China s new Yuan loans in the first quarter more than 4 6 trillion an all time

Credit, bounced, but slightly higher start, represented broad liquidity M2. Oriental IC data

With GDP (gross domestic product) synchronization, including new loans of Chinese financial data for the first quarter, due out April 15, at 10 o'clock in the morning.

People's Bank of China (PBoC), according to new data released, RMB loans increased by 4.61 trillion yuan in the first quarter of this year, compared with increased 930.1 billion yuan. By the end of March, outstanding foreign currency loans 103.79 trillion yuan, an increase of 13.4%. This is a record single-season highs in new loans after the top 2009 4.59 trillion yuan in the first quarter.

In, after falling more than expected in February, rose to 1.37 trillion yuan of new credit in March, compared with an increase of 188.3 billion yuan, the chain is nearly double. The first three months of this year, new Yuan loans were 251 million Yuan, 726.6 billion yuan and 1.37 trillion yuan.

Among them, the medium-and long-term loans increased significantly, including household sector medium and long-term loans increased by 1.1 trillion yuan in the first quarter, non-financial enterprises and organizations, medium-and long-term loans increased by 2.07 trillion yuan.

Bank of communications, senior fellow at the Center for financial studies Chen Ji believes that this is credit continued to support the real economy stabilizing, and "hot property market".

Credit, bounced, but slightly higher start, represented broad liquidity M2.

The end of March, outstanding broad money (M2) totaled 144.62 trillion yuan, an increase of 13.4%, growth higher than late last month and the same period last year, respectively 0.1 and 1.8%; narrow money (M1) totaled 41.16 trillion yuan, an increase of 22.1%, growth rate 4.7 higher than late last month and the same period last year, respectively, and 19.2%; money in circulation (M0) balance is 6.47 trillion yuan, an increase of 4.4%.

In 2016 the Government work report of Premier Li keqiang said in a prudent monetary policy to be flexible and moderate. Broad money supply M2 is expected to grow this year by about 13%.

Central Bank's Statistics Department Director Cheng Songcheng said today that integrate economic growth, prices and employment, general growth in M1, M2 are in line with the actual need, is in line with the expected target. Wang amplification vanke injected 60 billion assets

For M1 over 22.1% growth, Cheng Songcheng believes that M1 growth is a reflection of overall ample liquidity in the market, some also reflect the economic stabilisation of the trend.

Scale of Community financing, including trust loans in March, sharply higher.

Data showed March social scale increments of 2.34 trillion yuan, respectively, compared to the previous month and the same month last year to 1.51 trillion yuan and 1.09 trillion yuan.

Financing scale increments of 6.59 trillion yuan in the first quarter as a whole, 1.93 trillion yuan more than last year.

From the structure, the RMB loans still are the main force of Community financing. RMB lending to the real economy in the first quarter accounted for 70.8% of social financing, loans accounted for more than 8.3%, 2.4% trust loans, not discounted bank acceptance bills accounted for more than 3.3%, 18.8% per cent corporate bonds, non-financial enterprises in equity financing accounted for more than 4.3%.

"Economic data to good monetary easing the need for lower before easing again to be seen. "Shanghai Hongyuan, Economist Li Huiyong, analyst said.