AI Data Insight
China's year-on-year growth rate of outstanding deposits in financial institutions recorded 8.7% in April 2026, slightly down from the previous 8.9%. Despite the slowing growth, funds remain highly concentrated in tier-one cities and non-financial enterprises, indicating strong risk aversion among businesses and residents. In the short term, the PBOC may continue to guide deposit rates lower to prevent funds from continuing to stagnate within the financial system.