BEIJING, Jan. 12 -- China's yuan-denominated loans rose by 22.75 trillion yuan (3.2 trillion U.S. dollars) in 2023, central bank data showed Friday.

The year-on-year increase is 1.31 trillion yuan more than registered in the previous year, said the People's Bank of China.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 9.7 percent year on year to 292.27 trillion yuan at the end of December.