Mid-year scale withdrawal of wealth management: 14 companies reduced by 950 billion yuan in June compared to the previous month, with incremental growth in the first half of the year falling to 530 billion yuan.

According to the data collected by reporters, the combined wealth management scale of the top 14 bank wealth management companies reached 22.96 trillion yuan as of the end of June this year, a decrease of about 950 billion yuan from the end of May. Due to fluctuations in scale in June, the growth of these 14 institutions in the first half of the year narrowed to 530 billion yuan. In terms of product structure, the shrinkage of scale in June was mainly due to the rapid loss of cash products, which decreased by over 550 billion yuan compared to the end of May, and by about 800 billion yuan from the beginning of the year. Looking ahead, after crossing the mid-year point, the wealth management market in July may see a rapid return. Huaxi Securities predicts that the rebound in July may be maintained at over a trillion yuan level.