Investment demand surged by nearly 50% in the first quarter! A nationwide gold-buying frenzy amid supply contraction may lead to the emergence of more high-end investment products, according to industry insiders.

① If expectations and purchasing power continue to grow, the supply volume will have a more pronounced impact on the next phase of gold prices. ② As core distribution channels, commercial banks such as ICBC and ABC, among other major state-owned banks, have frequently reported sell-outs of investment gold products and shortages of certain items earlier this year. ③ In the future, banks and gold institutions are expected to jointly develop more high value-added investment-oriented gold products.

cls.cnMay 11 20:46

Where did the 'deposit migration' go in the first quarter? The outflows were diversified, with 1.5 trillion yuan flowing into life insurance.

①In the first quarter of 2026, household deposits decreased by 1.5 trillion yuan year-on-year, while non-bank deposits increased by 2 trillion yuan year-on-year, indicating the presence of the “deposit migration” phenomenon. ②The short-term scale of migration remains relatively small, with a high retention rate of bank deposits, primarily due to low risk appetite among customer groups, innovative banking products, and the impact of peak loan disbursement periods. ③The flow of funds shows a diversified pattern rather than concentrating in a single area, and some directions do not fall within the standardized asset management sector.

cls.cnMay 11 15:59

Minsheng Bank is still in 'extreme defense'.

The financial statements of commercial banks often serve as the most sensitive indicator of macroeconomic cycles. Amid consecutive cuts in the Loan Prime Rate and widespread pressure on net interest margins in the banking sector...

wallstreetcnMay 11 11:22

Have deposits moved? The proportion of time deposits at multiple banks continues to rise, with industry insiders noting that the movement is mostly between different banks.

①According to the latest first-quarter reports of listed banks and statistics from the central bank, the proportion of term deposits at multiple banks has reached a new high. ②Several banking professionals have also indicated to reporters that, based on the current situation, no large-scale 'deposit migration' within the banking system has occurred. 'At most, there is some movement of deposits between banks of different natures.'

cls.cnMay 11 10:06

Trends, Group Mentality, and Frenzy – A Guide to the 'Main Theme' Investment Approach in China's A-Share Market

The strategy research report system of SDIC Securities elaborates on the methodology for identifying key themes in the A-share market, proposing four major tools: macro narratives, industry trends, incremental capital, and style rotation. It emphasizes focusing on one or two tools while avoiding mixing them. From the perspective of incremental capital, 'all trends lead to抱团 (concentration),' with excess returns, valuation divergence, and incremental capital peaking sequentially serving as sell signals. Style rotation requires cross-verification of trading signals and logical signals.

wallstreetcnMay 10 19:45

A-share Market to Distribute RMB 90 Billion in Dividends! ICBC and ABC to Pay Dividends on the Same Day Next Week

①ICBC and Agricultural Bank of China will distribute dividends on May 13. ②The total cumulative dividend payouts by ICBC and Agricultural Bank of China for the 2025 fiscal year are expected to be approximately RMB 110.593 billion and RMB 87.321 billion, respectively.

cls.cnMay 10 17:18