China: Money Supply - M0

Macro

2026-10-15

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 newly released Q3 (September) 2026 M0 money supply climbed to 150,169.14 hundred million RMB, continuing its growth from the previous value of 148,311.98 hundred million RMB. Although the central bank maintains loose liquidity, the scissors difference between M2 and M1 has further expanded to 4 percentage points, indicating that the investment and consumption willingness of enterprises and the public remains conservative, and the phenomenon of capital stagnation urgently requires further policy effectiveness.

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AI Data Insight

China's newly released Q3 (September) 2026 M0 money supply climbed to 150,169.14 hundred million RMB, continuing its growth from the previous value of 148,311.98 hundred million RMB. Although the central bank maintains loose liquidity, the scissors difference between M2 and M1 has further expanded to 4 percentage points, indicating that the investment and consumption willingness of enterprises and the public remains conservative, and the phenomenon of capital stagnation urgently requires further policy effectiveness.

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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