PBOC: M2 increased by 10.6% YoY in August

Data from the People's Bank of China showed that at the end of August, the Broad Money Supply (M2) balance was 286.93 trillion yuan, a year-on-year increase of 10.6%. The growth rate was 0.1 and 1.6 percentage points lower than the end of last month and the same period last year respectively. The balance of Narrow Money (M1) was 67.96 trillion yuan, a year-on-year increase of 2.2%. And the growth rate was 0.1 percentage points and 3.9 percentage points lower than the end of last month and the same period last year respectively. The balance of Money in Circulation (M0) was 10.65 trillion yuan, a year-on-year increase of 9.5%. The net amount of cash invested in the month was 38.6 billion yuan.