居民存款终于离开了银行，但没去消费、没有购房，甚至没流入实体

Core Insights - The article discusses the paradox of rising household savings in China alongside declining demand for loans and housing, creating significant pressure on banks [1][3][4] Group 1: Deposit Trends - Household deposits increased by 11.28 trillion yuan in the first ten months of the year, but there was a sharp decline of 570 billion yuan in October alone, indicating a puzzling outflow of funds [3][4] - Despite the drop in deposit rates to historical lows, the outflow of funds has not significantly boosted consumer spending or real estate transactions [3][4][6] Group 2: Consumer Market and Real Estate - The consumer market remains sluggish, with no explosive growth in demand for sectors like automobiles and luxury goods, suggesting that the outflow of deposits has not translated into increased consumer spending [4][6] - The real estate market continues to see falling prices with no clear signs of recovery, leading to a lack of investment from household savings into property [6][12] Group 3: Investment Shifts - Many savers are turning to higher-yield financial products, with bank wealth management products offering expected returns of 2.92% compared to a mere 1.65% for one-year fixed deposits, indicating a shift towards more rational investment strategies [9][12] - The A-share market has seen a significant rise, with indices climbing from 2,700 to 3,400 points, attracting substantial capital inflows from households seeking better returns [11][13] Group 4: Mortgage Prepayment Trends - A trend of early mortgage repayment is emerging, as borrowers seek to refinance at lower rates, contributing to the outflow of household deposits from banks [12]