The central bank: Broad money (M2) balance reached 34.922 trillion yuan at the end of February, a year-on-year increase of 9%.

On March 13th, the People's Bank of China released the financial statistics report for February 2026. According to preliminary statistics, in the first two months of 2026, the cumulative increment of social financing reached 9.6 trillion yuan, an increase of 316.2 billion yuan compared to the same period last year. By the end of February, broad money supply (M2) stood at 349.22 trillion yuan, a year-on-year increase of 9%. Narrow money supply (M1) was 115.93 trillion yuan, up 5.9% year-on-year. Currency in circulation (M0) was 15.14 trillion yuan, showing a 14.1% year-on-year increase. Cash net injection in the first two months was 1.05 trillion yuan. The report also mentioned that by the end of February, the total social financing was 451.4 trillion yuan, showing an 8.2% year-on-year growth. The report detailed the balance of loans to the real economy, trust loans, corporate bonds, government bonds, and stocks. The increase in social financing increment in the first two months of 2026 was 9.6 trillion yuan, with an additional 3.162 trillion yuan compared to the same period the previous year. The report also highlighted the growth in money supply, deposits, and loans, as well as average interest rates in the interbank RMB market and cross-border RMB settlements.