Yan Xiandong, press spokesman for the People's Bank of China and director of the Department of Investigation and Statistics, said at the press conference of the State Information Office on the 15th that at the end of June, asset management product assets totaled 124.8 trillion yuan, up 12.7% year on year, and the balance increased 4.6 trillion yuan over the beginning of the year. Among them, bank wealth management was 34.8 trillion yuan, public funds were 42.9 trillion yuan, asset management trusts were 25.3 trillion yuan, and asset management products from insurance, brokerage, funds, futures, and financial asset investment companies totaled 21.8 trillion yuan. In terms of funding sources, capital raised by non-financial enterprises is growing rapidly, and the household sector is still the main source of incremental capital for asset management products. At the end of June, capital raised by asset management products from non-financial enterprises increased 24.7% year on year, with a year-on-year growth rate of more than 20% for four consecutive months. The balance increased 331.9 billion yuan from the beginning of the year, an increase of 353.8 billion yuan; capital raised from the household sector increased 7.7% year on year, and the balance increased 1.1 trillion yuan over the beginning of the year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.