Bei Jing Shang Bao·2025-08-13 23:12Core Viewpoint - The migration of bank wealth management products to wealth management subsidiaries is accelerating as the transition period for asset management regulations approaches its end, with several banks announcing plans to transfer their products [1][4]. Group 1: Migration of Wealth Management Products - China Merchants Bank and CITIC Bank have announced plans to transfer several previously issued wealth management products to their respective wealth management subsidiaries [2][3]. - The migration includes specific products such as "CITIC Wealth Management Growth Strong Bond Daily Open Net Value RMB Wealth Management Product" and others, with a scheduled pause in subscription and redemption transactions [2][3]. - This marks the eighth transfer of wealth management products by China Merchants Bank this year, totaling 59 products transferred to its wealth management subsidiary [4]. Group 2: Reasons for Acceleration - Analysts suggest that the increasing maturity of wealth management subsidiaries in terms of product issuance, sales, operational management, and investment research capabilities necessitates the accelerated migration of wealth management products from parent banks [1][4]. Group 3: Challenges in Migration - The migration process may face challenges such as system compatibility issues, customer acceptance of product name changes, and the management of existing assets, particularly those with flaws or risks [5]. - Wealth management subsidiaries are advised to maintain strict financial separation from parent banks and enhance their product offerings through improved risk control and investment research capabilities [6].