币界网报道：The European Central Bank (ECB) has proposed redirecting retail savings into capital markets to stimulate economic growth, according to a recent report. ECB President Christine Lagarde emphasized the need to mobilize household savings more effectively, noting that European households hold over €10 trillion in low-yielding deposits. The proposal suggests creating incentives for retail investors to shift funds into capital markets through tax benefits and simplified investment products. This initiative aims to boost funding for businesses, particularly small and medium-sized enterprises (SMEs), which often struggle to access traditional bank financing. The ECB also highlighted the potential role of digital platforms in democratizing investment opportunities for retail participants. However, critics warn of risks associated with exposing inexperienced investors to market volatility. The proposal aligns with broader EU efforts to deepen capital markets integration under the Capital Markets Union (CMU) project, which seeks to reduce reliance on bank financing and enhance cross-border investment flows. The ECB plans to collaborate with national regulators and financial institutions to implement these measures, with pilot programs expected to launch in select EU member states by 2025. Analysts suggest this move could significantly alter Europe's financial landscape by increasing retail participation in capital markets while addressing long-standing structural challenges in the region's economy.