China: Money Supply - M2

Macro

2026-07-15

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
Hashtags
China Finance M2

AI Data Insight

The latest data from China shows that in June 2026 (Q2 2026), the broad money supply (M2) reached 3,567,108.43 hundred million RMB, an increase from the previous value, but the year-over-year growth rate dropped to 8.0%, lower than the market expectation of 8.5%. Coupled with new loans also missing expectations, this reflects that domestic effective demand remains sluggish, and official policies are guiding the transformation of the credit structure.

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AI Data Insight

The latest data from China shows that in June 2026 (Q2 2026), the broad money supply (M2) reached 3,567,108.43 hundred million RMB, an increase from the previous value, but the year-over-year growth rate dropped to 8.0%, lower than the market expectation of 8.5%. Coupled with new loans also missing expectations, this reflects that domestic effective demand remains sluggish, and official policies are guiding the transformation of the credit structure.

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Macro
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
Hashtags
China Finance M2