资金回流 下半年住户存款新增首超2万亿

Core Insights - The People's Bank of China reported a significant increase in RMB deposits, with a total increase of 22.71 trillion yuan in the first three quarters of 2023, and a notable rise of 2.96 trillion yuan in September alone, marking the first month this year where household deposits exceeded 2 trillion yuan [1][2] Group 1: Deposit Trends - The surge in household deposits in September is attributed to traditional bank practices at the end of the quarter, as banks typically enhance deposit marketing efforts to meet regulatory requirements [2] - Despite fluctuations in financial products' yields and stock market conditions, the overall risk appetite of residents has not significantly changed, indicating a complex relationship between deposits and investment choices [2][4] Group 2: Financial Market Dynamics - The decline in bank wealth management products, which saw a reduction of 128.47 billion yuan in September compared to August, reflects a seasonal adjustment in the financial market [2] - The phenomenon of "funds moving" between deposits and non-bank financial institutions is ongoing, with expectations that this trend will continue as the capital market remains active [4][5] Group 3: Future Outlook - The dynamic balance of funds among deposits, wealth management, and the stock market is expected to become a norm, with the potential for a slow bull market in equities [5] - Financial institutions are encouraged to innovate and enhance their service offerings to retain deposits and attract investments, particularly through financial technology [3]