Income rebound drives deposit migration, bank wealth management scale back to high level.

According to industry sources, as of May, the scale of bank wealth management continued to grow following the trend of April, stabilizing at the 31 trillion yuan mark. Industry insiders believe that the recent increase in the scale of bank wealth management is mainly due to the downward trend in bond market interest rates driving the rise in wealth management returns, the emergence of the "deposit migration" effect, and adjustments in bank sales strategies. With a new round of deposit interest rate cuts on the horizon, the scale of bank wealth management may further increase, with a potential to reach 33 trillion yuan by the end of the year.