Apart from the trend of July and August, which continued to reach record highs, the survival scale of the trillion-level financial management companies declined somewhat in September. According to exclusive data compiled by the reporter from trusted sources in the industry, the operating scale of 14 financial management companies with a management scale of more than 1 trillion yuan reached about 27.002 trillion yuan as of the end of September, an outflow of about 385 billion yuan over August. In the first three quarters of this year, the net survival scale of 14 major financial management companies increased by about 1.58 trillion yuan. By category, the scale of encumbered products increased by about 1.97 trillion yuan, including 1.78 trillion yuan in fixed income +, 176.1 billion yuan in hybrid products, and 18.2 billion yuan in equity and derivatives products; the pressure drop on cash products was about 330 billion yuan, and the net outflow of non-cash pure debt products was about 49.3 billion yuan. It is worth mentioning that according to credible data obtained by the reporter, CMB Wealth Management had reached about 2.96 trillion yuan as of the end of September, which means it is only one step away from China's first 3 trillion yuan financial management institution. From a market-wide perspective, the latest data from the Banking Industry Financial Registration and Custody Center shows that as of the end of September this year, the total size of the 54,000 surviving products in the entire market was 35.37 trillion yuan, a net increase of 2.08 trillion yuan over the 33.29 trillion yuan at 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.