AI Data Insight
The latest data shows that the year-over-year growth rate of China's outstanding deposits at financial institutions fell to 8.2% in Q2 2026, further decelerating from the previous period's 8.7%. Affected by the continuous decline in bank deposit interest rates, household deposits saw their first consecutive two-month decline in nearly 10 years, with funds shifting on a large scale toward non-bank financial institutions and wealth management products. Looking ahead, the structural shift in deposits will test banks' lending momentum, and the market is closely watching the PBOC's pace of monetary easing in the second half of the year.