PBOC: M2 Money Supply Up 7.5% in August 2026
At the end of August 2026, the balance of broad money (M2) was RMB 356.81 trillion, up 7.5% year on year. Over the same period, the balance of narrow money (M1) was RMB 115.77 trillion, up 4.1% year on year.
At the end of August 2026, the balance of currency in circulation (M0) was RMB 14.83 trillion, up 11.2% year on year. Net cash injection in the first eight months of 2026 was RMB 736.4 billion.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is mixed for Commercial Banks, with intensity 35/100 and 45% confidence over a short term horizon.
Financials · 14.2
Commercial Banks
- Direction
- mixed
- Intensity
- 35
- Confidence
- 45%
- Horizon
- Short term
Securities Firms
- Direction
- mixed
- Intensity
- 35
- Confidence
- 40%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.