A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province, July 23, 2018. (PHOTO / IC)

BEIJING - China's new yuan-denominated loans hit 3.34 trillion yuan (US$476.97 billion) in January, a year-on-year rise of 110.9 billion yuan, central bank data showed on Thursday. 

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The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.4 percent year on year to 202.31 trillion yuan at the end of January.