Following a rapid fall in savings for two continuous months, the phenomena of Chinese residents' savings deposit "moving" to stock market suddenly stopped in June and 167.8 billion Yuan was returned to the bank. However, in the first half of this year, residents' household deposits increased by 827.1 billion Yuan, a decrease of 593.8 billion Yuan less than in the same period last year.
Recently, the People's Bank of China (PBC) published the financial statistics report for the first half of the year; and showed that in June, all categories of Renminbi deposits by financial institutions increased by 904.1 billion Yuan, an increase of 493.3 billion Yuan more than in the same period last year. Residents' household deposits increased by 167.8 billion Yuan- an increase of 13.6 billion Yuan more than in the same period last year. At the same time, the data shows that residents' loans also increased in June.
By People's Daily Online
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