China end-April M2 money supply up 12.8 pct yr-on-yr, M1 up 15 pct

SHANGHAI (AFX-ASIA) - China's M2 money supply at end-April amounted to 14.0 trln yuan, up 12.8 pct from a year earlier, a growth rate 0.5 percentage points faster than the rate at the same time last year, the People's Bank of 

China said.

	    M1 money supply at end April rose 15 pct year-on-year to 5.3 trln yuan, while M0 rose 6.9 pct to 1.5 trln yuan.

	    Financial institutions' total loans at end-April amounted to 10.3 trln yuan, up 13.7 pct from a year earlier, a growth rate 0.3 percentage points faster than the rate at end-2000.

	    During April, financial institutions' total loans grew by 102.1 bln yuan, an increase 2 bln yuan greater than the increase in the same month last year.

	    Total loans grew by 409.0 bln yuan during the four months to April, an increase 43.9 bln yuan greater than the increase at the same time last year.

	    Short-term loans grew by 119.2 bln yuan during the four months, accounting for 29 pct of the total increase in loans during the period.

	    Short-term agricultural loans increased by 55.3 bln yuan during the four months, an increase 18.2 bln yuan greater than the increase in the same period last year.

	    Mid- and long-term loans grew by 188.5 bln yuan during the four months, an increase 46.8 bln yuan greater than the increase at the same time last year.

	    Among mid- and long-term loans, loans for infrastructure grew by 69.8 bln yuan, an increase 6.5 bln yuan greater than the increase at the same time last year, while loans for technology upgrades increased by 7.2 bln yuan, 1.4 bln yuan more than the increase at the same time last year.

	    Personal mortgages increased by 93 bln yuan during the four months, an increase 53.6 bln yuan greater than the increase at the same time last year.

	    Financial institutions' total deposits at end-April amounted to 13.1 trln yuan, up 15.5 pct from a year earlier, a growth rate 1.7 percentage points faster than the rate at end-2000 and 0.7 percentage points faster than the rate at end-March.

	    Corporate deposits amounted to 4.6 trln yuan, up 19.3 pct year-on-year, a growth rate 0.7 percentage points faster than at end-2000.

	    Personal deposits amounted to 6.9 trln yuan, up 9.7 pct year-on-year, a growth rate 1.8 percentage points faster than at end-2000 and 0.3 percentage 

points faster than at end-March.

	    Total deposits grew by 25.3 bln yuan during the month of April, an increase 20.9 bln yuan greater than the increase at the same time last year.

	    Total deposits at end-April grew by 431.4 bln yuan from a year earlier, an increase 113.3 bln yuan greater than the increase in the same period a year earlier.

	    Time deposits at end-April grew by 269.3 bln yuan from a year earlier, an increase 110.4 bln yuan greater than the increase in the same period a year 

earlier, the PBoC said.

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