Lates News

According to the research report of CITIC Securities, as calculated by them, the size of bank wealth management as of the end of April increased by 2.1 trillion yuan to 31.3 trillion yuan, an increase of 7.35% month-on-month and 6.83% year-on-year, basically returning to historical highs. The implementation of a new round of deposit rate cuts will help banks control interest costs but will also increase the difficulty of attracting deposits. Low-risk asset management products such as bank wealth management will see an increase in funds. For the bond market, the lowering of deposit rates may push a wide range of rates downward, including on government bonds, and will continue to promote "deposit relocating." The scale of wealth management may exceed the historical high of 33 trillion yuan within the year.