Central Bank: The broad currency (M2) balance of 356.81 trillion yuan at the end of August increased 7.5% year-on-year
The Zhitong Finance App learned that on September 14, data released by the central bank showed that at the end of August, the broad currency (M2) balance was 356.81 trillion yuan, an increase of 7.5% over the previous year. The balance of narrow currency (M1) was 115.77 trillion yuan, up 4.1% year on year. The balance of currency in circulation (M0) was 14.83 trillion yuan, an increase of 11.2% over the previous year. Net cash investment of 766.4 billion yuan in the first eight months.
Data show that at the end of August, the balance of local and foreign currency deposits was 355.77 trillion yuan, up 7.8% year on year. The balance of RMB deposits at the end of the month was RMB 347.67 trillion, up 7.7% year on year. RMB deposits increased by 18.99 trillion yuan in the first eight months. Among them, household deposits increased by 6.99 trillion yuan, non-financial enterprise deposits increased by 1.85 trillion yuan, fiscal deposits increased by 2.06 trillion yuan, and deposits of non-banking financial institutions increased by 6.32 trillion yuan. At the end of August, the balance of foreign currency deposits was 1.19 trillion US dollars, up 17.3% year over year. Foreign currency deposits increased by $134.2 billion in the first eight months.
Data show that at the end of August, the balance of local and foreign currency loans was 286.15 trillion yuan, up 4.8% year on year. The balance of RMB loan at the end of the month was RMB 282.35 trillion, up 4.9% year on year. RMB loans increased by 10.44 trillion yuan in the first eight months. By sector, household loans decreased by 1.03 trillion yuan, of which short-term loans decreased by 1.05 trillion yuan and medium- to long-term loans increased by 18.8 billion yuan; enterprise (business) unit loans increased by 11.26 trillion yuan, of which short-term loans increased by 4.18 trillion yuan, medium- and long-term loans increased by 5.64 trillion yuan, bill financing increased by 1.29 trillion yuan; and loans from non-banking financial institutions decreased by 438 billion yuan.
The original text is as follows:
Financial Statistics Report August 2026
1. The stock of large-scale social financing increased by 7.2% year-on-year
According to preliminary statistics, the social financing scale stock at the end of August 2026 was 464.8 trillion yuan, an increase of 7.2% over the previous year. Among them, the balance of RMB loans issued to the real economy was 278.63 trillion yuan, up 5% year on year; the balance of foreign currency loans issued to the real economy was equivalent to RMB 1.23 trillion, up 3.1% year on year; the trust loan balance was 4.58 trillion yuan, up 1.9% year on year; the balance of undiscounted bank acceptance notes was 2.01 trillion yuan, down 5.1% year on year; the balance of corporate bonds was 36.71 trillion yuan, up 9.7% year on year; government bond balance was 103.69 trillion yuan, up year on year. 13.5%; The balance of domestic stocks of non-financial enterprises was 12.67 trillion yuan, an increase of 5.7% over the previous year.
Looking at the structure, RMB loan balances issued to the real economy at the end of August accounted for 59.9% of the social financing scale stock during the same period, 1.3 percentage points lower than the previous year; foreign currency loans issued to the real economy accounted for 0.3%, the same as the previous year; the balance of entrusted loans accounted for 2.4%, 0.2 percentage points lower than the previous year; the balance of trust loans accounted for 1%, flat year on year; undiscounted bank acceptance bill balances accounted for 0.4%, 0.1 percentage points lower than year on year; corporate bond balances accounted for 7.9%, 0.2 percentage points higher than year on year; government bond balances accounted for 22.9%, up 0.2 percentage points from year on year; government bond balances accounted for 22.9%, up 0.2 percentage points year on year; government bond balances accounted for 22.9%, up 0.2 percentage points year on year; government bond balances accounted for 22.9%, up 0.2 percentage points year on year; government bond balances accounted for 22.9%, up 0.2 percentage points year on year; government bond balances accounted for 22.9%, up 0.2 percentage points year on year; government bond balances accounted for 22.9%, up 0.2 percentage points year on year; government bond balance It was 1.2 percentage points higher than the previous year; the domestic stock balance of non-financial enterprises accounted for 2.7%, 0.1 percentage points lower than the previous year.
2. The cumulative increase in the scale of social financing in the first eight months was 23.91 trillion yuan
According to preliminary statistics, the cumulative increase in the scale of social financing in the first eight months of 2026 was 23.91 trillion yuan, 2.64 trillion yuan less than the same period last year. Among them, RMB loans issued to the real economy increased by 10.23 trillion yuan, a year-on-year decrease of 2.71 trillion yuan; foreign currency loans to the real economy increased by RMB 210.3 billion, an increase of 291.9 billion yuan; entrustment loans decreased by 58.2 billion yuan, a year-on-year decrease of 27.3 billion yuan; trust loans decreased by 905 billion yuan, an increase of 284.7 billion yuan; undiscounted bank acceptance notes decreased by 140.4 billion yuan, an increase of 118.1 trillion yuan; net financing of corporate bonds was 2.79 trillion yuan, an increase of 1.23 trillion yuan over the previous year; net financing of government bonds was 8.77 trillion yuan, an increase of 1.23 trillion yuan over the previous year; net financing of government bonds was 8.77 trillion yuan, an increase of 8.77 trillion yuan over the previous year Yuan, 1.5 trillion yuan less; non-financial enterprises raised 470 billion yuan in domestic stocks, an increase of 203.1 billion yuan over the same period last year.
3. Generalized monetary growth of 7.5%
At the end of August, the broad currency (M2) balance was 356.81 trillion yuan, an increase of 7.5% over the previous year. The balance of narrow currency (M1) was 115.77 trillion yuan, up 4.1% year on year. The balance of currency in circulation (M0) was 14.83 trillion yuan, an increase of 11.2% over the previous year. Net cash investment of 766.4 billion yuan in the first eight months.
4. RMB deposits increased by RMB 18.99 trillion in the first eight months
At the end of August, the balance of local and foreign currency deposits was 355.77 trillion yuan, an increase of 7.8% over the previous year. The balance of RMB deposits at the end of the month was RMB 347.67 trillion, up 7.7% year on year.
RMB deposits increased by 18.99 trillion yuan in the first eight months. Among them, household deposits increased by 6.99 trillion yuan, non-financial enterprise deposits increased by 1.85 trillion yuan, fiscal deposits increased by 2.06 trillion yuan, and deposits of non-banking financial institutions increased by 6.32 trillion yuan.
At the end of August, the balance of foreign currency deposits was 1.19 trillion US dollars, up 17.3% year over year. Foreign currency deposits increased by $134.2 billion in the first eight months.
5. RMB loans increased by 10.44 trillion yuan in the first eight months
At the end of August, the balance of local and foreign currency loans was 286.15 trillion yuan, up 4.8% year on year. The balance of RMB loan at the end of the month was RMB 282.35 trillion, up 4.9% year on year.
RMB loans increased by 10.44 trillion yuan in the first eight months. By sector, household loans decreased by 1.03 trillion yuan, of which short-term loans decreased by 1.05 trillion yuan and medium- to long-term loans increased by 18.8 billion yuan; enterprise (business) unit loans increased by 11.26 trillion yuan, of which short-term loans increased by 4.18 trillion yuan, medium- and long-term loans increased by 5.64 trillion yuan, bill financing increased by 1.29 trillion yuan; and loans from non-banking financial institutions decreased by 438 billion yuan.
At the end of August, the balance of foreign currency loans was US$560.2 billion, up 1.5% year on year. Foreign currency loans increased by US$15.1 billion in the first eight months.
The monthly weighted average interest rate for interbank lending in the RMB market in June and August was 1.38%, and the monthly weighted average interest rate for pledged bond repurchases was 1.4%
In August, the interbank RMB market traded a total of 177.41 trillion yuan through lending, cash and repurchase methods, with an average daily turnover of 8.45 trillion yuan. The average daily turnover decreased by 12.5% over the same period last year. Among them, the average daily interbank lending transaction decreased by 24.6% year on year, the average daily cash transaction increased by 2.3% year on year, and the average daily transaction of pledged repurchase decreased by 15.1% year on year.
The weighted average interest rate for interbank lending in August was 1.38%, 0.02 percentage points lower than the previous month and 0.02 percentage points lower than the same period last year; the weighted average interest rate for pledged repurchases was 1.4%, 0.02 percentage points lower than the previous month, and 0.01 percentage points lower than the same period last year.
The cross-border RMB settlement amount under current account in July and August was 1.7 trillion yuan, and the cross-border RMB settlement amount for direct investment was 0.6 trillion yuan
In August, cross-border RMB settlement amounts under current accounts were 1.7 trillion yuan, of which trade in goods, trade in services and other current accounts were 1.33 trillion yuan and 0.37 trillion yuan respectively; direct investment was 0.6 trillion yuan, of which OFDI and foreign direct investment were 0.21 trillion yuan and 0.39 trillion yuan respectively.
This article was edited by the People's Bank of China, Zhitong Finance Editor: Chen Wenfang.