The wealth management business of banks has rebounded strongly, with sales revenue exceeding 160 billion yuan by 15 national banks.

As of now, state-owned major banks and joint-stock commercial banks listed on the A-share market have all disclosed their 2025 annual reports. Reporters have noticed that with the revival of the capital market last year, the wealth management business of the banking industry achieved good growth. On one hand, from the perspective of retail assets under management (AUM), 6 state-owned banks and 9 joint-stock banks all achieved positive growth; on the other hand, out of the 15 national-level banks, 12 of them achieved positive growth in wealth management distribution business last year. The total income from the agency business of these 15 banks exceeded 160 billion yuan, with an average growth rate of 21%. In recent years, as the model relying on high-interest, high-risk retail asset deployment gradually fades, more and more banks are focusing on expanding retail AUM and improving wealth management fees in their retail transformation efforts.