China’s money supply (M2) rose 9.0% year-on-year to a record CNY 347.19 trillion in January 2026, surpassing market expectations of 8.4% and rising from CNY 340.29 trillion in December 2025. Money Supply M2 in China averaged 99931.59 CNY Billion from 1996 until 2026, reaching an all time high of 347190.00 CNY Billion in January of 2026 and a record low of 5840.10 CNY Billion in January of 1996. source: People's Bank of China

Money Supply M2 in China increased to 340294.81 CNY Billion in December from 336989.05 CNY Billion in November of 2025.

Money Supply M2 in China increased to 340294.81 CNY Billion in December from 336989.05 CNY Billion in November of 2025. Money Supply M2 in China is expected to be 340050.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Money Supply M2 is projected to trend around 365100.00 CNY Billion in 2027 and 382100.00 CNY Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 07:30 AM
M2 Money Supply YoY
Dec 8.5% 8% 8% 8.0%
2026-02-13 09:00 AM
M2 Money Supply YoY
Jan 9% 8.5% 8.4% 8.2%
2026-03-14 09:00 AM
M2 Money Supply YoY
Feb 9%


Related Last Previous Unit Reference
Banks Balance Sheet 4736385.67 4718865.01 CNY Hundred Million Dec 2025
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Jan 2026
Central Bank Balance Sheet 481591.34 472969.70 CNY Hundred Million Dec 2025
Foreign Exchange Reserves 3399000.00 3358000.00 USD Million Jan 2026
Interbank Rate 1.58 1.58 percent Feb 2026
Loan Prime Rate 1Y 3.00 3.00 percent Jan 2026
Liquidity Injections Via Reverse Repo 145.00 166.50 CNY Billion Feb 2026
Outstanding Loan Growth YoY 6.10 6.40 percent Jan 2026
Loans To Banks 2693880.32 2684848.02 CNY Hundred Million Dec 2025
Loans to Households 832714.26 833631.03 CNY Hundred Million Dec 2025
Money Supply M0 14126.14 13736.94 CNY Billion Dec 2025
Money Supply M1 115514.65 112886.66 CNY Billion Dec 2025
M2 Money Supply YoY 347190.00 340294.81 CNY Billion Jan 2026
7-Day Reverse Repo Rate 1.40 1.40 percent Jan 2026


China Money Supply M2
China Money Supply M2 includes M1 plus short-term time deposits in banks.
Actual Previous Highest Lowest Dates Unit Frequency
347190.00 340294.81 347190.00 5840.10 1996 - 2026 CNY Billion Monthly
Current Prices, NSA