REPEAT:MNI: China October M2 Money Supply Growth at Record Low

Repeats Story Initially Transmitted at 08:21 GMT Nov 13/03:21 EST Nov 13

--New Loan Issuance, Total Social Financing Below Expectations

     BEIJING (MNI) - The People's Bank of China announced on Monday its latest

money supply and bank lending data.

     October new loan issuance totaled CNY663.2 billion, lower than the CNY1.27

trillion in September and also lower than MNI market survey expectations for

CNY773.0 billion.

     Total social financing -- a gauge of overall credit and liquidity -- fell

to CNY1.04 trillion in October, slighter lower than the MNI median forecast of

CNY1.10 trillion and down from CNY1.82 trillion in September. 

     M2 money supply rose 8.8% year-on-year to CNY165.34 trillion, a new record

low growth rate and also below the 9.2% growth in September. 

     M1 money supply rose 13.0% year-on-year to CNY52.6 trillion, compared with

14.0% growth in September. M0 rose 6.3% year-on-year to CNY6.82 trillion,

compared with a 7.2% increase in September.

     Outstanding yuan loans stood at CNY118.42 trillion at the end of October,

13% higher than the year-earlier period, compared with a 13.1% increase in

September. Outstanding yuan deposits grew 9.1% year-on-year to CNY163.33

trillion, compared with 9.3% growth in September.

--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com

--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com