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.

In 2024, China’s monetary authority, the People’s Bank of China, issued more than ** trillion yuan which was the highest amount issued in one year so far. Over the past years, the value of printed money increased steadily. The issuing of currency was one function of a central bank. Maintaining price stability One of the main policy objectives of the People’s Bank of China was to maintain price stability. Typically, countries set the desired inflation target and the central bank implements the necessary policies to achieve the said target. Usually, China keeps its inflation target at around ***** percent, but in 2021, the inflation rate dropped to under *** percent. If the inflation rate is too low, central banks can issue more currency and decrease the interest rate. In the opposite scenario, if the inflation rate is too high central banks try to reduce the amount of money in circulation by increasing the interest rate or decreasing bond prices. Managing the economy In capitalist market economies, economies usually undergo a boom and bust cycle. Central banks attempt to counteract this cyclical development to soften the impact for its citizens. For instance, the Chinese government aims to maintain an unemployment rate of around **** percent. However, crises such as the 2008 financial crisis and the outbreak of COVID-19 have an unforeseen impact on the economy. To lower the employment rate, the People’s Bank engaged specific monetary policies to stimulate the economy with the aim of increasing job creation.

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

Money Supply M0 in China decreased to 13125.85 CNY Billion in May from 13138.70 CNY Billion in April of 2025. This dataset provides - China Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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Banknote Market Size 2025-2029

The banknote market size is forecast to increase by USD 2.19 billion, at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth due to the rising financial inclusion efforts and increasing numbers of countries outsourcing their currency printing. The drive towards financial inclusion is expanding the market as more individuals gain access to formal financial services, necessitating the use of physical currency. Moreover, the trend of countries outsourcing currency printing to specialized entities is fueling market growth, as these organizations possess advanced technology and expertise, enabling the production of high-quality banknotes. However, the market faces challenges, including the increasing use of cryptocurrencies. As digital currencies gain popularity, they pose a potential threat to traditional paper currencies.
Additionally, the production of counterfeit banknotes continues to be a significant challenge, requiring ongoing efforts from market participants to develop advanced security features and countermeasures. Companies seeking to capitalize on market opportunities should focus on innovating security features and providing cost-effective solutions for currency production. Meanwhile, navigating the challenge of cryptocurrencies may involve exploring partnerships or offerings that complement rather than compete with digital currencies.

What will be the Size of the Banknote Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market forces and advancements in technology. Digital currencies and increased transparency are reshaping financial transactions, leading to increased demand for secure banknote production and authentication systems. Intaglio printing, UV fluorescence, and holographic security threads are among the security standards used to ensure banknote authenticity. RFID technology and NFC integration offer new possibilities for banknote tracking and management. Wear and tear, a constant challenge in banknote circulation, is addressed through advanced printing processes and materials like polymer banknotes. Banknote recycling and inflation control are essential aspects of economic development, requiring robust compliance standards and data security measures.

Financial inclusion and currency exchange are facilitated by cash handling solutions, including cash deposit machines and advanced cash management systems. Central bank printing and design play crucial roles in maintaining financial stability and fostering financial literacy. Monetary policy and anti-counterfeiting technologies, such as security ink and metallic threads, are integral to maintaining currency value and combating forgery. Government regulations and anti-money laundering (AML) measures ensure banknote circulation adheres to ethical and legal standards. Banknote verification and authentication systems employ various techniques, including serial number management and optical variable ink, to maintain the integrity of banknote circulation.

The ongoing pursuit of innovation and security in banknote production and management continues to drive market growth and adapt to the evolving financial landscape.

How is this Banknote Industry segmented?

The banknote industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  State-owned
  Commercial


Application

  Intaglio printing
  Offset Printing
  Letterpress Printing


Geography

  North America

    US


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The state-owned segment is estimated to witness significant growth during the forecast period.

Banknotes play a crucial role in financial transactions, with their production and authentication overseen by various entities to ensure security and compliance. Historically, banknotes have been printed by state-owned printers, or state print works (SPWs), to maintain control over design and anti-counterfeiting features. For instance, the US Bureau of Printing and Engraving took over exclusive banknote printing in 1877 to protect national security and sensitive information. Modern banknote production involves advanced technologies like intaglio printing, UV fluorescence, holographic security threads, and optically variable ink. Banknote sorting, tracking, and authentication systems employ RFID technology, digital asset management, and serial number management to maintain currency integrity.

Polymer banknotes, digital currencies, and financial inclusion i

The global banknote market, valued at $8.1 billion in 2025, is projected to experience robust growth, driven by factors such as increasing global trade, rising tourism, and the persistent need for secure and reliable currency transactions. The market's Compound Annual Growth Rate (CAGR) of 4.9% from 2025 to 2033 indicates a steady expansion, with significant opportunities for market players. This growth is further fueled by technological advancements in banknote printing, including enhanced security features to combat counterfeiting, and the adoption of polymer banknotes in several regions for their durability and cost-effectiveness. The segment breakdown reveals a significant portion dominated by state-owned printing entities, while commercial printers cater to specialized needs. Offset printing remains a prevalent technology, however, the adoption of Intaglio printing, known for its high-quality and security features, is expected to increase, especially in high-value banknotes. Regional variations exist, with APAC, particularly China and India, representing significant markets due to their large populations and expanding economies. North America and Europe, while mature markets, remain substantial contributors. The competitive landscape is characterized by a mix of established players and emerging companies, with strategies centered on technological innovation, cost optimization, and securing government contracts. Industry risks include fluctuations in raw material prices, geopolitical instability, and the potential impact of digital currencies on the long-term demand for physical banknotes. The forecast period (2025-2033) promises sustained growth, influenced by emerging economies' strengthening financial systems and ongoing demand for reliable currency. However, companies need to adapt to changing regulatory landscapes and invest in advanced printing technologies to remain competitive. The market is poised for further segmentation based on specialized security features, substrate materials, and regional preferences. Continued expansion is anticipated, barring significant unforeseen global economic shifts or a rapid and widespread adoption of cashless payment systems. Understanding regional nuances and adapting to evolving security requirements will be crucial for success in this dynamic market.

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Security Printing Market Size 2024-2028

The security printing market size is forecast to increase by USD 5.92 billion at a CAGR of 4.83% between 2023 and 2028. The market is driven by several key factors. One significant trend is the growing emphasis on outsourcing the printing of critical documents such as cheques, identity cards, passports, stock certificates, postage stamps, and currency. This outsourcing is due to the need for advanced security features, including intaglio printing, holography, specialty paper, microprint, and copying marks. Another trend is the transition toward a cashless economy, which is leading to an increased demand for secure digital printing solutions for items like digital currencies, secure documents, and identification cards. Additionally, there is a focus on creating durable solutions for printing currency to prevent counterfeiting. These factors are shaping the growth of the market.

What will the size of the market be during the forecast period?

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The market encompasses the production and supply of secure technology for various applications, including banknotes, cheques, identity cards, passports, stock certificates, postage stamps, and other valuable documents. Economic loss and reputation damage due to tampering, counterfeiting, and corruption are significant concerns in this market. Secure technology includes hybrid papers, intaglio printing, holography, specialty paper, microprint, counterfeiting practices, digital watermarks, secure inks, EMV smart cards, and biometrics. Currency production is a major segment of the market, with a focus on preventing counterfeiting through advanced security measures such as holography and microprint. Monetary loss and reputation loss due to counterfeit attacks are major drivers for the market. Other applications, such as payments, identity cards and passports, also require high levels of security to prevent tampering and identity theft. Security measures in the market include authentication technologies like holography, colour printing, specialty paper, and secure inks. Counterfeiting practices, such as the use of digital technologies and polymers, continue to evolve, requiring ongoing innovation in security technology to stay ahead. The market is expected to grow significantly due to the increasing demand for secure identity documents and the need to prevent monetary and reputation losses from counterfeit attacks.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Banking and financial sector
  Government sector
  Others


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  Middle East and Africa



  South America

By End-user Insights

The banking and financial sector segment is estimated to witness significant growth during the forecast period. The market encompasses various applications, including cheques, identity cards, passports, stock certificates, and postage stamps. This industry is experiencing significant growth due to the increasing demand for secure and authentic documents. The banking and financial sector is a major contributor to this market, as cash remains a significant mode of transaction in many economies. With the growing global population and the increasing number of automated teller machines (ATMs), cash circulation has been on the rise. However, the push for cashless transactions and the increasing popularity of digital payments may negatively impact the demand for cash and, consequently, the market. Security printing involves specialized techniques such as intaglio printing, holography, and the use of specialty paper to create secure and authentic documents.

Further, the use of advanced technologies such as holography and intaglio printing is expected to drive the growth of the market. Holography, in particular, offers unique security features that are difficult to replicate, making it an ideal choice for high-security applications such as passports and identity cards. In conclusion, the market is expected to witness steady growth due to the increasing demand for secure and authentic documents in various applications, particularly in the banking and financial sector. The use of advanced technologies such as holography and intaglio printing is expected to drive market growth, while the push for cashless transactions may present a challenge.

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The banking and financial sector segment accounted for USD 9.54 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 61% to the growth of the global ma