Bank wealth management products have become a popular choice for deposit migration, including equity asset products.

Continuing the growth in the size of wealth management in July, in August of this year, the wealth management companies ranked at the forefront once again received net inflows of funds, with the size continuing to grow. Since the beginning of this year, with the lowering of deposit rates by major banks combined with multiple rounds of "matching reductions" by small and medium-sized banks, bank wealth management products under the "price comparison effect" have become the direction of deposit inflows, with products containing equity assets being quite popular. Recently, data exclusively obtained by Securities Times reporters shows that among the 14 wealth management companies with total assets exceeding 1 trillion yuan and ranking at the top of the market, 12 of them achieved net growth in outstanding balances in August. The combined size of the above 14 wealth management companies increased by approximately 285.7 billion yuan, with the total size reaching 25.02 trillion yuan. However, in terms of month-on-month growth rates, the increment in August was less than the increment of about 1.8 trillion yuan in July, mainly because July was the first month of the second half of the year, a key time when the banking industry experiences significant fluctuations due to seasonal outflows of deposits.