CRI听力:China's 2014 New Yuan Lending Hits Record High

China's new yuan-denominated lending hit a record high of nearly 9.8 trillion yuan, or some 1.5 trillion U.S. dollars, last year.

The new record is nearly 900-billion yuan more than the total recorded in 2013.

Total social financing last year also rose to a record high, standing at around 16 trillion yuan.

Yuan-denominated deposits at China's banks increased by some 9.4 trillion yuan last year.

Shen Songcheng with the People's Bank of China says the numbers indicate that the real economy has been relatively stable and active despite downward pressure.
 
"Besides banks, other financing tools and financing institutions, including direct financing, also effectively injected liquidity into the real economy."

Meanwhile, Chinese shares rebounded strongly on Thursday on the record-high new lending and social financing data.

The Shanghai Composite Index surged three and a half percent and passed the 3,300-point mark in the afternoon trading session.

The Shenzhen Component Index jumped over 2 percent.