Financial intermediation 2015

By the end of 2015, money supply in a broad sense (M2) was 139.2 trillion yuan ($22.35 trillion), reflecting an increase of 13.3 percent. Money supply in a narrow sense (M1) was 40.1 trillion yuan, up 15.2 percent. Cash in circulation (M0) was 6.3 trillion yuan, up 4.9 percent.

In 2015, the increase in social financing reached 15.4 trillion yuan, a drop of 467.5 billion yuan from 2014 on a comparable basis. Savings deposits in Renminbi and foreign currencies in all branches of financial institutions totaled 139.8 trillion yuan at the end of 2015, an increase of 15.3 trillion yuan. Of this total, savings deposits in Renminbi stood at 135.7 trillion yuan, an increase of 15.0 trillion yuan. Loans in Renminbi and foreign currencies in all branches of financial institutions reached 99.3 trillion yuan, an increase of 11.7 trillion yuan. Of this total, loans in Renminbi were 94.0 trillion yuan, an increase of 11.7 trillion yuan.

Loans in Renminbi from rural financial institutions (rural credit cooperatives, rural cooperation banks and rural commercial banks) totaled 12.03 trillion yuan by the end of 2015, an increase of 1.34 trillion yuan compared with the beginning of the year. Loans in Renminbi for consumption use from all financial institutions totaled 18.95 trillion yuan, an increase of 3.59 trillion yuan. Of all consumption loans, short-term loans for individuals totaled 4.10 trillion yuan, an increase of 849.7 billion yuan, and medium- and long-term loans for individuals reached 14.85b trillion yuan, an increase of 2.74 trillion yuan.

Funds raised in 2015 by enterprises through issuing stocks and share rights on the stock market amounted to 2.98 trillion yuan, an increase of 2.14 trillion yuan from the previous year. Of this total, 220 A-shares were issued, receiving 157.9 billion yuan worth of capital altogether. The refinancing of A-shares (including right issued, public newly issued, nonpublic newly issued and warrants) received 671.1 billion yuan worth of capital, an increase of 254.6 billion yuan from 2014. Listed companies financed 2.15 trillion yuan through convertible bonds, bonds with attached warrants, corporate bonds and SME private placement bonds, an increase of 1.80 trillion yuan. There were 86 IPOs on the growth enterprise market in 2015, with 30.9 billion yuan raised.

In 2015, 6.72 trillion yuan corporate debenture bonds were issued, an increase of 1.57 trillion yuan over 2014.

The premium received by insurance companies totaled 2.43 trillion yuan in 2015, up 20.0 percent from the previous year. Of this total, life insurance premiums amounted to 1.32 trillion yuan, health and casualty insurance premiums 304.6 billion yuan, and property insurance premiums 799.5 billion yuan. Insurance companies paid an indemnity worth 867.4 billion yuan, of which life insurance indemnity was 356.5 billion yuan, health and casualty insurance indemnity 91.5 billion yuan, and property insurance indemnity 419.4 billion yuan.

At the end of 2015, China’s foreign exchange reserves reached $3.33 trillion, a decrease of $512.7 billion compared with the end of 2014. The average exchange rate of the year was 6.2284 RMB to 1 USD, a depreciation of 1.4 percent from 2014.