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China
United States
Germany
Switzerland
Japan
United Kingdom
Australia
Eurozone
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China Hong Kong
Industry index
China Money Supply
month Currency and quasi money (M2) Currency (M1) Cash in circulation (M0)
Quantity
                            (100 million yuan)
Year on year
                            increase
Ring ratio
                            increase
Quantity
                            (100 million yuan)
Year on year
                            increase
Ring ratio
                            increase
Quantity
                            (100 million yuan)
Year on year
                            increase
Ring ratio
                            increase
                        December 2018                         1826744.22                         8.10%                         0.75%                         551685.91                         1.50%                         1.51%                         73208.40                         3.60%                         3.75%
                        November 2018                         1813175.07                         8.00%                         0.98%                         543498.66                         1.50%                         0.62%                         70563.30                         2.80%                         0.65%
                        October 2018                         1795561.60                         8.00%                         -0.34%                         540128.37                         2.70%                         0.29%                         70106.62                         2.80%                         -1.61%
                        September 2018                         1801665.58                         8.30%                         0.73%                         538574.08                         4.00%                         0.05%                         71254.26                         2.20%                         2.12%
                        August 2018                         1788670.43                         8.20%                         0.70%                         538324.64                         3.90%                         0.32%                         69,775.39                         3.30%                         0.35%
                        July 2018                         1776196.11                         8.50%                         0.34%                         536624.29                         5.10%                         -1.35%                         69530.59                         3.60%                         -0.08%
                        June 2018                         1770178.37                         8.00%                         1.56%                         543944.71                         6.60%                         3.36%                         69,589.33                         3.90%                         -0.27%
                        May 2018                         1743063.79                         8.30%                         0.31%                         526276.72                         6.00%                         0.16%                         69774.81                         3.60%                         -2.38%
                        April 2018                         1737683.73                         8.30%                         -0.13%                         525447.77                         7.20%                         0.36%                         71476.46                         4.50%                         -1.67%
                        March 2018                         1739859.48                         8.20%                         0.62%                         523540.07                         7.10%                         1.26%                         72,692.63                         6.00%                         -10.72%
                        February 2018                         1729070.12                         8.80%                         0.48%                         517035.99                         8.50%                         -4.82%                         81424.24                         13.50%                         9.09%
                        January 2018                         1720814.46                         8.60%                         1.81%                         543247.13                         15.00%                         -0.10%                         74,636.29                         -13.80%                         5.65%
                        December 2017                         1690235.31                         8.07%                         0.66%                         543790.15                         11.80%                         1.54%                         70645.60                         3.40%                         2.95%
                        November 2017                         1679156.64                         9.11%                         1.00%                         535565.05                         12.70%                         1.82%                         68623.16                         5.70%                         0.58%
                        October 2017                         1662449.96                         8.88%                         -0.07%                         525977.19                         13.00%                         1.57%                         68230.69                         6.30%                         -2.18%
                        September 2017                         1663666.05                         8.98%                         0.65%                         517863.04                         14.00%                         -0.05%                         69,748.54                         7.20%                         3.25%
                        August 2017                         1652947.30                         8.56%                         1.01%                         518113.93                         14.00%                         1.49%                         67550.99                         6.50%                         0.63%
                        July 2017                         1636341.11                         8.89%                         -0.19%                         510484.58                         15.30%                         0.05%                         67129.04                         6.10%                         0.23%
                        June 2017                         1639497.05                         9.10%                         1.85%                         510228.17                         15.00%                         2.79%                         66977.68                         6.60%                         -0.53%
                        May 2017                         1609740.77                         9.13%                         0.36%                         496389.78                         17.00%                         1.27%                         67333.21                         7.30%                         -1.55%
Relevant information
definition
It refers to the currency stock of a country's service for social and economic operations in a certain period of time. It consists of two parts: the deposit currency and the cash currency supplied by financial institutions including the central bank. The central bank's currency estimates are not exactly the same, but the basic basis for the division is consistent, that is, the size of liquidity.
                    M0: cash in circulation;
                    M1: M0+ corporate demand deposit + agency group army deposit + rural deposit + personal credit card deposit;
                    M2: M1+ urban and rural residents' savings deposits + corporate deposits with regular deposits + foreign currency deposits + trust deposits;
                    M3: M2+ financial bonds + commercial papers + large transferable certificates of deposit, etc.
importance
Gao: The central bank's regulation mechanism for money supply, also known as the central bank's financial macro-control mechanism, refers to various monetary policy instruments that the central bank has mastered to control money supply and other macro-financial variables, and through monetary policy tools. Acting on the monetary policy intermediary indicators, and then through the monetary policy intermediary indicators to achieve its policy objectives and a complete system of various tasks.
Data Sources
People's Bank of China