Money Supply M2 in China increased to 325783.81 CNY Billion in May from 325173.93 CNY Billion in April of 2025. This dataset provides - China Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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

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 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

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.

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.

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 28.3 trillion U.S. dollars.

China Money Supply M2: sa: Quasi Money data was reported at 130,114.500 RMB bn in Dec 2018. This records an increase from the previous number of 123,667.800 RMB bn for Sep 2018. China Money Supply M2: sa: Quasi Money data is updated quarterly, averaging 19,609.070 RMB bn from Mar 1993 (Median) to Dec 2018, with 104 observations. The data reached an all-time high of 130,114.500 RMB bn in Dec 2018 and a record low of 1,544.090 RMB bn in Mar 1993. China Money Supply M2: sa: Quasi Money 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.

Money Supply M1 in China decreased to 108914.77 CNY Billion in May from 109140.73 CNY Billion in April of 2025. This dataset provides - China Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the extent of China's money supply amounted to 292.27 trillion yuan. The statistic shows the extent of China's money supply between 2013 and 2023, more precisely the M2 money supply. This consists of the demand deposits of non-banks plus the cash in circulation (M1) and of short-term savings deposits. They are shown, in each case, at the year end.

China Money Supply M2: Quasi Money: Time Deposits data was reported at 34,017.900 RMB bn in 2018. This records an increase from the previous number of 32,019.623 RMB bn for 2017. China Money Supply M2: Quasi Money: Time Deposits data is updated yearly, averaging 1,530.698 RMB bn from Dec 1985 (Median) to 2018, with 34 observations. The data reached an all-time high of 34,017.900 RMB bn in 2018 and a record low of 23.540 RMB bn in 1985. China Money Supply M2: Quasi Money: Time 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.

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.

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 July of 2025.

By the end of 2024, the M1 money supply in China amounted to over ** trillion yuan. M1 money supply includes cash and demand deposits.

China Money Supply M2: Quasi Money: Time Deposit and Other Deposit data was reported at 55,923.047 RMB bn in Mar 2019. This records an increase from the previous number of 55,337.000 RMB bn for Dec 2018. China Money Supply M2: Quasi Money: Time Deposit and Other Deposit data is updated quarterly, averaging 3,768.149 RMB bn from Mar 1990 (Median) to Mar 2019, with 117 observations. The data reached an all-time high of 55,923.047 RMB bn in Mar 2019 and a record low of 104.220 RMB bn in Mar 1990. China Money Supply M2: Quasi Money: Time Deposit and 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: Saving Deposit data was reported at 78,260.612 RMB bn in Mar 2019. This records an increase from the previous number of 72,168.900 RMB bn for Dec 2018. China Money Supply M2: Quasi Money: Saving Deposit data is updated quarterly, averaging 11,545.874 RMB bn from Mar 1990 (Median) to Mar 2019, with 117 observations. The data reached an all-time high of 78,260.612 RMB bn in Mar 2019 and a record low of 576.590 RMB bn in Mar 1990. China Money Supply M2: Quasi Money: Saving 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: sa: Quasi Money: Saving Deposit data was reported at 63,658.500 RMB bn in Dec 2018. This records an increase from the previous number of 62,053.400 RMB bn for Sep 2018. China Money Supply M2: sa: Quasi Money: Saving Deposit data is updated quarterly, averaging 14,574.855 RMB bn from Mar 1993 (Median) to Dec 2018, with 104 observations. The data reached an all-time high of 63,658.500 RMB bn in Dec 2018 and a record low of 1,237.710 RMB bn in Mar 1993. China Money Supply M2: sa: Quasi Money: Saving 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.

The house price data are collected from the official website of China's National Bureau of Statistics . We acquired the month-on-month growth data of the house price for 70 large and medium-sized representative cities in China since January 2006, then compiled the composite house price index (Houidx) based on January 2006 as 100. We use the Shanghai stock exchange composite index (SSEI) to measure the stock market price level, and the seasonal adjusted broad money M2 (M2) to proxy for the money supplying, both indexes are collected from the Wind database. The monthly house price shock (hous), stock price change (ssei) or the money supply growth (m2) are calculated as (ln(Idxt) - ln(Idxt-1))×100, where Index are the Houidx, SSEI or M2, correspondingly. 158 observations from February 2006 to March 2019 are obtained.