Deposits rose by 600bn yuan less YoY in August, likely as long-term deposits matured and funds shifted into the stock market.
Non-bank deposits surge: Up ¥1.18tn in August, ¥550bn more YoY — suggesting household money moved into brokerage margin accounts and equity mutual funds.
Wealth management products grew only slightly (¥150bn less than a year ago), reinforcing the idea that flows went mainly into equities.
2.65m new A-share accounts opened in August (+35% MoM), a further sign of household savings rotating into equities amid active markets and policy tailwinds:
Average daily A-share turnover hit ¥2.25tn, surpassing peaks of Sept 2024 and June 2015. This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about china household savings rotating into equities amid active markets and policy tailwinds was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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