According to the statistics, the newly increased credit for the biggest four state-owned banks in October is merely 182 billion Yuan. It is 40 billion Yuan lower compared to last year and it is also new lows record for this year. Anbound research team believes that seasonal factors and tight credit in the fourth quarter have led to the negative growth of deposits. Both inflation and economic slowdown are the main reasons behind the low credit. The record low credit in October is considered as normal under the influences of multiple factors.