In the first half of the year, household deposits increased by 10.33 trillion yuan, why do Chinese people still prefer to save money

Jimu Journalist Leihara

Recently, the latest data released by the central bank showed that in the first half of this year, RMB deposits increased by 1.882 trillion yuan, an increase of 4.77 trillion yuan year -on -year. Among them, residents' deposits increased by 1.033 trillion yuan, an increase of 2.88 trillion yuan over 7.45 trillion yuan in the same period last year, which means that in the first half of the year, the average of about 57.1 billion deposits per day rushed to the bank.

The central bank's second quarter of 2022 urban storage household questionnaire survey reports also show that "more savings" residents accounted for 58.3%, an increase of 3.6 percentage points from the previous quarter.

At the moment when the deposit interest rate continues to decline, why does not rise in deposits of residents? "This year's deposit increased significantly, mainly due to the repeated epidemic in the second quarter of the new crown pneumonia in my country, the residents' preference for liquidity increased, and at the same time, the volatility of the capital market increased, and the risk preferences of residents decreased." People's Bank of China Ruan Jianhong, the director of the reporter and director of the Investigation Statistics, said at the press conference of the National New Office held recently.

Drawing: Liu Yang

Lifting ways to promote consumption methods

"K song, bubble bar, board game script, dinner party, the previous amateur life is too rich compared to now." The 25 -year -old Xiaoye told reporters with a smile that the epidemic changed the way of socializing, and the number of times with friends went out to play. After decreased, the time of the home home has increased. Occasionally, when playing games at home, money naturally saves money. "At the beginning, I was a bit uncomfortable. Now I can save thousands of dollars every month. Looking at the money I saved a little, I also have a sense of accomplishment."

"Makeup is less, I don't go to the gym, and cook at home. Compared with the past two years, consumption is indeed less." Ms. Wang, 34, worked in an enterprise. She told reporters that she usually went to work on weekdays basically. With a mask, considering it from comfort, I simply do not make up, which reduces part of the daily makeup expenditure. "In the past, I had to get a card when I went to the gym. I also spent a lot of money every year. Now it is basically 'cloud fitness'. I move at home and can exercise the body." It has developed the habit of cooking at home. Compared with eating outside for a long time, it is safe and healthy to save money.

Mr. Ke, 42, told reporters that he would take a sum of money to travel with his family every year, but after the epidemic, the family would no longer travel out because of safety and want to travel. The expense naturally saved. "I used to spend tens of thousands of dollars every year to travel. Now this money is saved, and there are no other replaceable expenditures. I simply deposit the money."

Data from the National Bureau of Statistics show that from January to May of this year, the total retail sales of social consumer goods was 171.689 billion yuan, a year-on-year decrease of 1.5%. Among them, April this year fell 11.1%year -on -year and 6.7%year -on -year in May. Residents' spending on clothing, daily necessities, education, culture and other aspects are declining, of which expenditures in education, culture, and entertainment have decreased most obvious.

In the post -epidemic era, lifestyle and various objective conditions, the restrictions on various objective conditions have affected the consumption methods of residents to a certain extent. The way to spend less money has become less, and some money will naturally save it. Then, during the interview, the reporter found that, in addition to the people who reduced expenses due to their lifestyle, considering the economic situation, actively reduced expenses, and there were not a few residents who deposited money.

Reinstate sources of revenue

"I can't hold it anymore, I can only choose to close the store." Xiao Hu, an entrepreneur who runs a script killing shop near Han Street, is 28 years old. There are more income than each month. If you can't get out, you can only close the store. "Xiaohu said that now he is mainly engaged in the live broadcast industry. He always liked to buy and buy. Just save it, you should never buy it, you dare not spend money anymore.

"I used to consider how to make money, and now how to save money." Mr. Han, who works in a company, told reporters that the employment situation is not optimistic, and many companies have reduced employment. A stable job is not easy to come. Essence "I am the pillar of the family at home.

Talking about the reason why residents' deposits have increased significantly and their willingness to savings, Dong Ximiao, chief researcher at Zhailian Financial, pointed out that from the perspective of short -term factors, it is mainly the impact of the epidemic of new crown pneumonia. Since March of this year, my country's epidemic has continued to distribute more. It is difficult for some companies to produce and operate normally. Instant stability and uncertain factors have increased, leading to rising prevention of preventive savings in residents. At the same time, as the young and middle -aged group of consumer army, facing the pressure of "old, lower and small", residents 'uncertainty expectations for future income and expenditure expectations have increased significantly, which has significantly increased residents' awareness and willingness to save. In addition, with the increase in regulation of the real estate market, the willingness to consumption of residential housing continues to be small, reducing housing consumption expenditure, and partly converted to residential deposits.

Recently, Ruan Jianhong, a spokesman for the People's Bank of China, also analyzed this phenomenon at the New National Office of the National Office. Ruan Jianhong pointed out that in the second quarter, the DPRK's scholars' questionnaire survey showed that 58.3%of the residents tending to "savings", which increased by 3.6 percentage points from the previous quarter. Last quarter decreased by 3.7 percentage points. The marginal increase in the willingness of residents 'savings and deposits, and the marginal decline of investment willingness was mainly due to the repeated new crown pneumonia epidemic in the second quarter, and the residents' preference for liquidity increased. At the same time, the volatility of the capital market has increased, and the risk preferences of residents have decreased. It is expected that with the gradual alleviating of the epidemic, residents' willingness to invest will gradually recover, and the willingness to consume will steadily return. Savings of volatility in the capital market

"In the past six months, my fund has lost a lot, not to mention the stocks. The fluctuations are too ruthless, and retail investors are losing money." Ms. Huang, who lives in Wuchang District, told reporters that in addition to the fund and stocks, even the stable bank financial management The income is constantly declining or even losing money. "Now it still seems to have stabilized the bank's bank. Although the interest rate has decreased, it will at least not lose money." Ms. Huang said that she has used some of her funds to purchase large deposits in the bank.

The reporter learned that there are not a few investors like Ms. Huang. This is why the recent large -scale bank deposit orders are "difficult to find" and they need to make an appointment for buying. In the past six months, the unstable investment income and increased risks have also increased to a certain extent. The results of the second quarter of urban storage households recently announced by the central bank showed that the residents tended to "more investment" accounted for 17.9%, a decrease of 3.7 percentage points from the previous quarter. In the first quarter questionnaire survey, residents who tended to "more investment" accounted for 21.6%, a decrease of 1.9 percentage points from the previous quarter.

"The house can't be sold, the impulse and passion of buying a house is gone, and the risk of stock trading is also increasing. So after not hoarding houses or stocks, funds naturally enter the savings channel." Dong Dengxin said in an interview with Jiyu Journalists, "Strictly speaking, the channels for investing in residents in my country and family wealth management are still relatively single. To a certain extent, it can be called 'asset shortage' or 'financial management shortage'. Many investors have money but have no suitable products to buy. "

Expert: Innovation of financial product research and development needs innovation

Is it good for residential deposits to continue to increase? Facing the situation of decline in consumption willingness and insufficient investment in residents, Dong Dengxin said that financial institutions should continue to innovate in the research and development of financial products, transform short -fried funds for family financial management into long -term funds into the capital market to better serve the real economy.

"Our family wealth management is undergoing the stage of transformation and upgrading. In the past, the family wealth management model of short -stir -fry and making fast money was no longer adapted." Dong Dengxin pointed out that in the past, a single hoarding and stocks were high -risk. From the perspective of family financial management, More reasonable is decentralized investment and long -term investment. Therefore, financial institutions need to continue to innovate in the research and development of financial products and provide more equity products. More importantly, it is necessary to work on personal pension products and use personal pension products to lock the family's long -term wealth.

"At present, the transformation and upgrading of home wealth management is a wind outlet of financial institutions, and it is also a very important historical opportunity. The key is to see whether the newly developed financial products can better meet the long -term investment and value investment needs of family financial management, especially in order to use it to use it In the new investment model of the whole life cycle with the goal of pension. "Dong Dengxin further pointed out that the products developed by financial institutions can transform the short -fried funds of family wealth management into long -term funds, become equity assets into the capital market, and become the capital market, becoming the capital market The most important source of long -term funds to better serve the real economy.

"Either to expand the consumption of residents, or to improve the investment confidence of the residents, both of them have very important significance for the real economy." Dong Dengxin said Good support. Investment wealth management products, asset management products, and personal pension products will bring multiplication effects.

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