China's M2, a broad measure of money supply that covers cash in circulation and all deposits, grew 9.1 percent year-on-year in November to 167 trillion yuan ($25.2 trillion), data from the People's Bank of China (PBOC), the central bank, showed on Monday.
The M2 growth in November was above market expectations of an 8.9 percent rise, Reuters reported on Monday.
The growth is also higher than the 8.8 percent growth by the end of October.
According to the Financial Research Center under the Bank of Communications, the rebounding monthly M2 growth in November is in line with expectations as an unexpected rise in financial deposits dragged down the M2 growth in October.
Chinese banks also extended 1.12 trillion yuan in new yuan-denominated loans in November, up about 328 billion yuan compared with one year earlier, the PBOC data showed.
This is well above the 800 million yuan in new loans forecast by analysts in an earlier Reuters poll, according to the Reuters report.
The PBOC data also showed that by the end of November, outstanding yuan loans grew 13.3 percent year-on-year to 119.55 trillion yuan in total.
