China's credit rose slightly in November amid official pledges to support the economic recovery, central bank data showed on Monday.
Official data showed that new yuan-denominated loans totaled 1.21 trillion yuan ($174 billion) in November, up from 615.2 billion yuan in October.
New social financing (measuring funds obtained by individuals and non-financial enterprises from the financial system) was 1.99 trillion yuan, much higher than October's 907.9 billion yuan.
M2, the broad money supply covering cash in circulation and all deposits, rose 12.4 percent year-on-year to 264.7 trillion yuan at the end of last month, according to the People's Bank of China (PBOC).
China's monetary policy is helping the economy weather the challenges of a resurgence of COVID-19 and external headwinds.
Chinese financial institutions are using various financial tools, effectively driving up demand for loans, People's Bank of China Governor Yi Gang said at a forum last month.
