中信证券：预计或有5万亿元以上从存款流出 投资于“固收+”等资管产品

Core Viewpoint - The report from CITIC Securities indicates a trend of "deposit migration" in July, driven by declining deposit yields and the emergence of a "profit effect" in the capital markets [1] Group 1: Deposit Migration - There are signals of "deposit migration" as funds are moving away from traditional deposits [1] - The potential outflow of funds is estimated to exceed 5 trillion yuan, which will be redirected towards "fixed income+" and other asset management products [1] Group 2: Investment Trends - The funds are being allocated to investments in insurance, wealth management, and directly into the stock market [1] - There is an increasing emphasis on equity assets from both insurance capital and wealth management products [1]