China: Depository Corporations Survey - Money and Quasi-Money

Macro

2026-10-15

Description

China Depository Corporations Survey - Money and Quasi-Money is compiled and published by the People's Bank of China (PBOC) to measure the total amount of various monetary and quasi-monetary assets held by depository corporations in China, such as banks. This indicator reflects the money supply within the banking system and is an important parameter for analyzing monetary liquidity, credit creation capacity, and financial system stability. Growth in money and quasi-money usually indicates abundant liquidity, which may support credit expansion and economic growth, while a decline may suggest tightening liquidity or deteriorating financial conditions.

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

AI Data Insight

In Q3 2026 (September), China's broad money (M2) balance reached 359,628.97 billion RMB, an increase of approximately 2.82 trillion RMB from the previous value of 356,808.36 billion RMB. Although new loans outperformed expectations thanks to policy support and end-of-quarter effects, the M2 YoY growth rate of 7.2% still fell short of the market consensus of 7.4%. Meanwhile, the widening scissors gap between M2 and M1 further indicates that the real economy continues to face challenges with ineffective fund conversion.

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AI Data Insight

In Q3 2026 (September), China's broad money (M2) balance reached 359,628.97 billion RMB, an increase of approximately 2.82 trillion RMB from the previous value of 356,808.36 billion RMB. Although new loans outperformed expectations thanks to policy support and end-of-quarter effects, the M2 YoY growth rate of 7.2% still fell short of the market consensus of 7.4%. Meanwhile, the widening scissors gap between M2 and M1 further indicates that the real economy continues to face challenges with ineffective fund conversion.

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Description

China Depository Corporations Survey - Money and Quasi-Money is compiled and published by the People's Bank of China (PBOC) to measure the total amount of various monetary and quasi-monetary assets held by depository corporations in China, such as banks. This indicator reflects the money supply within the banking system and is an important parameter for analyzing monetary liquidity, credit creation capacity, and financial system stability. Growth in money and quasi-money usually indicates abundant liquidity, which may support credit expansion and economic growth, while a decline may suggest tightening liquidity or deteriorating financial conditions.

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