2021 Financial Statistics Report of Communist China

1. Broad money increased by 9%, narrow money increased by 3.5%

At the end of December, the balance of broad money (M2) was 238.29 trillion yuan, a year-on-year increase of 9%, and the growth rate was 0.5 percentage points higher than that at the end of last month and 1.1 percentage points lower than the same period last year; the balance of narrow money (M1) was 64.74 trillion yuan, a year-on-year increase of 64.74 trillion yuan. An increase of 3.5%, the growth rate was 0.5 percentage points higher than that at the end of last month, and 5.1 percentage points lower than the same period last year; the balance of currency (M0) in circulation was 9.08 trillion yuan, a year-on-year increase of 7.7%. The net investment in cash for the year was 651 billion yuan.

2. RMB loans increased by 19.95 trillion yuan, and foreign currency loans increased by 45.7 billion US dollars

At the end of December, the balance of domestic and foreign currency loans was 198.51 trillion yuan, a year-on-year increase of 11.3%. The balance of RMB loans at the end of the month was 192.69 trillion yuan, an increase of 11.6% year-on-year, and the growth rate was 0.1 and 1.2 percentage points lower than the end of the previous month and the same period of the previous year, respectively.

In the whole year, RMB loans increased by 19.95 trillion yuan, a year-on-year increase of 315 billion yuan. By sector, household loans increased by 7.92 trillion yuan, of which short-term loans increased by 1.84 trillion yuan, medium and long-term loans increased by 6.08 trillion yuan; corporate (institutional) loans increased by 12.02 trillion yuan, of which short-term loans increased by 9468 yuan RMB 100 million, medium and long-term loans increased by 9.23 trillion yuan, bill financing increased by 1.5 trillion yuan; loans to non-banking financial institutions decreased by 84.7 billion yuan. In December, RMB loans increased by 1.13 trillion yuan, a decrease of 123.4 billion yuan year-on-year.

At the end of December, the balance of foreign currency loans was US$912.9 billion, a year-on-year increase of 5.3%. In the whole year, foreign currency loans increased by USD 45.7 billion, a decrease of USD 34.5 billion year-on-year. Foreign currency loans fell by $36.1 billion in December, down $1.6 billion from a year earlier.

3. RMB deposits increased by 19.68 trillion yuan, and foreign currency deposits increased by 107.7 billion US dollars

At the end of December, the balance of local and foreign currency deposits was 238.61 trillion yuan, a year-on-year increase of 9.3%. The balance of RMB deposits at the end of the month was 232.25 trillion yuan, a year-on-year increase of 9.3%, and the growth rate was 0.7 percentage points higher than that at the end of the previous month and 0.9 percentage points lower than the same period last year.

In the whole year, RMB deposits increased by 19.68 trillion yuan, a year-on-year increase of 32.3 billion yuan. Among them, household deposits increased by 9.9 trillion yuan, non-financial corporate deposits increased by 3.76 trillion yuan, fiscal deposits increased by 561.7 billion yuan, and non-banking financial institution deposits increased by 4.01 trillion yuan. In December, RMB deposits increased by 1.16 trillion yuan, a year-on-year increase of 1.37 trillion yuan.

At the end of December, the balance of foreign currency deposits was US$996.9 billion, a year-on-year increase of 12.1%. For the whole year, foreign currency deposits increased by US$107.7 billion, a decrease of US$23.8 billion year-on-year. In December, foreign currency deposits fell by $21.1 billion, an increase of $19.5 billion year-on-year.

4. In December, the monthly weighted average interest rate of interbank RMB market interbank lending was 2.02%, and the monthly weighted average interest rate of pledged bond repurchase was 2.09%

During the year, the inter-bank RMB market in the form of lending, spot bonds and repurchase transactions totaled 1,378.38 trillion yuan, with an average daily transaction of 5.51 trillion yuan, a year-on-year increase of 2.5%. Among them, the average daily transaction of interbank lending decreased by 19.6% year-on-year, the average daily transaction of spot bonds decreased by 8.3% year-on-year, and the average daily transaction of pledged repo increased by 8.8% year-on-year.

The weighted average interest rate of interbank lending in December was 2.02%, 0.01 percentage points lower than the previous month and 0.72 percentage points higher than the same period of the previous year; the weighted average interest rate of pledged repurchases was 2.09%, 0.03 percentage points higher than the previous month and the same period of the previous year respectively. and 0.73 percentage points.

5. The balance of national foreign exchange reserves is 3.25 trillion US dollars

At the end of December, the national foreign exchange reserve balance was 3.25 trillion US dollars. At the end of December, the RMB exchange rate was 6.3757 yuan per US dollar.

6. In 2021, the RMB settlement business of cross-border trade will generate 7.94 trillion yuan, and the RMB settlement business of direct investment will generate 5.8 trillion yuan.

In 2021, cross-border trade in goods, trade in services and other current accounts, foreign direct investment, and foreign direct investment settled in RMB will generate 5.77 trillion yuan, 2.17 trillion yuan, 1.64 trillion yuan, and 4.16 trillion yuan respectively.

Note 1: The current data are preliminary figures.

Note 2: Since 2015, RMB, foreign currency and domestic and foreign currency deposits include deposits from non-banking financial institutions, and RMB, foreign currency and domestic and foreign currency loans include loans to non-banking financial institutions.

Note 3: Loans to enterprises (institutions) in the report refer to loans from non-financial enterprises and institutions.