China: Money Supply - M0

Macro

2026-09-15

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 in Q3 2026 edged up to 148,311.98 hundred million RMB, continuing its upward trend from the previous value of 148,202.86 hundred million RMB, with a year-on-year growth rate reaching 11.2%. However, the latest released data on new loans and aggregate financing both fell far short of market expectations, reflecting that funds have not effectively flowed into the real economy. Whether the People's Bank of China (PBOC) will further step up easing efforts to stimulate domestic demand has become the focus of market attention.

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AI Data Insight

China's M0 money supply in Q3 2026 edged up to 148,311.98 hundred million RMB, continuing its upward trend from the previous value of 148,202.86 hundred million RMB, with a year-on-year growth rate reaching 11.2%. However, the latest released data on new loans and aggregate financing both fell far short of market expectations, reflecting that funds have not effectively flowed into the real economy. Whether the People's Bank of China (PBOC) will further step up easing efforts to stimulate domestic demand has become the focus of market attention.

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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