Financial Conditions（August 2025）

Monetary Aggregates   For the month of August 2025, the monthly growth rates of the monetary aggregates M1B and M2（measured on a daily average basis）were 1.37% and 1.24%, respectively. The annual growth rates of M1B and M2 increased to 4.45% and 4.76%, respectively. The rise in the M2 growth rate was mainly because of faster annual growth in passbook savings deposits and a smaller year-on-year decline in foreign currency deposits. For the first eight months of this year, the average annual growth rates of M1B and M2 were 2.86% and 4.24%, respectively.

Loans and Investments of Financial Institutions   At the end of August 2025, the monthly growth rate of total outstanding loans and investments（measured on a cost basis）of monetary financial institutions was 0.60%. Meanwhile, the annual growth rate slightly decreased from 6.63% at the end of the previous month to 6.60% mainly because of slower growth in bank claims on the private sector and government enterprises. If loans and investments extended by life insurance companies and loans reclassified and written off by monetary financial institutions were taken into account, the total outstanding loans and investments of financial institutions would show an annual growth rate of 6.78%, higher than the 6.66% registered at the end of the previous month.

Notes:

1. The next Financial Conditions（September 2025）is scheduled for release at 16:20 on Oct. 23, 2025.

2. For the release schedule for the coming months, please check the Advance Release Calendar.