China: Total Market Capitalization of Listed Companies / Broad Money M2

Macro

2026-08-15

Description

The total market value of listed companies in China/M2 is mainly used to measure the extent of market capital investment in the stock market. When this indicator is too high, it represents a large influx of funds into the stock market, which may lead to a rapid rise in stock prices and the risk of diverging from fundamentals. Conversely, a lower indicator may indicate a relatively smaller stock market or a lack of liquidity in the market.

Note: The total market capitalization is greater than the circulating market capitalization, because the total market capitalization includes all stocks, while the circulating market capitalization only calculates the freely tradable part, such as founder shares, government shares, etc. are not included in the circulating market capitalization.

Published by
Choice Eastmoney
Frequency
Monthly
Next Update
Hashtags
China Finance M2

AI Data Insight

In Q3 2026, the ratio of the total market capitalization of China's domestic listed companies to M2 fell to 0.3089, significantly lower than the previous quarter's 0.3315. This indicates that although broad money growth continues to expand, the willingness of capital to flow into the stock market is declining. Against the backdrop of the central bank setting the tone for credit to "decelerate and improve quality," short-term funds are expected to continue favoring safe-haven assets.

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AI Data Insight

In Q3 2026, the ratio of the total market capitalization of China's domestic listed companies to M2 fell to 0.3089, significantly lower than the previous quarter's 0.3315. This indicates that although broad money growth continues to expand, the willingness of capital to flow into the stock market is declining. Against the backdrop of the central bank setting the tone for credit to "decelerate and improve quality," short-term funds are expected to continue favoring safe-haven assets.

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Macro
Description

The total market value of listed companies in China/M2 is mainly used to measure the extent of market capital investment in the stock market. When this indicator is too high, it represents a large influx of funds into the stock market, which may lead to a rapid rise in stock prices and the risk of diverging from fundamentals. Conversely, a lower indicator may indicate a relatively smaller stock market or a lack of liquidity in the market.

Note: The total market capitalization is greater than the circulating market capitalization, because the total market capitalization includes all stocks, while the circulating market capitalization only calculates the freely tradable part, such as founder shares, government shares, etc. are not included in the circulating market capitalization.

Published by
Choice Eastmoney
Frequency
Monthly
Next Update
Hashtags
China Finance M2