3月理财规模降5000+亿元

Group 1: Wealth Management Scale - The wealth management scale decreased by 755.2 billion CNY to 29.70 trillion CNY during the week of March 24-28, 2025, marking a peak in seasonal pressure[1] - For the entire month of March, the cumulative decline in wealth management scale was 574.1 billion CNY, which is less than the historical average decline of over 1 trillion CNY in previous years[2][11] - The significant reduction in scale is primarily attributed to seasonal factors, with short-term products experiencing the largest drop of 348.2 billion CNY[10] Group 2: Leverage Rates - The interbank leverage ratio increased to 107.50% by March 28, 2025, the highest level since February 2025, indicating a recovery in lending willingness among banks[3][33] - The average leverage level in the exchange market rose from 123.28% to 123.39% over the week, reflecting a trend of "first decline then rise" in leverage rates[3][33] Group 3: Fund Duration Strategy - Funds are maintaining a cautious approach towards duration, with the duration of interest rate-based medium and long-term bond funds compressing from 3.79 years to 3.68 years[4][39] - Conversely, the duration of credit-based medium and long-term bond funds slightly increased from 2.05 years to 2.06 years, indicating a shift in strategy[4][39] - Short-term and medium-short bond funds showed a quick recovery in duration, with short-term funds increasing from 0.73 years to 0.77 years[4][43]