2005年11月金融形势评述

Review of financial performance in November 2005

11月份金融运行主要特点为：广义货币供应量M2增幅加快，狭义货币供应量M1增幅继续上升，央行加大基础货币收回力度，主要金融机构超储率下降；人民币各项贷款增长加快，票据融资明显增加较多；居民储蓄存款增势有所减缓，企业活期存款增幅持续上升，当月银行间市场债券成交较活跃，市场利率小幅回升，国债收益率曲线比上月小幅上移。

In November, China＇s financial performance had the following notable features： the growth of both broad money （M2） and narrow money （M1） aGcelerated; the PBC withdrew more base money and excess reserve ratio declined in key financial institutions; RMB loan growth accelerated, with paper financing increasing evidently; Growth momentum of household savings deposits declined moderately, but growth of corporate currant deposits accelerated; interbank market witnessed active bond transactions, with the market interest rate rebounding slightly and T-bond yield shifted upward moderately.