short-term loans decreasing by 517 billion yuan and medium to long-term loans increasing by 1.26 trillion yuan [1] - Corporate loans increased by 13.79 trillion yuan, with short-term loans rising by 4.34 trillion yuan, medium to long-term loans increasing by 8.32 trillion yuan, and bill financing increasing by 975.8 billion yuan [1] - Non-bank financial institution loans decreased by 18.5 billion yuan [1] Social Financing - As of the end of October, the total social financing stock was 437.72 trillion yuan, reflecting a year-on-year growth of 8.5% [1] - The cumulative increase in social financing for the first ten months was 30.9 trillion yuan, which is 3.83 trillion yuan more than the same period last year [1] Monetary Supply - As of the end of October, the broad money supply (M2) was 335.13 trillion yuan, with a year-on-year growth of 8.2% [1] - The narrow money supply (M1) was 112 trillion yuan, showing a year-on-year growth of 6.2% [1] - The currency in circulation (M0) was 13.55 trillion yuan, with a year-on-year growth of 10.6% [1] - A net cash injection of 728.4 billion yuan was recorded in the first ten months [1]

Core Insights - The People's Bank of China reported that by the end of September 2025, the total social financing scale reached 437.08 trillion yuan, marking an 8.7% year-on-year increase [1][2] - In the first three quarters of 2025, the cumulative increase in social financing was 30.09 trillion yuan, which is 4.42 trillion yuan more than the same period last year [1][4] - The broad money supply (M2) stood at 335.38 trillion yuan, reflecting an 8.4% year-on-year growth [1][5] Social Financing Scale - As of September 2025, the social financing scale stock was 437.08 trillion yuan, with a year-on-year growth of 8.7% [2] - The breakdown of financing includes: - RMB loans to the real economy at 267.03 trillion yuan, up 6.4% - Foreign currency loans equivalent to 1.18 trillion yuan, down 18% - Trust loans at 4.5 trillion yuan, up 5.7% - Government bonds at 92.55 trillion yuan, up 20.2% [2][3] Financing Structure - By the end of September, RMB loans accounted for 61.1% of the total social financing scale, down 1.3 percentage points year-on-year [3] - Government bonds saw an increase in their share to 21.2%, up 2.1 percentage points year-on-year [3] Cumulative Increase in Social Financing - The cumulative increase in social financing for the first three quarters was 30.09 trillion yuan, with a notable increase in government bond financing by 4.28 trillion yuan [4] - RMB loans to the real economy increased by 14.54 trillion yuan, which is a decrease of 8.51 trillion yuan compared to the previous year [4] Money Supply - The broad money supply (M2) reached 335.38 trillion yuan, with an 8.4% year-on-year increase [5] - Narrow money (M1) was at 113.15 trillion yuan, up 7.2%, while cash in circulation (M0) was 13.58 trillion yuan, reflecting an 11.5% increase [5] Deposit and Loan Growth - By the end of September, total deposits (including foreign currency) were 332.18 trillion yuan, with RMB deposits at 324.94 trillion yuan, both showing year-on-year growth [6] - In the first three quarters, RMB loans increased by 14.75 trillion yuan, with household loans rising by 1.1 trillion yuan [8] Foreign Currency Deposits - Foreign currency deposits reached 1.02 trillion USD, marking a 20% year-on-year increase, with an addition of 165.8 billion USD in the first three quarters [7] Interbank Market Rates - The average weighted interest rate for interbank RMB market lending was 1.45% in September, slightly higher than the previous month but lower than the same period last year [10] Foreign Exchange Reserves - As of September, the national foreign exchange reserves stood at 3.34 trillion USD, with the RMB exchange rate at 7.1055 per USD [11] Cross-Border RMB Settlement - In the first three quarters, cross-border RMB settlement under current accounts amounted to 13.06 trillion yuan, with direct investment settlements at 6.04 trillion yuan [12]

Core Insights - The People's Bank of China released financial statistics for the first three quarters of 2025, indicating significant growth in monetary aggregates [1] Monetary Statistics - As of the end of September, the broad money supply (M2) reached 335.38 trillion yuan, reflecting a year-on-year growth of 8.4% [1] - The narrow money supply (M1) stood at 113.15 trillion yuan, with a year-on-year increase of 7.2% [1] - The currency in circulation (M0) amounted to 13.58 trillion yuan, showing a year-on-year growth of 11.5% [1] - A net cash injection of 761.9 billion yuan was recorded in the first three quarters [1]