AI Data Insight
In Q1 2026, the ratio of China's M2 to the free-float market capitalization of domestic listed companies rose to 3.6191, a significant increase from the previous value of 3.3254. This data highlights the abundant social money supply under the PBOC's mildly loose policy, while also reflecting that funds have not yet fully translated into active liquidity for the stock market, indicating massive potential momentum for future market entry.