An additional 21.4 trillion yuan flows into A-shares? Multiple brokerages interpret this.

Jin10 data reported on August 17, the Central Bank announced that the financial data for July showed that non-bank deposits increased by 2.14 trillion yuan in July, the highest level for the same period since records began in 2015, with a year-on-year increase of 1.39 trillion yuan. This data has attracted widespread attention from the market. Several brokerages have provided interpretations of this. Some brokerages speculate that the new non-bank deposits may have flowed more into the stock market, and the significant increase in stock volume has also led to a rise in Margin deposits for securities companies. Other brokerages warn that if there is a large migration of deposits to the Capital Market in the short term, it is usually a result of market sentiment, not the cause, and it should be approached rationally. Additionally, some brokerages indicate that current investors are not rushing directly into the market in large numbers, but rather entering the equity market indirectly through fixed income + funds and other channels.