| Variable types | Name of index | Notes |
| Explained variable | Quarter average deposits of commercial banks (qdes) | Quarter average deposits of commercial banks = quarter deposit balance of commercial banks/quarter days |
| Explanatory variables | Seven-day annualized yield of “Bao bao” Internet monetary funds (efrate) | The geometric mean of seven-day annualized yield of 6 Internet monetary funds including Yu’e Bao, Tencent financial management, Baidu profits, Cash baby, pocket money baby, Ping an surplus4 |
| Controlled variables | Deposit interest rate (rate) | 1-year fixed-term deposit interest rate |
| Consumer expectation index (CEI) | - | |
| The Shanghai composite index (szss) | - | |
| Hundred-price index of real estate (reits) | - |