AI Data Insight
As of the third quarter of 2026, the deposit balance of China's financial institutions reached 349.45 trillion RMB, continuing to grow from the previous value of 347.67 trillion RMB. The latest data shows that excess savings in the household sector are still accumulating, while M2 grew by 7.2% year-on-year, falling short of expectations. This reflects weak recovery momentum in the real economy, and the market generally expects the PBOC to face further pressure to cut interest rates next year.