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CITIC Securities: Impact and Calculation of M1 Statistical Caliber Revision After Its Implementation
On December 3rd, CITIC Securities Research Report said that as of 24M10, the balance of M1 under the original rules was 63.34 trillion yuan, with a year-on-year growth rate of -6.10%; according to our calculations, if residents' demand deposits and third-party payment institutions' customer reserves are included, 24M10 "adjusted M1 balance" is 105 trillion yuan, with a year-on-year growth rate of -2.3%; "Adjusted M1 growth rate" The absolute value is always higher than the M1 growth rate under t...
2024-12-03 00:20:59
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