Category: Money Tips Date: 2007-01-03
People's Bank recently released report shows that financial operation in October, compared with nine at the end, in October yuan savings deposits declined by 7.6 billion, it was the first time since June 2001 appear decline in monthly savings deposits.
The monthly decline in savings deposits, reflects the effect of macro-control policies are gradually emerging, but it also reflects the financial management and spending the people's confusion.
Decrease in savings deposits
Diverted most of the stock market
At the macro-control policies gradually emerging effects of the moment, the monthly decline in savings deposits is undoubtedly a worthy of recognition data. Economic experts believe that the monthly decline in savings deposits, to a certain extent, ease the pressure on bank credit, and consequently reduce the blind in some areas and industries invest in the construction and disorderly, no doubt beneficial to the healthy development of the current macro-economic.
However, another notable figure is that in October, securities margin corporate customers increased by 216.1 billion yuan more than last month, an increase of 182.9%.
The researchers believe that this is a data signal can not be ignored. It can be seen, the monthly savings for the first time in more than five years, the decline is largely attributable to the stock market more attractive. 7.6 billion decrease in savings deposits, the majority did not go into people's expectations of the consumer sectors.
In fact, as A-share market's largest IPO issuance, and the Chinese Industrial and Commercial Bank of China (3.92, -0.05, -1.26%), the size of the month reached 40.56 billion yuan financing. If you take into account this factor, in October the decline in monthly savings deposits, largely of funds but a "displacement." Because investors will remove deposits after the purchase of Industrial and Commercial Bank of China stocks; Industrial and Commercial Bank of China to raise these funds, the final still have to extend credit. Only difference these funds before the bank's liabilities, has become the bank's capital. But banks have excess liquidity situation has not changed in substance.
It is precisely because of this, November 15, the central bank once again decisively financial institutions raised the deposit reserve ratio by 0.5 percentage point to curb excess liquidity surge in 1:00.
Norwegian savings into the stock market
Do not forget the risk
For ordinary people, such a fiscal path, but the current lack of investment channels helplessness choice: the future is uncertain real estate market now, and if the interest on deposits are not satisfied with the meager harvest, it can only be fitted braved the risks to the the stock market up, "go" one.
The problem is that the risk of the stock market not every ordinary people can accept. Cooking oil in the fire as the stock market, it is easy to be peaked again and again fooled by a high index. As everyone knows, in the "post-stock reform era," broad based market on the stock market has ended, the stock split the trend has taken shape. If the stock picking properly fitted the risk may occur at any time.
In the Norwegian savings into the stock market at the same time, it should be thought that the stock market risk not every ordinary people can accept. A limited tolerance for risk ordinary people, the current stock market prompted to look at risk, is necessary.
The social security system is not perfect
People still want to save money
Economic expert analysis pointed out that diversion of this part of the stock market savings deposits, subject to reflux back, a period of time is difficult to form a substantial consumer demand.
High savings rate of China's macroeconomic performance has been considered as one of the major hidden danger in recent years, despite the policy focus on the surface lot on the initiation of domestic demand, but the household savings rate is still at an annual rate of 0.5 percentage point increase. In October, China's household savings rate has approached 50%.
In layman's terms, people kept half of their income into the bank. Why are people afraid to spend money? The reason is that people have a strong worries.
Housing, children's education, retirement, health care ... ... Which is no big spending? The social security system is not perfect, to "not become rich first, the old" Chinese people, adding a lot of uncertainty concerns. Therefore, they prefer to do more with less savings, to prepare for Japan to needs.
"7.6 billion lower in October, but only a mere 1:00. Moreover, the majority of the 76 billion is not used for consumption, but rather to seek higher returns in the stock market, or for the purpose of more than save money." Tongji University, Investment Research The one the researchers said.
