AI Data Insight
In the third quarter of 2026 (August), China's M2 month-on-month (MoM) growth rate reached 0.7905%, a significant rebound from 0.3659% in the previous month. However, macroeconomic data showed that both new loans and aggregate financing increments during the same period fell short of market expectations. This reflects that credit expansion is shifting from traditional bank credit to equity and bond financing, and the degree of fund activation in the real economy still needs to be boosted.