Chinese savers are hunting for higher-yield investments as about $7 trillion, or 50 trillion yuan, in time deposits mature in 2026, Bloomberg reported Monday.
The maturity could provide more cash for the country's financial markets that are already reeling from the effects of a real estate crisis and dismal stock returns, the report said.
Investors are looking to shift their savings to stocks, wealth management products, or insurance, in line with government efforts to achieve sustainable market gains, according to the media outlet.
The maturing deposits expiring in 2026 are 10 trillion yuan higher compared with 2025, the report said, citing Huatai Securities (HKG:6886, SHA:601688) analysts led by Zhang Jiqiang.
Of the amount, 30 trillion yuan is deposited at large state-owned lenders, and a greater share of the total is maturing in the first half, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
