Household fixed deposit balance and proportion have both reached a new high in recent years.

The trend of residents "turning their savings into time deposits" is not only reflected in the monthly increase in time deposit balances since the beginning of this year, but also in the record high proportion of time deposits. After consulting the latest data from the People's Bank of China's financial institutions' foreign currency credit and debit statement, it was found that from January to May this year, the monthly balance of time deposits under residents' deposits increased, reaching 113.9 trillion, 116.42 trillion, 118.45 trillion, 118.78 trillion, and 119.34 trillion respectively. Looking at the proportion of residents' time deposits, except for a decrease in March compared to the previous month, it increased month by month in the other four months, reaching a historical high at the end of May this year, with proportions of 72.17%, 73.48%, 73.33%, 74.16%, and 74.29%, respectively. Looking back, the proportion of residents' time deposits was 72.83% at the end of May 2024, and 72.54% at the end of 2024.