| Explained variable | Explanatory variable | Note |
| Growth rate of saving deposits = (saving deposits amount of current season-saving deposits amount of previous season)/saving deposits amount of previous season | Seven-day annual yield of Yu’ebao (yebsyl) | -- |
| Consumer expectation (CEI) | -- | |
| Stock yield (szzszzl) | Geometric mean of growth rate of Shanghai securities composite index of each trading day of March, June, September and December | |
| Consumer Price Index (CPI) | -- | |
| Rate of bank charges (sxfl) | Geometric mean of primary handling fee rate of deposit business in each bank | |
| quarterly average growth rate of affiliated agency of commercial banks (jgzzl) | (the number of bank branches in this quarter-he number of bank branches in last quarter)/the number of bank branches in this quarte |