Core Viewpoint - The significant increase in resident deposits in China, reaching 10.33 trillion yuan in the first half of the year, raises questions about the continued preference for traditional savings methods like time deposits despite the availability of various investment options [1]. Group 1: Safety and Stability - Time deposits offer unparalleled safety, providing stable interest income compared to the high risks associated with stock markets and funds, making them a preferred choice for conservative investors [3]. - The stability of time deposits becomes particularly appealing in the context of market volatility and uncertain returns from other investment avenues [3]. Group 2: Necessity of Savings - The necessity for savings has become more pronounced following the pandemic and economic challenges, with many individuals viewing deposits as a buffer against unexpected events such as illness or job loss [5]. - Residents are also saving for significant future expenses, such as home purchases or renovations, with time deposits serving as an effective means to achieve these financial goals [5]. Group 3: Accessibility and Habit Formation - Time deposits have a relatively low entry threshold, making savings more accessible compared to other investment products, which often require higher minimum investments [7]. - This low barrier encourages even small, regular savings to accumulate interest, promoting a culture of saving among individuals [7]. - Additionally, time deposits can help younger generations develop better saving habits by controlling spending and encouraging disciplined financial management [9]. Group 4: Conclusion - Despite the evolution of financial products, time deposits remain favored due to their high safety, low entry requirements, and ability to foster good saving habits, contributing to the substantial growth in resident deposits observed in the first half of the year [9].