China: Depository Corporations Survey - Quasi-Money

Macro

2026-10-15

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 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.

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.

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