China's yuan-denominated loans rose by 5.13 trillion yuan (about 715 billion U.S. dollars) in January, central bank data showed on Friday.

Social financing expanded by a record 7.06 trillion yuan last month, 583.3 billion yuan more than the growth in the same period last year, according to the People's Bank of China.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 7 percent year on year to 318.52 trillion yuan at the end of January.

The M1, which covers cash in circulation, demand deposits and clients' reserves of non-banking payment institutions, stood at 112.45 trillion yuan at the end of last month, up 0.4 percent year on year.