The number of investors in China's bank wealth management products has exceeded 100 million banks | Wealth management products | China
The China Banking Wealth Management Market Half Year Report released by the Banking Wealth Management Registration and Custody Center on August 4th shows that in the first half of this year, the number of bank wealth management investors maintained a growth trend. As of the end of June, the number of investors holding wealth management products reached 104 million, a year-on-year increase of 13.41%.
The report shows that as of the end of June, a total of 265 banking institutions and 30 wealth management companies in China have existing wealth management products, with 37100 coexisting and continuing products, an increase of 6.88% compared to the beginning of the year; The existing scale is 25.34 trillion yuan.
From the perspective of product structure, as of the end of June, the existing scale of fixed income products was 24.11 trillion yuan, accounting for 95.15% of the total existing scale of wealth management products, an increase of 1.32 percentage points compared to the same period last year.
From the perspective of product term, as of the end of June, the proportion of closed end products with a duration of more than 1 year accounted for 71.48% of all closed end products, an increase of 0.33 percentage points compared to the same period last year.
The report shows that the highest number of individual investors holding wealth management products are those with a second level risk preference, accounting for 34.31%.
The report believes that since the release of the new regulations on asset management, regulatory authorities have promoted the standardized transformation of the banking and wealth management industry, implemented precise measures to prevent and resolve risks in key areas, and a number of difficult issues in the industry have been steadily resolved. The banking and wealth management industry has solidly gone through a transformation period of standardized rectification and entered a new stage of high-quality development.