中信证券：年内理财规模可能突破33万亿元

Core Insights - CITIC Securities reports that the scale of bank wealth management is expected to exceed 33 trillion yuan by the end of the year, driven by recent trends in deposit interest rates and asset management products [1] Group 1: Wealth Management Scale - As of the end of April, the bank wealth management scale increased by 2.1 trillion yuan to 31.3 trillion yuan, representing a month-on-month growth of 7.35% and a year-on-year growth of 6.83%, returning to historical highs [1] Group 2: Impact of Interest Rate Changes - The recent round of deposit interest rate cuts will help banks control interest costs but may increase the difficulty of attracting deposits, leading to an influx of funds into low-risk asset management products like bank wealth management [1] - The reduction in deposit rates is likely to push down broad interest rates, including government bond rates, and will continue to promote the "deposit migration" phenomenon [1]