AI Data Insight
In August 2026, the year-over-year growth rate of the deposit balance in China's financial institutions dropped to 7.5%, continuing its deceleration from 7.7% in the previous month. This indicates that overall deposit expansion momentum is cooling. Despite deposit rates being at historical lows, the scale of time deposits and wealth management products has grown against the trend, reflecting weak market credit demand and strong risk aversion. Going forward, close attention must be paid to whether the recovery of the real economy can drive funds toward risk assets.