央行：1月末M2余额347.19万亿元 同比增长9%

Group 1: Social Financing and Loans - As of the end of January 2026, the total social financing scale was 449.11 trillion yuan, a year-on-year increase of 8.2% [1] - The balance of RMB loans to the real economy was 273.3 trillion yuan, growing by 6.1% year-on-year [1] - The balance of foreign currency loans to the real economy, converted to RMB, was 1.09 trillion yuan, showing a year-on-year decrease of 12.1% [1] - The increment of social financing in January 2026 was 7.22 trillion yuan, which was 166.2 billion yuan more than the same period last year [2] - RMB loans to the real economy increased by 4.9 trillion yuan in January, which was a decrease of 317.8 billion yuan compared to the previous year [2] - The net financing of corporate bonds was 503.3 billion yuan, an increase of 57.9 billion yuan year-on-year [2] Group 2: Monetary Supply - As of the end of January 2026, the broad money supply (M2) was 347.19 trillion yuan, reflecting a year-on-year growth of 9% [2] - The narrow money supply (M1) was 117.97 trillion yuan, with a year-on-year increase of 4.9% [2] - The cash in circulation (M0) was 14.61 trillion yuan, showing a year-on-year growth of 2.7% [2] - In January, a net cash injection of 519.1 billion yuan was recorded [2] Group 3: Deposits - The total balance of deposits in both domestic and foreign currencies was 344.46 trillion yuan at the end of January, marking a year-on-year increase of 10.1% [3] - The balance of RMB deposits was 336.77 trillion yuan, with a year-on-year growth of 9.9% [3] - In January, RMB deposits increased by 8.09 trillion yuan, with household deposits rising by 2.13 trillion yuan and non-financial enterprise deposits increasing by 2.61 trillion yuan [3] - The balance of foreign currency deposits was 1.1 trillion USD, reflecting a year-on-year increase of 23.7% [3] Group 4: Loan Distribution - The total balance of loans in both domestic and foreign currencies was 280.59 trillion yuan at the end of January, with a year-on-year growth of 6% [3] - The balance of RMB loans was 276.62 trillion yuan, increasing by 6.1% year-on-year [3] - In January, RMB loans increased by 4.71 trillion yuan, with household loans rising by 456.5 billion yuan [3] - The balance of foreign currency loans was 57.01 billion USD, showing a year-on-year increase of 6.6% [3]