At the end of February 2025, the broad money supply in RMB (M2) increased by 7%, while the narrow money supply (M1) increased by 0.1%.
At the end of February 2025, the broad money supply (M2) stood at 320.52 trillion yuan, marking a year-on-year increase of 7%. The narrow money supply (M1) reached 109.44 trillion yuan, rising by 0.1% year-on-year. The currency in circulation (M0) totaled 13.28 trillion yuan, growing by 9.7% year-on-year. During the first two months, net cash issuance amounted to 456.2 billion yuan.