China: Depository Corporations Survey - Quasi-Money

Macro

2026-05-15

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
Hashtags
China Finance

AI Data Insight

China's quasi-money scale reached 2,384,591.48 billion RMB in the second quarter of 2026, continuing to climb from the previous value of 2,345,433.55 billion RMB, driving the April M2 YoY growth rate to beat market consensus at 8.6%. The massive newly added household deposits and the widening M2-M1 scissors gap indicate that funds still prefer safe havens. Looking ahead, the PBOC is expected to maintain a moderately loose stance, and how to activate dormant funds will be the core focus of subsequent policies.

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AI Data Insight

China's quasi-money scale reached 2,384,591.48 billion RMB in the second quarter of 2026, continuing to climb from the previous value of 2,345,433.55 billion RMB, driving the April M2 YoY growth rate to beat market consensus at 8.6%. The massive newly added household deposits and the widening M2-M1 scissors gap indicate that funds still prefer safe havens. Looking ahead, the PBOC is expected to maintain a moderately loose stance, and how to activate dormant funds will be the core focus of subsequent policies.

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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