People's Bank of China M2 Money Stock y/y reflects a change in the amount of money currently being in circulation or in existence in the country, in the given quarter compared to the same quarter of the previous year.
The M2 money stock includes cash in circulation (banknotes and coins), traveler's checks, funds on settlement and current bank accounts (including debit cards), demand deposits, other checkable deposits and savings deposits.
The growth of the M2 Money Stock value may affect the yuan depending on the behavior of other important macroeconomic and financial parameters.