423 million savings for each stock index rose a diversion point.

<P>: Http:// hearing, the average savings per 423 million diversion, the Shanghai index rose a point </ P> <P> in this year's stock market, individual investors, financial market conditions and investment preferences .impact can not be ignored, SW Research Institute in a recent semi-annual report from the Deposit specific impact on the index, investors personal analysis of this phenomenon. .The results showed that overall growth in savings deposits is proportional to the actual deposit interest rates, with consumption growth, real estate sales, stock investment is inversely proportional. .May 2006 -2007 period in April, the average savings per 423 million diversion, the Shanghai index rose a point. .</ P> <P> Deposit index associated with high </ P> <P> statistics: As of May 2007, savings deposits of 16.8 trillion yuan, an increase of the balance dropped to 9.7%; savings of low growth .growth in total deposits, the proportion of the total deposits is also decreased. .Structural point of view, demand deposits grew faster than regular savings deposit growth; of which savings deposits accounted for a record low, the first quarter of 2007 accounted for 63%. .</ P> <P> Deposit how much? .SW Institute believes that the split is a relative concept. .Assumptions: savings deposit base growth, excessive consumption in the absence of growth factors such as stock trading was active interference, savings deposits per capita disposable income, based on steady growth. .Calculated as: Deposit size = base balance of savings deposits growth - growth in the existing balance of the actual savings. .Thus they come to save the size of triage in May 2006 to April 2007 about 1.13 trillion yuan. .</ P> <P> where the savings were diverted? .SW analysis, the overall growth of savings deposits is proportional to the actual deposit interest rates, with consumption growth, real estate sales, stock investment is inversely proportional. .Econometric analysis shows that: Shanghai and Shenzhen stock savings deposit growth and a negative correlation between the stock growth, the absolute value of the correlation coefficient between 51% and the correlation is stronger. .Deposit the whereabouts of most major stock markets. .And according to the model, the Shanghai Composite Index showed a negative regression coefficient, indicating that savings and stock market prices shunt significantly correlated. .According to previous results, in May 2006 -2007 period in April, the average savings per 423 million diversion, the Shanghai index rose a point. .In accordance with the model results, the excessive diversion of savings deposits of about 61% of the savings diversion of funds into the stock market. .</ P> <P> SW that divert savings to accelerate the current period, it indicates that investors expect future stock prices to keep rising, savings diverted to support the follow-up to the stock market highs. .But the study relationship between savings and stock price growth, consumption growth should also consider the impact on the Deposit, in 1999 -2001 before and after market, savings deposits increased market volatility change on the relationship between a clear lead. .Most notably, when growth of savings deposits in 2000, began to recover rises, stock prices began to rise gradually reduced power. .</ P> <P>.