TREE NEWS reports: China’s central bank reported that yuan deposits increased by 20.76 trillion yuan in the first three quarters of 2025. At end-September, domestic and foreign currency deposits totaled 357.52 trillion yuan, up 7.6% year-on-year, while yuan deposits stood at 349.45 trillion yuan, up 7.5%. Household deposits rose 9.39 trillion yuan, non-financial corporate deposits 3.16 trillion yuan, fiscal deposits 1.63 trillion yuan and non-bank financial institution deposits 4.41 trillion yuan.
China Central Bank: Yuan Deposits Rose 20.76 Trillion in First Three Quarters
The composition matters more than the headline: household deposits accounted for the largest share of the increase, while non-bank financial institution deposits — the bucket most relevant to crypto and RWA flows — were a smaller slice, suggesting domestic risk appetite stayed muted through the period. That deposit build-up is the backdrop against which any rotation into alternative assets would have to occur. Whether the household-heavy pattern persists, or shifts toward non-bank channels, is the open question for RWA and digital-asset desks watching Chinese capital.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.