China's Q1 2026 Social Financing Up 14.83 Trillion Yuan, M2 Grows 8.5% YoY

Published: Apr 14, 2026 13:30

Save

According to preliminary statistics from the People's Bank of China, the cumulative increase in aggregate social financing in Q1 2026 was 14.83 trillion yuan, down 354.5 billion yuan YoY. At the end of March, the broad money (M2) balance stood at 353.86 trillion yuan, up 8.5% YoY. RMB loans increased by 8.6 trillion yuan in Q1.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Analysis] Why Is High-Grade NPI Getting More Expensive — And Low-Grade Material Harder to Sell?

The Nickel Pig Iron (NPI) market looks firm on the surface — but dig one layer deeper and two very different realities emerge for high-grade and low-grade material.

1 hour ago

2 hours ago

SMM #1 Refined Nickel Price Rises, Spot Premiums Decline on April 14

On April 14, the SMM #1 refined nickel price rose by 3,900 yuan/mt from the previous trading day. In terms of spot premiums, the average for Jinchuan #1 refined nickel was 2,900 yuan/mt, down 450 yuan/mt from the previous trading day; the range for mainstream domestic electrodeposited nickel brands was -500–600 yuan/mt.

2 hours ago

China's Q1 2026 Trade Surpasses 11 Trillion Yuan, Up 15% YoY

Data released by the General Administration of Customs on April 14 showed that China's total goods trade import and export value in Q1 2026 reached 11.84 trillion yuan, exceeding 11 trillion yuan for the first time in the same period historically, with the YoY growth rate maintaining double-digit growth at 15%.

2 hours ago