Core Viewpoint - The article discusses the high growth rate of M2, which increased by 9.0% year-on-year in January, indicating a rise compared to the previous month [1] Group 1 - M2's growth in January is influenced by a base effect, as the new M2 added approximately 5 trillion yuan in January 2025, which is considered a low base compared to recent years [1] - The positive performance of the capital market at the beginning of the year also contributes to the increase in M2 [1] - As the base effect diminishes, M2's growth is expected to stabilize [1]