China: Money Supply - M0

Macro

2026-05-15

Description

China Money Supply - M0 is compiled and published by the People's Bank of China (PBOC) and measures the total amount of cash in circulation. M0 is the most basic level of money supply and generally reflects changes in cash demand within the economy. It serves as an important indicator for observing the implementation of monetary policy and liquidity management. Growth in M0 typically indicates rising cash demand, reflecting increased consumption and transaction activities, while a decline in M0 may suggest weakened cash demand or reduced economic activity.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Finance M0

AI Data Insight

China's M0 money supply for March 2026 recorded RMB 14,747.738 billion, rebounding slightly from the previous value of RMB 14,710.0 billion in February, indicating stable demand for cash in circulation after the Spring Festival. As the People's Bank of China sets a moderately loose tone, coupled with the functional expansion and introduction of an interest-bearing mechanism for the digital yuan (e-CNY) starting this year, the market expects liquidity in the real economy to receive further support in the short term, while potential risks of weak credit demand need to be monitored in the medium to long term.

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AI Data Insight

China's M0 money supply for March 2026 recorded RMB 14,747.738 billion, rebounding slightly from the previous value of RMB 14,710.0 billion in February, indicating stable demand for cash in circulation after the Spring Festival. As the People's Bank of China sets a moderately loose tone, coupled with the functional expansion and introduction of an interest-bearing mechanism for the digital yuan (e-CNY) starting this year, the market expects liquidity in the real economy to receive further support in the short term, while potential risks of weak credit demand need to be monitored in the medium to long term.

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Macro
Description

China Money Supply - M0 is compiled and published by the People's Bank of China (PBOC) and measures the total amount of cash in circulation. M0 is the most basic level of money supply and generally reflects changes in cash demand within the economy. It serves as an important indicator for observing the implementation of monetary policy and liquidity management. Growth in M0 typically indicates rising cash demand, reflecting increased consumption and transaction activities, while a decline in M0 may suggest weakened cash demand or reduced economic activity.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Finance M0