BEIJING, April 12 (Xinhua) -- China's new yuan-denominated loans stood at 1.69 trillion yuan (about 251.41 billion U.S. dollars) in March 2019, up 577.7 billion yuan year on year, central bank data showed Friday.
In the first three months, the country's new yuan-denominated loans increased by 952.6 billion yuan year on year to hit 5.81 trillion yuan, according to the People's Bank of China (PBOC).
The seasonal surge in new yuan loans in January contributed mainly to the growth in the first quarter this year. China's new yuan-denominated loans stood at 3.23 trillion yuan in January 2019, central bank data showed.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.6 percent year on year to 188.94 trillion yuan at the end of March, according to the People's Bank of China.
The M2 growth was 0.6 percentage points and 0.4 percentage points higher from the levels at the end of February and the same period last year, respectively.
The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 4.6 percent year on year to 54.76 trillion yuan by the end of last month.
M0, the amount of cash in circulation, increased 3.1 percent year on year to 7.49 trillion yuan by the end of March, according to the PBOC.
Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 2.86 trillion yuan in March, up 1.28 trillion yuan year on year.
In the first three months, newly-added social financing totaled 8.18 trillion yuan, up 2.34 trillion yuan from the same period last year.
By the end of March, China's total outstanding social financing rose 10.7 percent year on year to 208.41 trillion yuan.