China's yuan loans grow 4.71 trillion yuan in January

BEIJING -- China's yuan-denominated loans rose 4.71 trillion yuan ($679 billion) in January, according to central bank data released on Friday.

Aggregate financing for the real economy came in at a record high of 7.22 trillion yuan for the month, with that figure up 166.2 billion yuan from January last year, the People's Bank of China said.

China's outstanding aggregate financing for the real economy stood at 449.11 trillion yuan, up 8.2 percent year-on-year.

Outstanding yuan loans totaled 276.62 trillion yuan at the end of January, up 6.1 percent year-on-year.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, had increased 9 percent year-on-year to 347.19 trillion yuan by the end of January.

The M1, which covers the cash in circulation, demand deposits and client reserves of non-banking payment institutions, was at 117.97 trillion yuan at the end of January, up 4.9 percent year-on-year.

The M0, which indicates the amount of cash in circulation, increased 2.7 percent year-on-year to 14.61 trillion yuan at the end of January.

Yuan deposits rose 8.09 trillion yuan in January, with household deposits contributing 2.13 trillion yuan of that figure.