Group 1 - The market remains unfavorable for technology stocks, with recent developments indicating a conservative funding environment [1] - In September, the new social financing amount was 3.53 trillion yuan, which was in line with expectations but did not show significant growth, indicating weak borrowing willingness from both enterprises and individuals [1] - A notable decline in non-bank deposits occurred in September, decreasing by 1.06 trillion yuan, raising concerns among investors about potential capital withdrawal after market gains [2] Group 2 - The decline in non-bank deposits, previously seen as a "bull market signal" when it surged by 4.7 trillion yuan in July, suggests a shift in market sentiment towards caution [2] - The decrease in non-bank deposits may not solely be attributed to securities accounts but could also stem from redemptions in bank wealth management, money market funds, or bond funds [2] - The contraction of this indicator, once viewed as a driving force for the bull market, is likely to exert pressure on the technology sector [2]