央行报告：2025年资管产品规模快速增长，主要投向同业存款和存单

Group 1 - The core viewpoint of the report indicates that by the end of 2025, the total assets under management (AUM) in China will reach 120 trillion yuan, reflecting a year-on-year growth of 13.1% [1] - The rapid growth of asset management products is primarily driven by new assets being allocated to interbank deposits and certificates of deposit, which will total 28.7 trillion yuan by the end of 2025, marking an 18.9% increase year-on-year [1] - The report highlights that the increase in interbank deposits and certificates of deposit accounts for approximately 50% of the total new underlying assets in asset management products, with a cumulative increase of 4.6 trillion yuan, representing a significant rise of over 20 percentage points compared to the same period last year [1] Group 2 - The report emphasizes that as China's financial market continues to deepen and direct financing develops more rapidly, the financing channels will become more diversified [1] - It is noted that the allocation and selection of household savings assets between bank deposits and financial assets such as asset management products will become increasingly diverse [1]