最新金融数据看“钱袋子”：去年人均存款11.8万，居民多存少贷，超七成存定期

Group 1 - The core point of the article highlights significant trends in China's financial landscape as reported by the People's Bank of China, including a doubling of per capita deposits over the past decade, reaching 118,000 yuan by the end of last year [1][2][21] - Total household deposits in China reached 166 trillion yuan by the end of last year, marking a historical high and reflecting a notable acceleration in wealth accumulation [2][21] - The actual per capita deposit figure may be underestimated due to a shift of funds from traditional savings to wealth management products, which are not fully captured in household deposit statistics [3][22] Group 2 - Households are exhibiting a "save more, borrow less" behavior, with new loan additions dropping to 4,417 billion yuan, the lowest level since 2007, indicating a return to loan levels seen 20 years ago [6][25] - In contrast, household deposits increased by 14.6 trillion yuan, demonstrating a strong saving inclination and a conservative approach to financial risk [8][27] Group 3 - The structure of household deposits is changing, with the proportion of fixed-term deposits rising to a record high of 73.4%, indicating a shift towards longer-term savings strategies [9][28] - This shift reflects a cautious public sentiment, as individuals prefer to lock in higher interest rates through long-term deposits rather than maintaining liquidity for immediate spending [11][30] Group 4 - The phenomenon of "deposit migration" is evident, with non-bank deposits increasing by 6.4 trillion yuan, the highest on record, as households move funds into non-bank financial products [12][31] - This trend is driven by lower deposit rates, prompting a portion of household savings to flow into the stock market and other investment vehicles [12][33] Group 5 - Banks are increasingly front-loading credit issuance, with the first quarter of 2025 accounting for over 60% of the year's total credit, a significant shift from historical patterns [15][34] - This change is attributed to a combination of banks seeking to secure returns in a low-interest environment and weak demand for loans from households [17][36] Group 6 - For the first time, the proportion of credit in the total social financing (TSF) has fallen below 50%, with government bonds now accounting for a significant share of TSF growth, reaching 38.9% [18][37] - This shift indicates a growing reliance on government bonds as a stabilizing force in the economy, as fiscal policies aim to maintain necessary spending levels [20][39]