Central Bank: RMB deposits increased by 9.26 trillion yuan in the first two months, and deposits in non-banking financial institutions increased by 2.84 trillion yuan.
The Central Bank released data, at the end of February, the balance of deposits in both domestic and foreign currencies was 345.72 trillion yuan, an increase of 8.8% year-on-year. The balance of RMB deposits at the end of the month was 337.94 trillion yuan, an increase of 8.7% year-on-year. RMB deposits increased by 9.26 trillion yuan in the first two months. Among them, household deposits increased by 5.24 trillion yuan, non-financial enterprise deposits decreased by 44.5 billion yuan, fiscal deposits increased by 1.2 trillion yuan, and deposits of non-banking financial institutions increased by 2.84 trillion yuan. At the end of February, the balance of foreign currency deposits was 1.12 trillion US dollars, an increase of 20.5% year-on-year. Foreign currency deposits increased by 63.8 billion US dollars in the first two months.
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