B

Second, the latest situation of M2.

According to the data released by the Bank of China on June 5438+1October 15, in June 5438+February, China added RMB loans of 482.5 billion yuan, with an expected value of 570 billion yuan and a previous value of 624.6 billion yuan. In February, China's M2 money supply increased by 13.6%, expected by 13.9% and previous by 14.2%. In 20 13, China increased RMB loans by 8.89 trillion yuan, an increase of 687.9 billion yuan over the same period of last year. China's money supply M 1 year increased by 9.3%, expected to increase by 9.0%, and the previous value increased by 9.4%; From June 5438 to February, the annual rate of money supply M0 increased by 7. 1%, with an expected increase of 8.0%, and the previous value increased by 7.7%.

In the fourth quarter, the balance of China's foreign exchange reserves was 3.82 trillion US dollars, and the previous value was revised from 3.66 trillion US dollars to 3.6627 trillion US dollars; The scale of social financing in China was 20 17.29 trillion yuan, an increase of10.53 trillion yuan over the previous year.

The Bank of China said that it would not tighten or relax its monetary policy, and the M2 and loan data in 20 13 basically met the regulatory requirements, and it would maintain a prudent monetary policy in 20 14.

At the end of 20 13, the national broad money (M2) balance 1 10.65 trillion yuan, up13.6% year-on-year; The balance of narrow money (M 1) was 33.73 trillion yuan, a year-on-year increase of 9.3%; The balance of money in circulation (M0) was 5.86 trillion yuan, up 7. 1% year-on-year. The annual net cash investment was 389.9 billion yuan.

Sheng Songcheng, director of the investigation and statistics department of the central bank, said, "To measure whether the currency is overshot depends on prices, GDP and employment. As long as the price has not risen sharply, it can't be said that the currency is overshooted. In the process of China's economic development, we have achieved relatively high growth and low inflation. " . Yesterday, I asked, "Is China currency oversold?" . Monetary policy is essentially to find a balance between CPI, economic growth and employment. Whether the exchange rate is overshooted depends on GDP, employment and prices. As long as the price does not rise sharply, the currency will not be oversold. "In recent ten years, China's price increase has averaged 2%-3%, while China's economic growth has been close to 9%-10 in recent years. You could say that.

In 20 13, China's new loans reached 8.89 trillion yuan, an increase of 687.9 billion yuan year-on-year, which was the second highest level after 2009, and reached a record high in four years in 20 13. From 2009 to 20 12, China's annual RMB loans increased by 9.59 trillion yuan, 7.95 trillion yuan, 7.47 trillion yuan and 8.2 trillion yuan respectively.

Sheng Songcheng said that in 20 13 years, the scale of social financing in China was 17.29 trillion yuan, the highest level in the history of the year, which was10.53 trillion yuan more than the previous year. "The scale of social financing has maintained moderate growth, and the financing structure has been further diversified. In the past year, the financial system has provided greater financial support to the real economy. "

20 14, 14 On July 5th, the central bank released the financial statistics report for the first half of 20 14. Among them, M2 balance 120.96 trillion yuan, up 14.7% year-on-year.

The People's Bank of China released the financial statistics report for 20 14 on June 5, 20 15. The data shows that the balance of broad money (M2) at the end of February was 122.84 trillion yuan, a year-on-year increase of 12.2%.

20 15 On February 3rd, the latest data released by the central bank showed that at the end of June 5438+0, the balance of broad money (M2) was 124.27 trillion yuan, up 10.8% year-on-year, and the growth rate reached a record low. However, RMB loans increased by 1.47 trillion yuan that month, exceeding market expectations.

According to the data of the central bank, at the end of 1, the balance of broad money (M2) was 124.27 trillion yuan, up by 10.8% year-on-year, and the growth rate was 1.4 and 2.4 percentage points lower than that at the end of last month and the same period of last year respectively. The balance of narrow money (M 1) was 34.8 1 trillion yuan, a year-on-year increase of10.6%; The balance of money in circulation (M0) was 6.30 trillion yuan, down 17.6% year-on-year. On June 5,438+10, the net cash investment was 278 1 100 million yuan.

On April 14, the central bank announced the financial statistics of the first quarter of 20 15. The data shows that at the end of March, the broad money increased by 1 1.6%, and the narrow money increased by 2.9%. In the first quarter, RMB loans increased by 3.68 trillion yuan and RMB deposits increased by 4.10.5 trillion yuan; In March, the monthly weighted average interest rate of interbank lending in the interbank market was 3.69%; At the end of March, the balance of the country's foreign exchange reserves was 3.73 trillion US dollars; RMB settlement of cross-border trade occurred in the first quarter 1.65 trillion yuan. Details are as follows:

At the end of March, the balance of broad money (M2) was 127.53 trillion yuan, a year-on-year increase of 1 1.6%, and the growth rate was 0.9 and 0.6 percentage points lower than that at the end of last month and last year, respectively. The balance of narrow money (M 1) was 33.72 trillion yuan, up 2.9% year-on-year, and the growth rate was 2.7 and 0.3 percentage points lower than that at the end of last month and last year respectively. The balance of money in circulation (M0) was 6.2 trillion yuan, a year-on-year increase of 6.2%. Net cash investment in the first quarter of 20 15169 billion yuan.

On May 3, 20 15, the official website of the central bank published the financial statistics report for April 20 15. The data shows that at the end of April, the balance of broad money (M2) was 128.08 trillion yuan, a year-on-year increase of/kloc-0.1%,and the growth rates were lower than the end of last month and the same period of last year by 1.5 and 3. 1 percentage points respectively. The balance of narrow money (M 1) was 33.64 trillion yuan, a year-on-year increase of 3.7%. The growth rate was 0.8 percentage points higher than the end of last month and 0.8 percentage points lower than the same period of last year. At the end of April, the balance of this loan was 92.24 trillion yuan, a year-on-year increase of 13.4%. At the end of the month, the balance of RMB loans was 86.6 1 trillion yuan, up 65.438+04. 1% year-on-year, and the growth rate was 0. 1 and 0.3 percentage points higher than that at the end of last month and the same period of last year respectively. In that month, RMB loans increased by 707.9 billion yuan, an increase of 654.38+085.5 billion yuan.

2065438+June 1 1, 2005, the official website, the central bank, released the financial statistics report for May. The data shows that at the end of May, the balance of broad money (M2) was 130.74 trillion yuan, a year-on-year increase of10.8%; The balance of narrow money (M 1) was 34.3 1 trillion yuan, a year-on-year increase of 4.7%; In that month, RMB loans increased by 900.8 billion yuan, while loans decreased by 200 million dollars. In that month, RMB deposits increased by 3.23 trillion yuan, while deposits decreased by 654.38+0.38 billion dollars.

On July 4, 20 15, the central bank released the financial statistics report for the first half of 20 15. At the end of June, the balance of broad money (M2) was 133.34 trillion yuan, up1/0.8% year-on-year. In the first half of the year, RMB loans increased by 6.56 trillion yuan, an increase of 537 1 billion yuan.

2015438+065438+10/2, financial statistics released by the central bank10. At the end of 10, the balance of broad money (M2) 136. 10 billion yuan, an increase of 65,438+. The balance of narrow money (M 1) was 37.58 trillion yuan, up by 14.0% year-on-year, and the growth rate was 2.6 and 10.8 percentage points higher than the end of last month and the same period of last year, respectively. The balance of money in circulation (M0) was 5.99 trillion yuan, a year-on-year increase of 3.8%.

This is 57 months since 2011. For the first time, the year-on-year growth rate of M 1 exceeded the scissors difference between M2 and M 1, which was reversed. Theoretically, the year-on-year growth rate of M 1 is higher than that of M2, which means that the higher the demand tendency of money supply deposits, the higher the economic vitality.

201512 1 1, financial data released by China people's bank1/. 1 1 At the end of the year, the balance of broad money (M2) was 137.40 trillion yuan, a year-on-year increase of 13.7%. The growth rate was 0.2 and 1.4 percentage points higher than the end of last month and the same period of last year, respectively, setting a new high in the past year and a half.

On February 6, 2065438, the People's Bank of China released the financial data of June 16. At the end of June, 14 1.63 trillion yuan, up 14.0% year-on-year, and the growth rate was 0.7 and 3.7 percentage points higher than that at the end of last month and the same period of last year respectively. The balance of narrow money M 1 was 4 1.27 trillion yuan, and the growth rate once again broke through to 18.6%, which was 3.4 and 8. 1 percentage points higher than the end of last month and the same period of last year respectively. In June 65438+ 10, the growth difference between M 1 and M2 reached the highest value since 20 1 1.

20 16 On February 29th, the National Bureau of Statistics released the statistical bulletin of national economic and social development for 20 15. The data shows that the balance of broad money supply (M2) at the end of the year was 20 139.2 trillion yuan, an increase of13.3% over the end of the previous year. The balance of narrow money supply (M 1) was 40. 1 trillion yuan, an increase of15.2%; The balance of money in circulation (M0) was 6.3 trillion yuan, up by 4.9%.

3. What does 3.M2 mean in China?

M2 refers to the cash circulating outside the banking system plus corporate deposits, residents' savings deposits and other deposits. It includes all forms of currency that may become real purchasing power, and usually reflects the change of total social demand and the pressure of future inflation.

People generally divide the money supply into different levels to measure, analyze and regulate according to the size of liquidity. In practice, countries have different definitions of M0, M 1 and M2, but they are all classified according to liquidity. M0 has the strongest liquidity, followed by M 1, and M2 has the worst liquidity.

In these three levels, M0 is closely related to consumption changes and is the most active currency. M 1 reflects the change of the capital shortage of residents and enterprises, and is the leading indicator of economic cycle fluctuation, and its liquidity is second only to M0. M2' s liquidity is weak, but it reflects the change of future social total demand and the pressure of inflation. Money supply usually refers to M2.

In China, the classification of currency is: M0= cash in circulation. Narrow money (M 1)=M0 demand deposits (unit demand deposits, group deposits, rural deposits and credit card deposits held by individuals). Broad money (M2)=M 1 savings deposits, corporate deposits, time deposits, trust deposits and other deposits of urban and rural residents.

4. Where will m2 grow in 2022?

Financial statistics report for the first half of 2022: M2 increased 1 1.4% year-on-year.

Zhongyuan news network

2022-07-118:11official account of Zhongyuan Business Daily.

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People's Daily Online, Beijing, July 1 1 (Reporter Luo) According to the financial statistics report for the first half of 2022 released by the People's Bank of China today, the balance of broad money (M2) at the end of June was 258 15 trillion yuan, a year-on-year increase of10/.4%. In addition, RMB loans increased by 654.38+03.68 trillion yuan in the first half of the year, an increase of 965.438+092 billion yuan year-on-year. Broad money increased by 1 1.4%, while narrow money increased by 5.8%.

At the end of June, the balance of broad money (M2) was 2581500 million yuan, up by 1 1.4% year-on-year, and the growth rate was 0.3 and 2.8 percentage points higher than that at the end of last month and the same period of last year respectively. The balance of narrow money (M 1) was 67.44 trillion yuan, up 5.8% year-on-year, and the growth rate was 1.2 and 0.3 percentage points higher than the end of last month and the same period of last year, respectively. The balance of money in circulation (M0) was 9.6 trillion yuan, up by 13.8% year-on-year. In the first half of the year, the net cash investment was 5 186 billion yuan.

In the first half of the year, RMB loans increased by 13.68 trillion yuan, while loans decreased by $20 1 billion.

At the end of June, the loan balance was 265,438+02.34 trillion yuan, up 65,438+00.8% year-on-year. The balance of RMB loans at the end of the month was 206.35 trillion yuan, up 65,438+065,438+0.2% year-on-year. The growth rate was 0.2 percentage points higher than that at the end of last month and 1 percentage point lower than that at the same period of last year.

In the first half of the year, RMB loans increased by 13.68 trillion yuan, an increase of 919.2 billion yuan. By sector, household loans increased by 210.8 trillion yuan, of which short-term loans increased by 620.9 billion yuan and medium-and long-term loans increased by10.56 trillion yuan; Enterprise (institution) loans increased by 1 1.4 trillion yuan, of which short-term loans increased by 2.99 trillion yuan, medium-and long-term loans increased by 6.22 trillion yuan, and bill financing increased by 2. 1 1 trillion yuan; Loans from non-banking financial institutions increased by/kloc-0.03 billion yuan. In June, RMB loans increased by 28 1 trillion yuan, an increase of 686.7 billion yuan.

At the end of June, the loan balance was US$ 892.6 billion, down 5.8% year-on-year. In the first half of the year, loans decreased by $206,543.8 billion, with a year-on-year decrease of 1003 billion. In June, loans decreased by 173 billion USD, a year-on-year decrease of 27.5 billion USD.

In the first half of the year, RMB deposits increased by 18.82 trillion yuan, while deposits decreased by 103 billion US dollars.

At the end of June, the balance of the deposit was 257.68 trillion yuan, a year-on-year increase of 65,438+00.5%. At the end of the month, the balance of RMB deposits was 25 1.05 trillion yuan, up by 10.8% year-on-year, and the growth rate was 0.3 and 1.6 percentage points higher than that at the end of last month and the same period of last year respectively.

In the first half of the year, RMB deposits increased by 18.82 trillion yuan, an increase of 4.77 trillion yuan over the same period of last year. Among them, household deposits increased by 10.33 trillion yuan, non-financial enterprise deposits increased by 5.3 trillion yuan, fiscal deposits increased by 506 1 billion yuan, and non-bank financial institutions increased by 95,654.38+0.3 billion yuan. In June, RMB deposits increased by 4.83 trillion yuan, an increase of 974 1 billion yuan year-on-year.

At the end of June, the balance of deposits was US$ 986.7 billion, down 3.2% year-on-year. In the first half of the year, deposits decreased by $654.38+003 billion, a year-on-year decrease of $654.38+040 billion. In June, deposits increased by $2.2 billion, a year-on-year decrease of $2.9 billion.

The balance of China's foreign exchange reserves is US$ 3.07 trillion.

At the end of June, the balance of China's foreign exchange reserves was $3.07 trillion. At the end of June, the RMB exchange rate was 1 USD to 6.7 1 14 RMB.