Financial Industry Performance Remained Sound and Stable and the Effect of Monetary Policy Continued to unwind
InJanuary, the performance of financial industry remained sound and stable.Growth of money supply witnessed large deceleration. RMB loans expanded RMB65.6billion yuan less than last January, and the growth of all types of loans byfinancial institutions continued to decelerate. Corporate deposits declinedmarkedly while household savings deposits grew rapidly. Inter-bank marketwitnessed active transactions and interest rates in the money market sawmoderate rise.