China's new yuan loans jump in November

China's new yuan-denominated lending came in at 624.6 billion yuan (102.23 billion US dollars) in November, an increase of 102.6 billion yuan from the same period last year, according to a statement issued by China's central bank on Wednesday.

The jump came after new yuan loans for October unexpectedly fell to 506.1 billion yuan from a month ago, missing market expectations of around 550 billion yuan.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 14.2 percent year on year to 107.93 trillion yuan at the end of November, said the People's Bank of China (PBOC).

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, expanded 9.4 percent year on year to 32.48 trillion yuan as of the end of last month.

New yuan-denominated deposits totaled 547.2 billion yuan in November, an increase of 73.3 billion yuan from a year earlier.

PBOC data also showed China's total social financing aggregate, a broad measure of liquidity in the economy, stood at 16.06 trillion yuan in the first 11 months, 1.92 trillion yuan more than the same period last year.