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Business6/16/2026, 8:08:49 AM

China’s Great Deposit Migration: Why 250 Million Investors are Shifting the Nation’s Wealth Logic

China is witnessing a significant shift of household wealth from bank deposits to non-bank financial institutions and equity markets, with the A-share investor base reaching 250 million. While this 'deposit migration' provides a potential liquidity boost for capital markets, it coincides with a historic contraction in resident lending, reflecting a complex structural transition in the Chinese economy.

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