The scale of bank financial management continued to rise in November. Industry insiders believe that capital migration, driven by seasonal rules and declining deposit interest rates, has become its core growth driver. Although the pressure on capital returns brought about by bank assessments at the end of the December quarter may trigger a phased correction in the scale of financial management, institutions generally expect this figure to reach the 33 trillion yuan mark by the end of the year. In contrast to the increase in scale, the yield of cash management and pure fixed income wealth management products came under simultaneous pressure in November. At the same time, the regulatory deadline for completing valuation rectification before the end of the year was getting closer, and the net value transformation of bank financial management was further deepening. In this context, financial institutions are actively adjusting strategies, improving income flexibility through multi-asset allocation, and at the same time extending the term of closed products to adapt to net worth transformation.

The scale of bank financial management continued to rise in November. Industry insiders believe that capital migration, driven by seasonal rules and declining deposit interest rates, has become its core growth driver. Although the pressure on capital returns brought about by bank assessments at the end of the December quarter may trigger a phased correction in the scale of financial management, institutions generally expect this figure to reach the 33 trillion yuan mark by the end of the year. In contrast to the increase in scale, the yield of cash management and pure fixed income wealth management products came under simultaneous pressure in November. At the same time, the regulatory deadline for completing valuation rectification before the end of the year was getting closer, and the net value transformation of bank financial management was further deepening. In this context, financial institutions are actively adjusting strategies, improving income flexibility through multi-asset allocation, and at the same time extending the term of closed products to adapt to net worth transformation.