China's yuan-denominated loans rose by 10.44 trillion yuan (about 1.54 trillion U.S. dollars) in the first eight months of 2026, central bank data showed on Monday.
At the end of August, outstanding yuan loans stood at 282.35 trillion yuan (about 42 trillion U.S. dollars), up 4.9 percent year on year, according to the People's Bank of China.
M2, a broad measure of money supply that covers cash in circulation and all deposits, had increased by 7.5 percent year on year to 356.81 trillion yuan (about 53.2 trillion U.S. dollars) at the end of August.
M1, which covers currency in circulation, corporate demand deposits, personal demand deposits and provisions received by non-bank payment institutions, reached 115.77 trillion yuan (about 17.3 trillion U.S. dollars) at the end of August, a rise of 4.1 percent from a year earlier.
China's outstanding aggregate financing to the real economy stood at 464.8 trillion yuan (about 69.3 trillion U.S. dollars) at the end of August, up 7.2 percent year on year, the central bank noted.
Loans in five major areas - technology finance, green finance, inclusive finance, pension finance and digital finance - have continued to grow at double-digit rates, accounting for over 70 percent of the total increase in all loans, as more credit is channeled towards new growth drivers such as technological innovation and green transition.
Loan interest rates remain at historically low levels. In August, the weighted average interest rate on newly issued business loans was slightly below 3 percent, about 0.2 percentage points lower than the same period last year.
China's yuan loans increase by 10.44 trln yuan in Jan-Aug period
