Recently, the data on the decline in residents' deposits has attracted widespread attention in the market. According to the latest data released by the People's Bank of China, RMB deposits fell by 460.9 billion yuan in April, of which household deposits fell by 12 trillion yuan. This phenomenon has sparked discussions on the changes in residents' wealth allocation and the impact of the wealth management market.
According to Wang Qing, chief macro analyst of Oriental Jincheng, as the assessment time at the end of the quarter has passed, residents' deposits may be transferred to wealth management products, resulting in a decrease in household deposits. At the same time, the rebound in the scale of wealth management has further supported this possibility.
In addition, CITIC ** Chief Economist Ming Ming pointed out that the decline in residents' deposits is related to factors such as the decrease in residents' willingness to save, the rebound of risk appetite, the increase in consumption and the decline in deposit interest rates. This decline is seasonal, but this year's magnitude is significantly higher than last year's.
Experts generally believe that with the improvement of the economy, residents' consumption expenditure will further increase, and the bank wealth management market will gradually recover. The scale of deposits is expected to remain stable, and the growth rate will gradually fall back to normal levels.
Du Yang, a postdoctoral fellow at the Bank of China Research Institute, said that with the further recovery of the economy and the recovery of residents' consumer demand, deposits will gradually decrease, which will help accelerate the recovery of the economy. At the same time, banks and wealth management subsidiaries will enhance their investment and research capabilities to meet the diversified investment needs of residents.
Combined with the macroeconomic situation and changes in the capital market, residents should further enhance their awareness of wealth planning and risk perception, choose reasonable and prudent investment methods, and continuously optimize the financial asset allocation structure through diversified investment, so as to achieve the basic matching of risks and returns.