China's M2 money supply increased by 8% year-on-year in November, reaching 336.99 trillion yuan, according to the People's Bank of China. The M1 money supply grew at an annualized rate of 4.9%. Total social financing at the end of November stood at 440.07 trillion yuan, marking an 8.5% increase from the previous year. Government bonds outstanding amounted to 94.24 trillion yuan, up 18.8% year-on-year, while RMB loans totaled 267.42 trillion yuan, a 6.3% rise. In the first eleven months, social financing increased by 33.39 trillion yuan, 3.99 trillion yuan more than the same period last year, with government bond net financing reaching 13.15 trillion yuan.