China: Depository Corporations Survey - Quasi-Money

Macro

2026-07-16

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
Hashtags
China Finance

AI Data Insight

In May 2026, China's total quasi-money reached 2,382,332.9 billion RMB, a slight decrease of approximately 5,464.6 billion RMB from the previous month. Against the backdrop of broad money (M2) maintaining a year-on-year growth of 8.6%, the single-month decline in quasi-money reflects the "deposit migration" effect, where funds are shifting from time deposits to wealth management products in a low-interest-rate environment. Moving forward, close attention should be paid to whether fiscal expansion and the PBOC's structural tools can effectively clear the monetary transmission mechanism and boost credit demand in the real economy.

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AI Data Insight

In May 2026, China's total quasi-money reached 2,382,332.9 billion RMB, a slight decrease of approximately 5,464.6 billion RMB from the previous month. Against the backdrop of broad money (M2) maintaining a year-on-year growth of 8.6%, the single-month decline in quasi-money reflects the "deposit migration" effect, where funds are shifting from time deposits to wealth management products in a low-interest-rate environment. Moving forward, close attention should be paid to whether fiscal expansion and the PBOC's structural tools can effectively clear the monetary transmission mechanism and boost credit demand in the real economy.

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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
Hashtags
China Finance