China: Money Supply - M2

Macro

2026-08-14

Description

China Money Supply - M2 is compiled and published by the People's Bank of China (PBOC) to measure the broad money supply within the economy. M2 includes cash in circulation (M0), corporate demand deposits (M1), as well as time deposits and other quasi-monetary forms of funds. M2 is an important indicator for reflecting the overall money supply in the economy, and it is key for assessing the banking system's liquidity, credit creation capability, and potential for economic growth. Growth in M2 typically indicates credit expansion and increased economic activity, while a decline in M2 may suggest credit tightening or a slowdown in economic activity.

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

AI Data Insight

China's latest released Q3 M2 money supply is 355.5077 trillion RMB, a decrease of approximately 1.2 trillion from the previous value. The year-over-year growth rate slowed to 7.7%, lower than the market expectation of 7.9%. Accompanied by weak M1 growth and lower-than-expected new credit, this indicates that private financing demand remains sluggish, and the People's Bank of China may face further easing policy pressure in the future.

AI Data Insight

China's latest released Q3 M2 money supply is 355.5077 trillion RMB, a decrease of approximately 1.2 trillion from the previous value. The year-over-year growth rate slowed to 7.7%, lower than the market expectation of 7.9%. Accompanied by weak M1 growth and lower-than-expected new credit, this indicates that private financing demand remains sluggish, and the People's Bank of China may face further easing policy pressure in the future.

Description

China Money Supply - M2 is compiled and published by the People's Bank of China (PBOC) to measure the broad money supply within the economy. M2 includes cash in circulation (M0), corporate demand deposits (M1), as well as time deposits and other quasi-monetary forms of funds. M2 is an important indicator for reflecting the overall money supply in the economy, and it is key for assessing the banking system's liquidity, credit creation capability, and potential for economic growth. Growth in M2 typically indicates credit expansion and increased economic activity, while a decline in M2 may suggest credit tightening or a slowdown in economic activity.

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