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China M2 Money Supply YoY

Published:

Annual growth in China's M2 broad money, published by the PBOC.

Economic Indicatorsmedium volatility

Full explanation

China M2 Money Supply YoY is the annual percentage growth in China's broad money M2, published monthly by the People's Bank of China (PBOC) in its financial statistics. M2 includes currency in circulation, demand deposits and time and savings deposits, among other items. It is a growth rate compared with the same month a year earlier.

Why traders watch it

M2 growth is a key gauge of Chinese monetary conditions and policy support.

Stronger vs weaker outcomes

Faster growth than expected points to looser monetary and credit conditions and can support expectations of firmer activity or inflation; slower growth points the other way.

Stronger than expected

A higher reading means Chinese broad money grew faster over the past year.

Weaker than expected

A lower reading means it grew more slowly.

In line with expectations

Higher means faster; lower means slower.

Release details

Release frequency
Monthly (around mid-month, date varies)
Published by
CN

Typical volatility

medium. This is M2, a different aggregate from M1, and a growth rate rather than an amount.

Trading considerations

  • Read with new yuan loans and total social financing.

Educational guidance only — never a trading signal or recommendation.

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