Resident's deposit rises 560 bln yuan in Februray

The latest report on financial operation from the People's Bank of China shows, due to influence of the Spring Festival, Resident's RMB deposit has increased by 565.4 bln yuan in February, representing an increase of 424.3 bln as against same period of last year. And non finance company's deposit has fallen 267 bln yuan in the same month.

Resident's deposit has increased steadily in the first two months. The RMB deposit balance has amounted to 12.78 trillion by the end of Feb, ups 15.5 percent and is 3.6 percent higher than January.

The financal operation is healthy and stable at present. Rise of money supply and RMB loans remain stable; increase rate of mid and long-term loans continue to fall from a high level; increase of short term loans and bill financing remain slow; the interest rate of the money market remains relatively low; and the exchange rate of RMB remains stable.

By People's Daily Oline