Business / Markets

China's new yuan loans expand in November

(Xinhua) Updated: 2015-12-11 17:12

BEIJING - China's new yuan-denominated lending in November hit 708.9 billion yuan ($110.8 billion), up from 513.6 billion yuan posted in October, official data showed Friday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.7 percent year on year to 137.4 trillion yuan at the end of November, the People's Bank of China said in a statement on its website.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 15.7 percent year on year to 38.8 trillion yuan, the statement said.

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