AI Data Insight
In the third quarter of 2026 (August), China's quasi-money scale reached 2,428,725.86 billion RMB, an increase of over 1.84 trillion RMB from the previous value, indicating that funds continue to flow back into the banking system. During the same period, M2 grew by 7.5% year-on-year, slightly lower than market consensus, reflecting that private risk aversion remains strong. Going forward, attention should be paid to how officials will guide the release of massive deposits into the real economy.