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China's November M2 Money Supply Grows 8% YoY

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China's M2 money supply rose 8% year-on-year in November 2025, according to the People's Bank of China. Social financing stock hit 44.007 trillion yuan, up 8.5% YoY. Government bonds climbed 18.8% to 9.424 trillion yuan, while RMB loans grew 6.3% to 26.742 trillion yuan. November’s social financing added 33.39 trillion yuan, 3.99 trillion yuan more than last year. RMB deposits rose 7.7% to 32.696 trillion yuan. Authorities continue to strengthen **Countering the Financing of Terrorism** and **Anti-Money Laundering** measures amid rising liquidity.
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