The slowing growth of...................>

CHINA PRESS: The slowing growth of yuan-denominated deposits in Chinese banks is

expected to continue in the future, as growth will not have too much room to

rise, Economic Information Daily reported on Thursday, citing experts. 

  - Yuan-denominated deposits increased 8.3% y/y to CNY175.24 trillion in

August, 0.2 and 0.7 percentage points lower than July and last August, the

newspaper said, citing data from the PBOC; 

  - Wealth management products (WMPs) have attracted some of these deposits due

to the WMPs' high returns, the newspaper said, citing experts including Dong

Ximiao, senior researcher at Renming University's Chongyang Institute for

Financial Studies; 

  - The slowing of the deposit growth rate may not be a bad thing as China's

banking assets are three times the value of its GDP, and it is likely that banks

will shrink their balance sheet in the future, the newspaper said, citing Zeng

Gang, director of the banking research office of China Academy of Social

Sciences.