BEIJING — China's new yuan-denominated loans totaled 2.81 trillion yuan (about $419.65 billion) in June, central bank data showed on July 11.

The figure increased by 686.7 billion yuan from the same period last year, according to the People's Bank of China.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 11.4 percent year-on-year to 258.15 trillion yuan at the end of last month, according to the People's Bank of China.

The growth rate was 0.3 percentage points higher than the figure seen at the end of May, and was 2.8 percentage points higher than that during the same period last year.

The M1, which covers cash in circulation plus demand deposits, stood at 67.44 trillion yuan at the end of June. It was up by 5.8 percent year-on-year.

The M0, the amount of cash in circulation, went up by 13.8 percent from a year ago to 9.6 trillion yuan at the end of last month.

In the first six months of 2022, the central bank injected a total of 518.6 billion yuan of net cash into the market.

Newly added social financing, a measurement of funds that individuals and non-financial firms receive from the financial system, came in at 5.17 trillion yuan last month, representing an increase of 1.47 trillion yuan from the same period last year.

Total new social financing in the first half of the year amounted to 21 trillion yuan, up 3.2 trillion yuan from the same period a year ago.

A data breakdown indicated consistent support for the real economy from the financial sector. Loans to the real economy accounted for 64.6 percent of the total social financing in the first six months of the year.

July 11's data also showed China's new yuan deposits hit 18.82 trillion yuan in the January-June period, up by 4.77 trillion yuan from the same period a year earlier.

In the first half of the year, RMB settlements for cross-border trade totaled 4.58 trillion yuan.