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.

The first Renminbi in history

The first batch of Renminbi was issued on December 1, 1948, in a three-story gray building at No. 11 Zhonghua Beidajie in present-day Shijiazhuang, the original site of the People’s Bank of China’s head office. Three types of coupons were issued in the first batch of Renminbi: the 10 yuan irrigation field mine, the 20 yuan fertilizer train, and the 50 yuan waterwheel mine wagon.