Money Supply M2 in China increased to 331983.14 CNY Billion in August from 329942.91 CNY Billion in July of 2025. This dataset provides - China Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View monthly updates and historical trends for China M2 Money Supply. Source: The People's Bank of China. Track economic data with YCharts analytics.

Graph and download economic data for M2 for China (MYAGM2CNM189N) from Dec 1998 to Aug 2019 about M2, monetary aggregates, and China.

Key information about China Money Supply M2

• China Money Supply M2 was reported at 44,045.771 USD bn in Sep 2024
• This records an increase from the previous number of 43,145.247 USD bn for Aug 2024
• China Money Supply M2 data is updated monthly, averaging 10,844.702 USD bn from Jan 1997 to Sep 2024, with 333 observations
• The data reached an all-time high of 44,045.771 USD bn in Sep 2024 and a record low of 928.587 USD bn in Jan 1997
• China Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly: Seasonally Adjusted

CEIC converts monthly Money Supply M2 into USD. The People's Bank of China provides Money Supply M2 in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

At the end of 2024, the M2 broad money supply in China amounted to over *** trillion yuan. Broad money supply had been growing consistently over the years. However, the overall growth rate of all money supply had been decreasing. Money is not money? In economic theory, the money supply describes the volume of currency that exists in a country. Even though it might sound counterintuitive, there are different types of money. For example, cash, saving deposits, or other liquid assets are then divided into tiers from M1 to M3. Thereby, M2 money or broad money comprised of cash and assets that can easily be converted into cash. The main application of M2 money is making payments and economic transactions. For mainstream economists, the volume of M1 and M2 money can indicate inflation. The mysterious case of money expansion in China The post-pandemic economic recovery has not materialized as the growth in the M2 money supply would have indicated in China. As a consequence of global anti-COVID-19 measures, China’s economic growth fell far below the country’s development targets. After another underperforming year in 2022, the M2 money supply grew by almost ** percent in the first quarter of 2023, but the GDP increased only by *** percent, which indicated that the money does not reach the real economy. Therefore, the Chinese economy could be in a liquidity trap or a balance sheet recession.

Key information about Hong Kong SAR (China) M2 Growth

• Hong Kong SAR (China) Money Supply M2 increased 9.6 % YoY in Jan 2025, compared with a growth of 7.3 % in the previous month
• Hong Kong SAR (China) Money Supply M2 growth data is updated monthly, available from Dec 1981 to Jan 2025
• The data reached an all-time high of 86.8 % in Oct 1982 and a record low of -6.1 % in Oct 2008

CEIC calculates M2 Growth Rate from monthly M2. Hong Kong Monetary Authority provides M2 in local currency.


Further information about Hong Kong SAR (China) M2 Growth

• In the latest reports, Hong Kong SAR (China) Foreign Exchange Reserves was measured at 421.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 9.3 Months of Import in May 2023
• Hong Kong SAR (China) Domestic Credit reached 1,011.8 USD bn in Oct 2024, representing an drop of 0.2 % YoY
• The country's Non Performing Loans Ratio stood at 2.2 % in Dec 2024, compared with the ratio of 2.2 % in the previous quarter
• Household Debt of Hong Kong SAR (China) reached 359.2 USD bn in Dec 2024, accounting for 87.8 % of the country's Nominal GDP

China Money Supply M2: sa data was reported at 183,684.500 RMB bn in Dec 2018. This records an increase from the previous number of 177,939.200 RMB bn for Sep 2018. China Money Supply M2: sa data is updated quarterly, averaging 30,182.450 RMB bn from Mar 1993 (Median) to Dec 2018, with 104 observations. The data reached an all-time high of 183,684.500 RMB bn in Dec 2018 and a record low of 2,956.520 RMB bn in Mar 1993. China Money Supply M2: sa data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KA: Money Supply: Quarterly.

Key information about China M2 Growth

• China Money Supply M2 increased 7.0 % YoY in Jan 2025, compared with a growth of 7.3 % in the previous month
• China Money Supply M2 growth data is updated monthly, available from Mar 1997 to Jan 2025
• The data reached an all-time high of 29.7 % in Nov 2009 and a record low of 6.2 % in Jun 2024

The People's Bank of China provides M2 Growth Rate.


Further information about China M2 Growth

• In the latest reports, China Foreign Exchange Reserves was measured at 3,209.0 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 13.9 Months of Import in Dec 2024
• China Domestic Credit reached 48,395.6 USD bn in Dec 2024, representing an increased of 8.4 % YoY
• The country's Non Performing Loans Ratio stood at 1.6 % in Sep 2024, compared with the ratio of 1.6 % in the previous quarter
• Household Debt of China reached 11,347.6 USD bn in Dec 2024, accounting for 63.3 % of the country's Nominal GDP

The graph shows the quasi-money (M2) supply in China in selected years from 2000 to 2022. M2 refers to a broader classification of money, comprised of cash and checking deposits (M1) as well as savings deposits, money market mutual funds and other time deposits. At the end of 2022, the value of M2 money supply in China amounted to nearly **** trillion U.S. dollars.

Graph and download economic data for M2 for China (DISCONTINUED) (MABMM201CNQ189N) from Q1 1990 to Q4 2013 about M2, broad, monetary aggregates, and China.

Key information about Hong Kong SAR (China) Money Supply M2

• Hong Kong SAR (China) Money Supply M2 was reported at 2,406.638 USD bn in Jan 2025
• This records an increase from the previous number of 2,376.305 USD bn for Dec 2024
• Hong Kong SAR (China) Money Supply M2 data is updated monthly, averaging 462.433 USD bn from Dec 1980 to Jan 2025, with 530 observations
• The data reached an all-time high of 2,406.638 USD bn in Jan 2025 and a record low of 17.615 USD bn in Sep 1981
• Hong Kong SAR (China) Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly

CEIC converts monthly Money Supply M2 into USD. Hong Kong Monetary Authority provides Money Supply M2 in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

China M2 - Historical chart and current data through 2019.

This statistic shows the growth rate of China's money supply from 2013 to 2023, i.e. the growth rate of the M2 money supply. M2 is made up of the nonbanks' demand deposits as well as all the cash in circulation (M1) and short-term deposits. In 2023, China's money supply increased by *** percent compared to the previous year.

Broad money (% of GDP) in China was reported at 227 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Broad money (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Money Supply M1 in China increased to 111225.57 CNY Billion in August from 111058.69 CNY Billion in July of 2025. This dataset provides - China Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Money Supply M2: Quasi Money: Other Deposits data was reported at 21,319.100 RMB bn in 2018. This records an increase from the previous number of 16,344.066 RMB bn for 2017. China Money Supply M2: Quasi Money: Other Deposits data is updated yearly, averaging 1,319.970 RMB bn from Dec 1990 (Median) to 2018, with 29 observations. The data reached an all-time high of 21,319.100 RMB bn in 2018 and a record low of 65.790 RMB bn in 1990. China Money Supply M2: Quasi Money: Other Deposits data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Money Supply: Quarterly.

Money Supply M0 in China increased to 13340.23 CNY Billion in August from 13284.48 CNY Billion in July of 2025. This dataset provides - China Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M3 in China increased to 291201.42 CNY Billion in November from 288227.61 CNY Billion in October of 2023. This dataset includes a chart with historical data for China Money Supply M3.

China Money Supply M2: Quasi Money: Other Deposit data was reported at 20,021.499 RMB bn in Mar 2019. This records a decrease from the previous number of 21,319.100 RMB bn for Dec 2018. China Money Supply M2: Quasi Money: Other Deposit data is updated quarterly, averaging 1,813.389 RMB bn from Mar 1995 (Median) to Mar 2019, with 97 observations. The data reached an all-time high of 21,319.100 RMB bn in Dec 2018 and a record low of 285.780 RMB bn in Mar 1997. China Money Supply M2: Quasi Money: Other Deposit data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KA: Money Supply: Quarterly.

China Money Supply M2: Quasi Money: Time Deposit data was reported at 35,901.548 RMB bn in Mar 2019. This records an increase from the previous number of 34,017.900 RMB bn for Dec 2018. China Money Supply M2: Quasi Money: Time Deposit data is updated quarterly, averaging 3,996.495 RMB bn from Mar 1995 (Median) to Mar 2019, with 97 observations. The data reached an all-time high of 35,901.548 RMB bn in Mar 2019 and a record low of 220.320 RMB bn in Mar 1995. China Money Supply M2: Quasi Money: Time Deposit data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KA: Money Supply: Quarterly.