On March 18th, the continuous adjustment of the bond market since February has led to a decline in the yield of wealth management products, triggering some investors to actively redeem, resulting in a significantly weaker growth in the scale of wealth management products in February compared to the growth level shown by seasonal patterns. The market was once concerned that the redemption of this round of wealth management products may trigger negative feedback effects. However, industry insiders believe that after the adjustment of the bond market, its cost-effectiveness is gradually recovering. Currently, rural commercial banks and insurance institutions continue to increase bond allocation, and the entry of allocation funds not only provides support for the stabilization of the bond market, but also significantly reduces negative feedback risks. The space for further adjustment of the bond market is limited. (China Securities Journal)
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