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Government Tax Transferred to Fixed Deposit: Bank of China Hits Record High Deposits in June

The government tax is transferred to fixed deposit! In addition to the seasonal factors of personal and corporate dividends, the Financial Supervisory Commission (8) announced that the National Bank of China had 503.4 billion yuan in deposits in June, soaring to a new high in a single month this year. The accumulated bank deposits in the first half of this year have exceeded 1.28 trillion yuan.Further reading: CITIC Financial earned 36.4 billion yuan in the first seven months, an annual increase of 18%, EPS1.87 yuan

The government tax is transferred to fixed deposit! Bank of China’s deposits hit a new high of 500 billion yuan in June.File photo: Central News Agency

According to the latest statistics released by the Financial Supervisory Commission today, Bank of China’s deposits in June increased by 503.4 billion yuan compared with May, making the cumulative deposit increase in the first half of the year exceed 1.28 trillion yuan. Tong Zhengzhang, deputy director of the Banking Bureau, mainly categorized the reasons into three categories. One is the season of dividend distribution, and the other is the transfer of tax funds from government agencies to fixed deposits. The third is the repatriation of dividends from overseas subsidiaries of enterprises, etc., resulting in a single-month increase of more than 500 billion yuan.

Tong Zhengzhang, deputy director of the Banking Bureau, said that in October 2021, there was an increase of 990 billion yuan in single-month deposits, which was a record high in history. In addition, the figure was relatively high since October last year. In addition, in November 2011, it was about 505.4 billion yuan There are also quite high deposits. The June figure is roughly the highest for a single month this year.

With Taiwan’s economic development in the past few years, despite the interference of the new crown epidemic, the annual bank deposits of the People’s Republic of China in 109~111 were 3.9 trillion yuan, 3.8 trillion yuan, and 3.9 trillion yuan. In the past three years, they have been 3.7~ An eye-catching level of 3.9 trillion yuan. Judging from the 1.28 trillion yuan in the first half of this year, there is also a chance for the whole year to match the level of the past three years.

As for bank lending, it continued to decrease, and Bank of China’s lending in June decreased by 144.3 billion yuan. Tong Zhengzhang also analyzed the two main reasons. First, after the government agencies have collected all taxes by the end of May, there will be less demand for short-term working capital, so they will make repayments first. The second reason is the quarter-end debt adjustment of enterprises in the second quarter. After the combination of the two factors, it showed a decline. However, Tong Zhengzhang said that this figure is similar to the same period in the past three years. Among them, the working capital of government agencies It will be reduced by 230 billion yuan, mainly because the tax will be repaid first.

Ye Yiru, Special Correspondent of Yahoo Finance: 22 years of experience in financial mainstream media, from the bubble of Web1.0 in 2000 to Web3.0 of the Meta universe, witnessed the history of the rise and fall of large and small business groups in Taiwan, and experienced five international financial crises. Think that finance is life, omnipresent, no matter how difficult financial management knowledge should be explained in a simple way. No matter you are young or old, you should manage money. If you don’t manage money, money will ignore you.

2023-08-08 09:24:11
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