8月金融数据：前八月存款增20.5万亿，居民存款搬家

Core Insights - In August, the People's Bank of China reported an increase of 20.5 trillion yuan in RMB deposits for the first eight months of the year [1] - Non-bank deposits remain a major support in the M2 category, while household deposits are significantly below seasonal levels, possibly due to rising equity markets prompting a shift in household savings [1] Summary by Category Deposit Trends - Non-bank deposits increased by 1.2 trillion yuan in August, which is 550 billion yuan more than the same period in 2024, continuing a high growth trend since July [1] - Household deposits saw a net increase of only 110 billion yuan in August, which is 600 billion yuan less than the same month last year [1] Market Dynamics - 2023 is characterized as a "big year" for time deposits, with a current peak in the maturity of these deposits, suggesting a potential shift of household savings into more liquid forms such as securities due to favorable equity market sentiment [1]