Since the reform and opening up, China's household saving deposits have witnessed the following stages:

In the first ten years of reform and opening up, with the continuous improvement of people’s living standard, household saving deposits step into the rapid growth stage, with an average annual increase of over 30%.

From 1989 to 1996, China's household saving deposits entered the second stage, which is featured with continued momentum of average annual growth of 31.6% on a huge base.

Owing to the capital distributary of stock market by the end of the last century, household saving deposits began to drop dramatically in the last few years of the last century in our country, and the growth rate declined to 15.4%, 11.6% and 7.9% in 1998, 1999 and 2000 respectively. At the same time, the growth rate of new deposits began to see negatives.
     
The capital distributary became thinner in 2001 after the strong flow in the second half of 1999 and in 2000, and saving deposits started to accelerate.  In September 2003, saving deposits made a breakthrough of 10 trillion Yuan. And in the following two years or less, they crossed strode over four trillion Yuan threshold and reached 14 trillion Yuan by the end of 2005. During this time, the topics about "sleepy banks" with more than 10 million savings deposits have been frequently reported.

 In 2006, with the gradual prosperity of China's capital market, household saving deposits created the 15 trillion Yuan and 16 trillion Yuan records in February and December respectively. However, the removal of saving deposits from banks to stock markets is becoming conspicuous.

Financial Operation Report of China Region in 2006 issued by People's Bank of China revealed that Beijing household saving deposits showed a downward growth in consecutive ten months since February 2006. The Shanghai headquartered of Central Bank also announced that saving deposits of state-owned banks in Shanghai are faced with the largest decline in the last 8 years in May.

As an extension of this trend, after the 17 trillion Yuan breakthrough in February, two declines appeared immediately in April and May two consecutive months, a net decrease of 445.8 billion Yuan within two months.