In October, both the returns and the scale of bank wealth management products increased.

The latest data from Pu Yi Standard shows that as of the end of October, the scale of the bank wealth management market has risen to 31.6 trillion yuan, an increase of 0.36 trillion yuan from September. At the same time, reporters found that the annualized rate of return of some bank wealth management products has risen to over 10% in the past 3 months. Industry experts generally hold optimistic expectations for the trend of bank wealth management scale in the fourth quarter. Ming Ming, chief economist of CITIC Securities, told reporters that in the background of low interest rates and prudent and loose monetary policy, the trend of "deposit migration" is expected to continue, providing strong support for the growth of wealth management scale, and the market scale is expected to maintain steady growth. However, the broad decline in interest rates will narrow the space for interest income, and stricter regulations limit some traditional stable valuation methods, which may cause greater fluctuations in the net asset value of wealth management products and a gradual downward trend in long-term returns. The market may present the characteristic of "increased scale, slow income growth".