On August 13, Huayuan Securities released the latest industrial monitoring data, showing that the scale of China’s outstanding bank wealth management products exceeded 35.4 trillion yuan by the end of July 2026, with a month-on-month increase of 1.75 trillion yuan, hitting an all-time high. The growth volume far outpaces the average monthly increment of the past five years, reflecting a prominent shift in residents’ asset allocation preferences toward stable and risk-averse financial products.
Against the backdrop of intensified equity market volatility and divergent asset prices, low-risk and steady-return bank wealth management products have become the core choice for residents to preserve wealth. In terms of product structure, fixed-income wealth management remains the absolute mainstream of the market. Cash management and short-term bond products with low volatility and high liquidity maintain the highest subscription enthusiasm and continue to expand market scale.
With the full implementation of the new asset management regulations, the net-value operation of bank wealth management has become mature, and the industry’s ability to control product fluctuations has been greatly improved, completely eliminating the after-effects of rigid redemption. The standardized development of the industry has rebuilt residents’ market trust. Meanwhile, bank wealth management subsidiaries continue to optimize product systems and launch inclusive products suitable for ordinary investors, effectively activating capital in sinking markets.
Industrial institutions predict that the macro economy will maintain a moderate recovery in the second half of the year with lingering market uncertainties, so residents’ risk appetite will not rise significantly in the short term. The scale of bank wealth management is expected to grow steadily. The continuous expansion of the wealth management market will provide long-term and stable capital for the bond market and real economy investment and financing, serving as a solid cornerstone for the stable operation of macro economy and capital markets.
