The trend of moving deposits continues, and in November the scale of bank wealth management reached a new high.

With the continued decline in deposit interest rates and the increasing demand for fund allocation, the issuance market of bank wealth management products remains hot. According to the latest statistics from multiple institutions, as of the end of November, the total size of bank wealth management products in the market has reached approximately 34 trillion yuan, hitting a historical high, and the wealth management scale has been maintaining a positive growth trend for several months. It is widely believed in the industry that the expansion of wealth management scale in November not only conforms to the seasonal rules of previous years, but is also closely related to the accelerated " relocation" of residents' funds in the low interest rate environment. Looking ahead, although there may be temporary disturbances at the end of the year, the trend of long-term expansion of the bank wealth management market has not changed under the background of the gradual establishment of the "1 era" of deposit interest rates and the relative advantages of wealth management returns.