Central Bank Mulls New Money Supply Measure

The People's Bank of China has introduced new measures designed to improve statistical tracking of the nation's money supply by including funds flowing through a wider variety of financial channels.

Central bank officials say the changes are designed to expand the definition and use of M2, the broadest measure of the nation's money supply, to include the nation's so-called "total society financing" streams, from equities to trusts to insurance claim compensation.