中信证券：黄金投资热度攀升 银行储蓄吸引力下降

Core Insights - The proportion of surveyed residents holding A-shares in September increased to 46.0%, up by 3.8 percentage points month-on-month, indicating a slight rise in interest in A-shares [1] - The A-share investment interest index decreased to 7.2%, down by 2.0 percentage points month-on-month, and is 5.6 percentage points lower compared to September 2024, suggesting a trend where more residents plan to maintain their current positions rather than increase their investments [1] - Interest in gold as the best investment choice for the next 12 months is growing, with 37.8% of respondents showing interest, an increase of 7.2 percentage points, coinciding with a 9.5% rise in gold prices in September [1] - Preferences for bank savings and A-shares have declined, with bank savings at 16.4% (down 3.0 percentage points) and A-shares at 16.2% (down 1.4 percentage points) [1] - The proportion of residents prioritizing consumption in the next six months decreased by 2.1 percentage points, while those considering investment increased by 1.7 percentage points, and those considering savings rose by 0.4 percentage points [1] - The percentage of residents prioritizing savings has remained stable over the past 11 months, fluctuating between 67% and 71%, without any significant turning point [1]