The central bank: At the end of January, the broad money supply (M2) balance was 34.719 trillion yuan, a year-on-year increase of 9%.

On February 13th, the People's Bank of China released the financial statistics report for January 2026. Preliminary statistics show that the total social financing scale at the end of January 2026 was 449.11 trillion yuan, an increase of 8.2% year-on-year. In January 2026, the social financing scale increased by 7.22 trillion yuan, which was 166.2 billion yuan more than the same period last year. At the end of January, the broad money supply (M2) balance was 347.19 trillion yuan, an increase of 9% year-on-year. The narrow money supply (M1) balance was 117.97 trillion yuan, an increase of 4.9% year-on-year. The currency in circulation (M0) balance was 14.61 trillion yuan, an increase of 2.7% year-on-year. Cash net investment in January was 519.1 billion yuan. The report also highlighted the increase in RMB deposits and loans, as well as the average interest rates in the interbank RMB market in January 2026. The report was compiled from the official website of the People's Bank of China.