Deposits move to boost bank wealth management scale; state-owned bank wealth management companies take the lead.

As of the end of April, the total wealth management scale of the top 14 financial companies reached 23.58 trillion yuan, an increase of 1.89 trillion yuan from the end of March and 1.16 trillion yuan from the beginning of the year, far exceeding the growth rate of the same month in previous years. As the leading institution contributing to the increase in wealth management market in April, the total wealth management scale of six state-owned bank wealth management companies that rebounded in a single month was approximately 1.13 trillion yuan, accounting for nearly sixty percent of the above 14 institutions. Among them, ABC wealth management increased by over 17%, with an increase of over 280 billion yuan, while CCB wealth management and BOC wealth management both had an increase of over 13%, with BOC wealth management only slightly below ABC wealth management, at approximately 220 billion yuan.