Jin Rong Jie·2026-01-27 08:59Group 1 - The core viewpoint of the article emphasizes the anticipated growth of the bank wealth management market in 2026, driven by the trend of deposit migration and the need for financial institutions to adapt to changing market conditions [3][4][5]. - In 2025, the wealth management market size is expected to reach 34 trillion yuan, showing a significant increase and outpacing public fund market growth [2]. - The structure of wealth management products is expected to further optimize, focusing on deposit replacement products, particularly short-term high liquidity fixed-income products and low-risk closed fixed-income products [5][6]. Group 2 - The average yield of current management wealth products is around 1.4%, while fixed-income products yield about 2.2%, maintaining a comparative advantage over current three-year fixed deposit rates [4]. - The investment strategy for bank wealth management is expected to continue with a low-volatility asset allocation approach, focusing on high-grade short- to medium-term credit bonds and maintaining a cautious stance on equity allocations [8][9]. - The overall wealth management yield is projected to exhibit a "weak fluctuation" pattern in 2026, influenced by economic fundamentals and policy environments, with a stable liability side expected to enhance the acceptance of wealth management yield levels [8][9].