Chinese Yuan Loans Increase

Chinese Yuan Loans Increase

HAIAN, CHINA - JULY 12, 2023 - Customers handle business at a smart service area of a bank in Hai 'an, East China's Jiangsu province, July 12, 2023. The People's Bank of China released news on July 11, 2023, and the financial statistics report for the first half of 2023 showed that the balance of broad money (M2) at the end of June was 287.3 trillion yuan, an increase of 11.3%. In the first half of the year, RMB loans increased by 15.73 trillion yuan, an increase of 2.02 trillion yuan year-on-year. The balance of local and foreign currency deposits was 284.67 trillion yuan, up 10.5% year on year.

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2023/7/12 00:00:00

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