Disaggregated province-by-province analysis appears to confirm the importance of ongoing redistributive lending by the big four Chinese banks together with lending to state-owned enterprises that is especially pronounced amongst the poorer provinces. Agricultural Bank of China's own allocation...

This paper examines the importance of sentiment effects on asset allocation decisions in mainland China and beyond. Rising stock market sentiment is found to negatively and significantly impact Chinese savings deposit growth over the 2003-2007 period. Investor sentiment also exerted consistently...

This letter examines the importance of sentiment effects on asset allocation decisions in mainland China. While liquidity matters too, we find that rising stock market sentiment exerted a statistically significant negative effect on Chinese time deposit growth during 2003-2007