Chinese banks issued 7.97 trillion yuan (about 1.17 trillion U.S. dollars) of new yuan-denominated lending in the first half of the year, the country's central bank said Wednesday.
This represents a growth of 436.2 billion yuan from the same period last year, the People's Bank of China said in a statement.
By the end of June, total outstanding yuan-denominated loans stood at 114.57 trillion yuan, up 12.9 percent year on year.
In June alone, a total of 1.54 trillion yuan of yuan-denominated loans were issued by Chinese banks, an increase of 153.3 billion yuan from June last year.
M2, a broad measure of money supply that covers cash in circulation and all deposits, expanded 9.4 percent from a year earlier as of the end of June, slowdown from a 9.6 percent growth recorded a month ago, the statement said.
The newly added total social financing, another significant financing gauge, increased by 1.36 trillion yuan from the same period a year ago to 11.17 trillion yuan in the first half.
Magnificent view of Nansha Islands in South China Sea
Aerial view shows scenery in Hong Kong
China builds world’s first offshore fish farm
A Foreigner's Chinese Dream and Love for China
5,000-year-old Chinese beer recipe goes down a storm in US
World's first driverless rail transit system unveiled in Hunan
World's largest cluster of Miao villages in Guizhou
Daily life in Kashgar, China's Xinjiang
Top 10 Chinese tech and engineering marvels
Top 10 most sustainable cities in China
Top 10 European patent applicants in 2016
The power of 'She' in China
Seven most beautiful art museums in China
China’s law, doctors decide Liu Xiaobo’s treatment
Village known for exporting replicas of van Gogh, Dali repaints itself as original brand 
Schools making students apply to top colleges to pass local govt tests
Mini-KTV: A No.1 Hit Day|Week
