Reducing bond holdings and increasing deposit purchases, shifting financial asset allocation.

Since the third quarter, the market's ability to attract funds for net worth financial products has been increasing. Data from PuYi Standard shows that overall, the total fundraising scale of public offering RMB net worth financial products in October 2025 increased compared to the previous month, reaching 521.3 billion yuan. In the past six months, the total fundraising scale for each month has been over 400 billion yuan. In terms of asset allocation preferences, reducing bond allocation and increasing allocation to cash and deposit assets have become the focus of financial products in attracting funds. According to the latest data disclosed by the Bank Wealth Management Registration and Custody Center, the balance and proportion of investment in cash and bank deposit assets in wealth management products have increased for three consecutive quarters, while the balance and proportion of investment in bond assets have shown a downward trend.