According to data from Jinshi, after entering April across the quarter, the bond market overall performed strongly, and a new round of 'interest rate cuts' on deposits by small and medium-sized banks has driven a significant increase in bank wealth management scale. As of the end of April, the total scale of 14 bank wealth management companies was approximately 23.6 trillion yuan, an increase of nearly 1.9 trillion yuan compared to the end of March, and an increase of over 1 trillion yuan compared to the beginning of the year.
The six state-owned banks' wealth management companies were the main contributors to the increase in wealth management in April, with a total rebound scale of approximately 1.1 trillion yuan in a single month, accounting for nearly 60%. In addition, Huaxia Wealth Management's management scale has surpassed 900 billion yuan in April, likely making it the 14th trillion-level wealth management company.