China: Depository Corporations Survey - Quasi-Money

Macro

2026-09-15

Description

China Depository Corporations Survey - Quasi-Money is compiled and published by the People's Bank of China (PBOC) to measure the total amount of quasi-monetary assets held by depository corporations in China, such as banks. These include time deposits, savings deposits, and other funds with lower liquidity. Quasi-money reflects assets in the economy that have lower liquidity but may be converted into money in the future, serving as an important indicator for analyzing the structure of the money supply and liquidity management. Growth in quasi-money usually indicates an increase in deposits and enhanced stability of funds within the banking system, while a decline may suggest capital outflows or a slowdown in economic activity.

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

AI Data Insight

In July 2026, China's quasi-money balance reached 2,410,342.17 hundred million RMB, an increase of nearly 1 trillion RMB compared to the previous month's 2,400,454.24 hundred million RMB. Although there have been signs of household deposit migration recently, the trend of funds moving into term deposits remains unchanged. Combined with the slowing growth rate of broad money (M2) and credit contraction, the momentum for activating the real economy still requires further policy catalysis.

AI Data Insight

In July 2026, China's quasi-money balance reached 2,410,342.17 hundred million RMB, an increase of nearly 1 trillion RMB compared to the previous month's 2,400,454.24 hundred million RMB. Although there have been signs of household deposit migration recently, the trend of funds moving into term deposits remains unchanged. Combined with the slowing growth rate of broad money (M2) and credit contraction, the momentum for activating the real economy still requires further policy catalysis.

Description

China Depository Corporations Survey - Quasi-Money is compiled and published by the People's Bank of China (PBOC) to measure the total amount of quasi-monetary assets held by depository corporations in China, such as banks. These include time deposits, savings deposits, and other funds with lower liquidity. Quasi-money reflects assets in the economy that have lower liquidity but may be converted into money in the future, serving as an important indicator for analyzing the structure of the money supply and liquidity management. Growth in quasi-money usually indicates an increase in deposits and enhanced stability of funds within the banking system, while a decline may suggest capital outflows or a slowdown in economic activity.

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