China’s money supply (M2) rose 8.6% year-on-year to CNY 353.67 trillion in May 2026, topping market expectations of an 8.5% growth and rising from CNY 353.04 trillion in April. Money Supply M2 in China averaged 102377.25 CNY Billion from 1996 until 2026, reaching an all time high of 353863.65 CNY Billion in March 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 353668.89 CNY Billion in May from 353042.52 CNY Billion in April of 2026.

Money Supply M2 in China increased to 353668.89 CNY Billion in May from 353042.52 CNY Billion in April of 2026. Money Supply M2 in China is expected to be 355050.00 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 375100.00 CNY Billion in 2027 and 382100.00 CNY Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-14 09:00 AM
M2 Money Supply YoY
Apr 8.6% 8.5% 8.5% 8.3%
2026-06-12 09:00 AM
M2 Money Supply YoY
May 8.6% 8.6% 8.5% 8.7%
2026-07-14 07:00 AM
M2 Money Supply YoY
Jun 8.6%


Related Last Previous Unit Reference
Banks Balance Sheet 4886518.00 4876846.61 CNY Hundred Million May 2026
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent May 2026
Central Bank Balance Sheet 483806.92 486327.50 CNY Hundred Million May 2026
Foreign Exchange Reserves 3442000.00 3411000.00 USD Million May 2026
Interbank Rate 1.43 1.43 percent Jun 2026
Loan Prime Rate 1Y 3.00 3.00 percent May 2026
Liquidity Injections Via Reverse Repo 248.00 420.30 CNY Billion Jun 2026
Outstanding Loan Growth YoY 5.50 5.60 percent May 2026
Loans To Banks 2781037.72 2776937.91 CNY Hundred Million May 2026
Loans to Households 826399.82 827811.62 CNY Hundred Million May 2026
Money Supply M0 14685.47 14747.74 CNY Billion May 2026
Money Supply M1 114889.14 114583.37 CNY Billion May 2026
M2 Money Supply YoY 353668.89 353042.52 CNY Billion May 2026
7-Day Reverse Repo Rate 1.40 1.40 percent May 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
353668.89 353042.52 353863.65 5840.10 1996 - 2026 CNY Billion Monthly
Current Prices, NSA