Renminbi savings at the Chinese fanatical institutions in Shanghai had staged a 113-bilion-yuan (US$14 billion) increase in value in the first six months this year to 1 trillion yuan, according to today's People's Daily.

The value is 21 billion yuan, or 23 percent, higher than that in the same period of last year.

Analysts attributed the boosting corporate banking business to the saving growth. They said corporate deposits jumped 52.5 billion yuan from January to April. More than 92 percent of the corporate savings are current deposits.

Individual business had also seen a fast growth in the six months of 43.3 billion yuan. The value is 25 billion yuan more over the same period of the previous year.

Even in June, when the stock markets staged a big rallies, individual deposits soared by 8 billion yuan.

It indicated more people tend to choose bank savings for investment rather than to buy stocks, analysts pointed out.

Around 61 percent of the individual business is fixed deposits.

Deposits in foreign exchanges had been a healthy in the first half-year. Foreign exchange savings at local Chinese banks grew US$1.4 billion to US$18 billion.

Loans in foreign exchanges shot up by US$612 million to US$7.2 billion.