AI Data Insight
In May 2026, the deposit balance of Chinese financial institutions reached 3,444,500 hundred million RMB, bucking the trend with a massive increase of 1.77 trillion from the previous month and achieving a year-on-year growth rate of 8.7%. Household deposits and non-bank financial institution deposits contributed the most, highlighting the continuous return of funds to the banking system. Against the backdrop of lower-than-expected new loans, the massive deposits reflect strong safe-haven sentiment in the market and hidden concerns of a liquidity trap.