People's Bank of China: By the end of April, the broad money supply (M2) balance was 35.304 trillion yuan, a year-on-year increase of 8.6%.

On May 14th, the People's Bank of China released the financial statistics report for April 2026. At the end of April, the broad money supply (M2) balance was 353.04 trillion yuan, an increase of 8.6% year-on-year. The narrow money supply (M1) balance was 114.58 trillion yuan, a 5% increase year-on-year. The money in circulation (M0) balance was 14.75 trillion yuan, a 12.2% increase year-on-year. Cash net injection in the first four months was 653 billion yuan. Preliminary statistics show that the incremental increase in social financing scale in the first four months of 2026 was 15.45 trillion yuan, 893 billion yuan less than the same period last year. Of this, RMB loans to the real economy increased by 8.5 trillion yuan, a decrease of 1.29 trillion yuan year-on-year; foreign currency loans to the real economy increased by 103.6 billion yuan, an increase of 213.4 billion yuan year-on-year; entrusted loans decreased by 94.1 billion yuan, a decrease of 99.4 billion yuan year-on-year; trust loans increased by 3 billion yuan, a decrease of 451 billion yuan year-on-year; undiscounted bank acceptance bills increased by 51.3 billion yuan, a decrease of 199.2 billion yuan year-on-year; net financing of corporate bonds was 1.5 trillion yuan, an increase of 739.3 billion yuan year-on-year; net financing of government bonds was 4.45 trillion yuan, a decrease of 399 billion yuan year-on-year; domestic stock financing for non-financial enterprises was 200.8 billion yuan, an increase of 65.5 billion yuan year-on-year. At the end of April, the balance of domestic and foreign currency loans was 284.29 trillion yuan, a 5.5% increase year-on-year. The RMB loan balance at the end of the month was 280.5 trillion yuan, a 5.6% increase year-on-year. RMB loans increased by 8.59 trillion yuan in the first four months. Looking at different sectors, household deposits decreased by 490.2 billion yuan, among which short-term loans decreased by 610.2 billion yuan and medium and long-term loans increased by 119.9 billion yuan; loans to enterprises and institutions increased by 8.99 trillion yuan, with short-term loans increasing by 3.67 trillion yuan, medium and long-term loans increasing by 5.01 trillion yuan, and bill financing increasing by 142.9 billion yuan; non-banking financial institutions' loans decreased by 193.5 billion yuan. At the end of April, the balance of domestic and foreign currency deposits was 350.57 trillion yuan, a 9% increase year-on-year. The RMB deposit balance at the end of the month was 342.68 trillion yuan, an 8.9% increase year-on-year. In the first four months, RMB deposits increased by 14 trillion yuan. Among them, household deposits increased by 5.74 trillion yuan, non-financial enterprise deposits increased by 1.43 trillion yuan, fiscal deposits increased by 1.2 trillion yuan, and non-banking financial institutions' deposits increased by 4.5 trillion yuan. At the end of April, the balance of foreign currency deposits was 1.15 trillion US dollars, a 19.9% increase year-on-year. Foreign currency deposits increased by 89.1 billion US dollars in the first four months. The average weighted interest rate for interbank RMB lending in April was 1.29%, and the average weighted interest rate for bond repurchase agreements was 1.31%. In April, the total trading volume in the interbank RMB market through interbank lending, spot bonds, and repurchase agreements was 22.562 trillion yuan, with a daily average trading volume of 1.074 trillion yuan, an increase of 34% year-on-year. Interbank lending daily average trading volume increased by 46% year-on-year, spot bond daily average trading volume increased by 22.1% year-on-year, and repo daily average trading volume increased by 36.3% year-on-year. The weighted average interest rate for interbank lending in April was 1.29%, a decrease of 0.09 and 0.44 percentage points compared to the previous month and the same period last year, respectively. The weighted average interest rate for bond repurchase agreements was 1.31%, a decrease of 0.09 and 0.41 percentage points compared to the previous month and the same period last year, respectively. In April, the amount of cross-border RMB settlements for current account transactions was 1.77 trillion yuan, and the amount of cross-border RMB settlements for direct investment was 0.67 trillion yuan. In April, the amount of cross-border RMB settlements for current account transactions was 1.77 trillion yuan, including 1.38 trillion yuan for goods trade, 0.39 trillion yuan for service trade, and other current items. The amount of cross-border RMB settlements for direct investment was 0.67 trillion yuan, with 0.26 trillion yuan for outbound direct investment and 0.41 trillion yuan for inbound foreign direct investment.