2026理财“开门”遇冷，节后规模回升可期

Group 1 - The core viewpoint of the articles indicates that the expected growth in wealth management products at the beginning of 2026 has not materialized, with a total scale of 32.5 trillion yuan, a decrease of 0.8 trillion yuan compared to the end of the previous year [1] - The decline in wealth management scale is attributed to banks focusing on deposit and loan activities and regulatory measures affecting the performance of wealth management products [1] - It is anticipated that after the Spring Festival, there will likely be a significant inflow of funds back into wealth management products, with a projected recovery of around 1 trillion yuan in February [1] Group 2 - For the entire year of 2026, the market expects the wealth management scale to continue growing, driven by a downward trend in deposit rates and the maturity of high-interest deposits [2] - The concept of "deposit disintermediation" is expected to strengthen, leading to sustained growth in wealth management products, although competition from other financial products, such as dividend insurance, may pose some challenges [2] - The estimated increase in wealth management scale for 2026 is projected to be between 1.5 trillion and 2.3 trillion yuan [2]