Credit growth slows, money supply accelerates in November

China's outstanding aggregate social financing — the total amount of financing to the real economy — stood at 343.19 trillion yuan ($49.21 trillion) as of the end of last month, up 10 percent year-on-year, the People's Bank of China, the country's central bank, said on Monday.

The growth rate edged down from 10.3 percent a month earlier, marking the slowest reading since October last year when the reading also came in at 10 percent, PBOC data showed.

Meanwhile, China's broad money supply, or M2, stood at 264.7 trillion yuan as of the end of November, up 12.4 percent from a year ago. The growth rate was up by 0.6 percentage point from a month earlier and up by 3.9 percentage points from a year ago, the PBOC said.

The country's new yuan-denominated loans totaled 1.21 trillion yuan in November, down 59.6 billion yuan year-on-year, the central bank said.

The increment in aggregate social financing came in at 1.99 trillion yuan in November, down 610.9 billion yuan compared with the same period last year.