股市震荡，存款利率跌破1%，银行理财规模逆势创新高

Core Viewpoint - The global capital markets experienced significant volatility, with major U.S. stock indices declining sharply, complicating asset allocation in a low-interest-rate environment. This has led to a transformation in the wealth structure of residents, moving from traditional savings to diversified asset allocation, with bank wealth management products playing a crucial role in this transition [1]. Group 1: Market Trends - The bank wealth management market showed a fluctuating upward trend in scale, reaching 30.95 trillion yuan by the end of August, despite a slight decline to 30.82 trillion yuan by the end of September due to liquidity tightening and product redemptions [1]. - The number of investors in wealth management products has steadily increased, with 136 million investors reported by mid-2025, reflecting a growth rate of 8.37% since the beginning of the year, surpassing the growth rate of traditional savings [2]. Group 2: User Behavior - Users of wealth management platforms are demonstrating increased engagement, with 67% growth in users on the "Stable Profit" platform and a trend towards continuous investment rather than one-time attempts [2]. - Small and micro enterprises are emerging as new forces in the wealth management market, actively managing idle operational funds through various financial products to achieve stable returns while maintaining liquidity [4]. Group 3: Product Performance - The "Stable Profit" platform reported an average annualized return of 2.58%, slightly above the industry average of 2.41%, with all products held for over three months achieving positive returns [4]. - The product structure of the "Stable Profit" platform, which focuses on low to medium-risk assets, aligns with the current market demand for stable investment products [4]. Group 4: Future Outlook - The bank wealth management market is expected to continue expanding in scale and restructuring, with the relative advantage of wealth management products in terms of yield likely to attract ongoing capital inflows [7]. - The focus of competition in the industry is shifting from product supply to service capabilities, suggesting that platforms offering stable returns and flexible redemption options will remain attractive to low-risk investors [7].