Bank preferred shares exit the market; wealth management "fixed income plus" strategies come under pressure.

Bank preferred shares are accelerating their exit. On October 13, Bank of Jiangsu announced that it had privately issued 200 million preferred shares in November 2017, with an issuance size of RMB 20 billion, and plans to fully redeem these preferred shares on November 30, 2026. According to the reporter's tally, since the beginning of this year, five listed banks have completed redemptions of preferred shares, and the market has entered a stage of stock depletion in which there are only exits and no new entries.