BEIJING — China's new yuan-denominated loans increased by 2.47 trillion yuan (about $347.5 billion) in September, central bank data showed on Oct 11.

The figure increased by 810.8 billion yuan from the same period last year, according to the People's Bank of China.

The balance of M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 12.1 percent year-on-year to 262.66 trillion yuan at the end of September.

The growth rate was 0.1 percentage points lower than the figure seen at the end of August and was 3.8 percentage points higher than that during the same period last year.

The balance of M1, which covers cash in circulation plus demand deposits, stood at 66.45 trillion yuan at the end of September, growing by 6.4 percent year-on-year.

The balance of M0, the amount of cash in circulation, went up 13.6 percent from a year ago to 9.87 trillion yuan at the end of last month.

The central bank injected 784.7 billion yuan of net cash into the market in the first three quarters of this year.

Newly added social financing, a measurement of funds that individuals and non-financial firms receive from the financial system, came in at 3.53 trillion yuan last month, an increase of 624.5 billion yuan from September 2021.

In the first three quarters of this year, new social financing amounted to 27.77 trillion yuan, up by 3.01 trillion yuan from a year ago.

A data breakdown indicated consistent support for the real economy from the financial sector. Loans to the real economy jumped by 17.89 trillion yuan during the same period, up by 1.06 trillion yuan over last year.

The data also showed China's new yuan deposits totaled 22.77 trillion yuan between January and September, up by 6.16 trillion yuan from a year earlier.