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China's financial operations steady in May
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15:35, June 13, 2008

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At the end of May, the broad measure of money supply (M2), which covers cash in circulation plus all deposits, reached 43.62 trillion yuan, up 18.07 percent from the same period of last year; the narrow measure of money supply (M1) rose 17.93 percent to 15.33 trillion yuan; and the money in circulation(M0)reached 3.02 trillion yuan, up 12.88 percent from the same period of last year, according to the People's Bank of China.

Renminbi loans increased 14.86 percent, and the Renminbi deposits increased 19.64 percent over the same period of last year. At the end of May, foreign-currency deposits were down 2.91 percent to 162.2 billion U.S. dollars; inter-bank RMB transactions were active, and the market interest rates remained steady.

By People's Daily Online



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