中信证券：6月理财规模环比下降9500亿

Core Viewpoint - The report from CITIC Securities indicates a significant decrease in bank wealth management scale in June, with a drop of 950 billion yuan, attributed to seasonal adjustments for quarterly assessments [1] Group 1: Wealth Management Scale - As of the end of June 2025, the bank wealth management scale is estimated to decline to 30.65 trillion yuan, which is a decrease of 950 billion yuan compared to the previous month [1] - The decline is noted to be less than the average drop of 1.25 trillion yuan observed from June 2018 to June 2024 [1] Group 2: Future Projections - It is anticipated that the wealth management scale will likely recover within a week after July [1] - In the long term, the trend towards "fixed income plus" wealth management products is expected to drive growth in the wealth management scale, with a projected increase of over 1.5 trillion yuan in July [1] - The total wealth management scale for the year is expected to exceed 33 trillion yuan [1]