August 11 figures from the Central Bank displayed that the new bank loans were only 355.9 billion yuan in july,residents’saving deposits dimished 19.2 billion yuan, it was the first occurrence of residents’saving deposits diminishing since october 2007,some analysts believed that a fairly large portion of them might have enter the stock markets.

355.9 billion,it is natural but beyond expectations.

After the “gush”of as high as 1.53 trillion yuan in June and the air of “dynamic fine adjustment ”of monetary policy operations by the Central Bank in a short term, the markets have had expectations to the roll back of credit supplies in july,both remain at the size of 500 billion yuan.However,the actual figure published in the article of money supply keeps rapid growth by the Central Bank on 11 was out of the market’s expectations­----the financial institutions newly added RMBloans were 355.9 billion yuan in July, down obviously in growth from every month of the last half year;The broad money supply (M2) increased by 28.42 percent in July on an annual basis by the end of July ,beating the market’s expectations.

The saving deposits “move”to the stock markets.

Figures released on 11 also revealed : by the end of July , the growth amplitude of RMB deposit accounts balance of the financial instituations dropped 0.47 percentage points comparing to the corresponding period . The household saving deposits recuced by 19.2 billion yuan from the point of various departments--- it is the first occurrence of household saving deposits deminishing ever since October in 2007 (the month end balance reduced to 24.918739 from 24.937939 trillion yuan of June).According to the statistics conducted by the central bank, deposits growth of resident sector remains at more than hundreds millions per month,increased by 466.2,580.3,117.8,187.4 and 318.4 billion yuan respectively from Febuary to June.

At present, investment awareness of the mass is enhancing , and the state is encouraging to increase the residents’property income,so it is good for the residents to invest in stock markets. In addition, the increasement of investors’protery income will draw up the consumption naturally if the stock markets keep the upward tendency ,it is favourable to the economy’s recovery.

Something will emerge like reducing of fixed deposits and increasing of current deposits, because along with the slow improvement of economy, the activities of residents’ investment or consumption will keep increasing , and the residents prefere to look for financial patterns that will maintain and increase the value on the worry to the inflation.

According to the current situations,the residents’deposit money is likely to be put in stock markets, housing markets , precious metals and so on. It is favourable to resolve the problem of higher saving deposits , and boost domestic demand , promote consumption.

Comments (0)

Subscribe to this comment's feed