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Broad money supply, or M2, was up 16 percent year-on-year to 44.9 trillion yuan ($6.55 trillion) at the end of August, China's central bank said.

In July, M2 was up 16.35 percent year-on-year at 44.64 trillion yuan.

In a statement on its website, the central bank said M1 rose 11.48 percent to 15.7 trillion yuan at the end of August. M1 was up 13.96 percent in July.

M0 was up 10.89 percent year-on-year at 3.1 trillion yuan. M0 rose 12.3 percent year-on-year in July.

Outstanding loans grew 14.86 percent to 31.1 trillion yuan while outstanding yuan loans were up 14.29 percent year-on-year to 29.3 trillion yuan.

New yuan loans in August stood at 271.5 billion yuan, 31.3 billion less than the year-earlier level.