万亿存款，集体“大出逃”？钱去哪了？

Group 1 - The core viewpoint of the article highlights a significant shift in household savings, with a notable decrease in bank deposits and an increase in non-bank financial institution deposits, indicating a potential reallocation of assets towards the stock market [1][9][19] Group 2 - In July, both new and second-hand housing prices continued to decline, with a 1% drop in second-hand housing prices in four first-tier cities, and a staggering 45.8% decrease in the sales area of commercial housing, marking the lowest level since 2009 [3][4] - The overall consumer spending growth has shown a slowdown, with a year-on-year increase of 4.8% from January to July, but a drop to 3.7% in July, the lowest growth rate of the year [6] Group 3 - In July, household deposits decreased by 1.1 trillion yuan, while deposits in non-bank financial institutions surged by 2.14 trillion yuan, the highest increase since 2015 [9][13] - The number of new stock accounts opened in July reached 1.9636 million, a year-on-year increase of 70.54%, indicating a growing interest in the stock market [11] Group 4 - The article suggests that the decline in household deposits and the rise in non-bank deposits may indicate a reallocation of assets towards the stock market, driven by several factors including favorable stock market conditions, policy support, low returns on other assets, and easier access to investment [16][19] - Analysts predict that the trend of "deposit migration" may continue, especially with a wave of deposits and financial products maturing in the next two years, potentially injecting new vitality into the stock market [19][21]