China's M2 money supply grew at an annualized rate of 8% in November, while M1 grew by 4.9%.

PANews reported on December 12th that, according to data from the official website of the People's Bank of China, the outstanding amount of total social financing at the end of November was 440.07 trillion yuan, a year-on-year increase of 8.5%. Among this, the outstanding amount of government bonds was 94.24 trillion yuan, a year-on-year increase of 18.8%, and the outstanding amount of RMB loans was 267.42 trillion yuan, a year-on-year increase of 6.3%. In the first eleven months, the cumulative increase in social financing was 33.39 trillion yuan, 3.99 trillion yuan more than the same period last year, with net financing of government bonds reaching 13.15 trillion yuan. The broad money supply (M2) balance was 336.99 trillion yuan, a year-on-year increase of 8%, and the annualized rate of M1 money supply was 4.9%. The outstanding amount of domestic and foreign currency loans was 274.84 trillion yuan, a year-on-year increase of 6.3%, and the outstanding amount of RMB deposits was 326.96 trillion yuan, a year-on-year increase of 7.7%.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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