Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
⚡️China's M2 money supply sets record at 242.75% of GDP - highest among major global economies
China's M2/GDP reached 242.75% in 2025, up from 232.38% in 2024. As of May 2026, M2 stood at 353.67 trillion CNY (~$51-52T), up 8.6% YoY.
In the US, this M2/GDP ratio is only around 100-110%.
This ratio is a legacy of the credit expansion program after the 2008-2009 crisis, with excess debt never fully resolved. The biggest problem is that despite liquidity easing, money still doesn't flow anywhere (including into risk assets).
Real estate, which has been the main credit absorption channel for decades, is now severely stagnant as developers deleverage or default en masse. The public has stopped spending, leading to deflationary pressures that slow nominal GDP, further stretching the M2/GDP ratio beyond its real level.
The PBOC aims to reduce M2 growth to 7.5-8% in 2026 (vs. 9-10% per year during 2021-2025), shifting to price-based regulation instead of credit injection.
All data shows that China's capital efficiency is at an all-time low. If Beijing is forced to ease capital controls to relieve internal pressure, crypto will certainly witness a massive influx of funds into risk assets (including crypto, of course).