China's new yuan-denominated loans reached 1.69 trillion yuan (about 238.9 billion U.S. dollars) in September, exceeding expectations, central bank data showed Tuesday.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, grew 8.4 percent year on year to 195.23 trillion yuan at the end of September, according to the People's Bank of China (PBOC).
The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 3.4 percent year on year to 55.71 trillion yuan by the end of last month.
M0, the amount of cash in circulation, increased four percent year on year to 7.41 trillion yuan by the end of September, according to the PBOC.
Also, total social financing (TSF) rose to 2.27 trillion yuan in September, according to the PBOC. By the end of last month, China's total outstanding social funding rose 10.8 percent year on year to 219.04 trillion yuan.
