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.