The M1-M2 scissors difference further narrowed in August, indicating increased fund activity.

Jin10 data, September 12 - Financial data released by the Central Bank shows that at the end of August, the balance of Narrow Money supply M1 was 111.23 trillion yuan, a year-on-year rise of 6%, accelerating by 0.4 percentage points compared to the previous month. The rise in M1 growth has led to a continued narrowing of the M1-M2 scissors difference, which stood at -2.8% at the end of August, further narrowing from the previous month, marking the lowest value since June 2021. Market analysts believe that since the beginning of this year, the M1-M2 scissors difference has significantly converged, with more funds being converted into demand deposits, which is beneficial for consumption, investment, and other economic activities.