China: Depository Corporations Survey - Money and Quasi-Money

Macro

2026-08-15

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

AI Data Insight

The latest observation data for the third quarter of 2026 shows that China's broad money (M2) balance dropped to 355.5 trillion RMB, retreating slightly from the previous data of 356.7 trillion RMB. The latest M2 YoY growth rate of 7.7% was lower than the market consensus expectation of 7.9%, reflecting a slowdown in credit expansion and overall financing demand. To prevent downside economic risks, the PBOC is expected to maintain a moderately loose tone and rely on structural monetary tools to precisely support the real economy.

AI Data Insight

The latest observation data for the third quarter of 2026 shows that China's broad money (M2) balance dropped to 355.5 trillion RMB, retreating slightly from the previous data of 356.7 trillion RMB. The latest M2 YoY growth rate of 7.7% was lower than the market consensus expectation of 7.9%, reflecting a slowdown in credit expansion and overall financing demand. To prevent downside economic risks, the PBOC is expected to maintain a moderately loose tone and rely on structural monetary tools to precisely support the real economy.

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