Group 1 - The latest financial data shows that by the end of December 2025, the broad money supply (M2) reached 340.29 trillion yuan, an increase of 8.5% year-on-year, while the narrow money supply (M1) was 115.51 trillion yuan, up 3.8% year-on-year [1] - M1 represents the money that is readily available for spending, indicating an increase in consumer spending power and market activity, while M2 reflects the overall increase in money supply and liquidity in the economy [2] - The "scissor difference" between M2 and M1 has been a focal point for the market; a widening gap suggests that businesses are opting to deposit funds in banks rather than invest, indicating a decline in investment willingness amid economic pressures [3] Group 2 - The narrowing of the "scissor difference" observed since last year indicates a reduction in corporate demand for liquid deposits, suggesting increased investment activities and a positive economic outlook [3]
如何看待M2与M1增速“剪刀差”？
Sou Hu Cai Jing·2026-01-23 08:40