终于把存款逼出银行了！2025年8月银行最新数据，存款去哪儿了？

Core Viewpoint - The significant outflow of resident deposits, amounting to 1.11 trillion yuan in July 2025, indicates a shift in investment behavior and highlights the need for policy guidance to direct funds towards the real economy to prevent asset bubbles [1][8]. Group 1: Deposit Outflow and Market Impact - The outflow of deposits has disrupted the previously high levels of bank deposits, with funds primarily flowing into the A-share market, which saw a surge in non-bank financial institution deposits by 2.14 trillion yuan in July, marking a year-on-year increase of 1.39 trillion yuan, the highest in a decade [3]. - The stock market experienced significant gains, with the Shanghai Composite Index rising by 3.74%, the Shenzhen Component Index by 5.20%, and the ChiNext Index by 8.14% in July [3]. - Trading volumes in the Shanghai and Shenzhen markets reached new highs for the year, exceeding 15.6 trillion yuan and 21.4 trillion yuan, respectively, reflecting unprecedented market enthusiasm [3]. Group 2: Fund Allocation Trends - Public funds attracted substantial investments, with the total scale of public funds reaching 34.39 trillion yuan by the end of June 2025, marking the ninth historical high since early 2024 [3]. - Bond funds saw the most significant growth, increasing by 507.8 billion yuan in June, while stock and mixed funds grew by 148.3 billion yuan and 121.3 billion yuan, respectively [3]. - Bank wealth management products also gained traction, with a market size of 30.67 trillion yuan as of June 2025, offering a 2.12% annualized return, which is significantly higher than the 0.95% return on one-year fixed deposits from major state-owned banks [4]. Group 3: Consumer Behavior and Loan Repayment - A portion of the outflowed deposits was directed towards early mortgage repayments, with personal housing loan balances decreasing by 852 billion yuan in the first seven months of 2025 [6]. - Consumer demand has rebounded, particularly in the mid-to-low-end markets such as dining, entertainment, and tourism, with domestic tourism reaching 3.08 billion trips in the first half of 2025, a year-on-year increase of 18.5% [6]. - Total tourism revenue surpassed 3.2 trillion yuan, and outbound tourism increased by over 40%, reaching 89.5 million trips, indicating a strong recovery in consumer spending [6]. Group 4: Changing Investment Preferences - The diminishing yield advantage of bank deposits is evident, with bank wealth management products and dividend stocks offering returns above 2%, compared to just 0.95% for one-year fixed deposits [9]. - Residents are diversifying their asset allocation strategies, opting for a mix of low-risk, medium-risk, and high-risk investments to balance risk and return [11].