The bank's wealth management distribution channels are accelerating their expansion into lower-tier cities.

As we enter December, there has been a frequent expansion of channels in the banking wealth management industry. Many wealth management companies such as Bank of China Wealth Management, China Construction Bank Wealth Management, China Merchants Bank Wealth Management, and Minsheng Wealth Management have successively added new sales cooperation institutions, and the changes in cooperation scope have attracted industry attention. Previously, the sales cooperation of wealth management companies was mainly concentrated in urban and rural commercial banks in first- and second-tier cities. Now it has gradually expanded to cover urban and rural commercial banks in cities below the third tier and county-level cities, highlighting the trend of channel penetration.