China issues 6.14 trillion yuan in new loans in first two months of 2025

China issued 6.14 trillion yuan (about 855.9 billion U.S. dollars) in new yuan-denominated loans in the first two months of 2025, according to data released by the central bank on Friday.

As of the end of February, outstanding yuan loans stood at 261.78 trillion yuan, marking a 7.3 percent year-on-year increase, the People's Bank of China reported.

M2, a broad measure of money supply that includes cash in circulation and all deposits, had increased by 7 percent year on year to 320.52 trillion yuan by the end of last month.

M1, which comprises cash in circulation, demand deposits, and client reserves at non-banking payment institutions, stood at 109.44 trillion yuan at the end of February, up 0.1 percent year on year.

China issues 6.14 trillion yuan in new loans in first two months of 2025

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 5 pips to 7.0103 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0103 against USD Tuesday