On December 31st, since 2024, the deposit interest rates of commercial banks have been continuously lowered, and many depositors’ funds have flowed into the bank wealth management market. Industry insiders say that 2024 is truly a “big year” for the development of the banking and wealth management industry. Currently, the industry’s scale has exceeded 30 trillion yuan, and the attractiveness of products continues to increase. From the perspective of yield, the average annualized yield of cash management and fixed income financial products at the end of 2024 has decreased compared to the end of 2023, while the average annualized yield of hybrid and equity financial products has increased compared to the end of 2023. In the low interest rate market environment, the investment yield of fixed income assets is decreasing, so increasing the proportion of equity assets has become a consensus among bank wealth management institutions. At the same time, regulatory authorities are becoming increasingly strict in their requirements for de nesting and de channeling the banking wealth management industry, and “embracing volatility” may become the main development trend of the industry in 2025. (China Securities Journal)
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