China's new yuan-denominated lending in January hit 1.47 trillion yuan (239.8 billion U.S. dollars), up 289.9 billion yuan from one year earlier, official data showed on Friday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 10.8 percent year on year to 124.27 trillion yuan at the end of January, according to data released by the People's Bank of China, the central bank.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 10.6 percent year on year to 34.81 trillion yuan.

Total private financing stood at 2.05 trillion yuan in January, down 539.4 billion yuan from a year ago. Endi