Money supply sees steady increase

Regulators 'need to prevent financial risks more proactively and effectively'

China's money supply growth rate and the newly issued yuan-denominated loans both increased in November to support economic growth, although the monetary authority reiterated that risk prevention should be the policy priority.

The M2, or a broad measure of money supply, increased by 9.1 percent year-on-year last month, accelerating from 8.8 percent in October, but it was still 2.3 percentage points lower than a year earlier, according to data from the People's Bank of China, the central bank, on Monday.