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“存款搬家”加速!2万亿规模的理财公司,达到6家了
券商中国·2025-08-29 15:03

Core Viewpoint - The phenomenon of "deposit migration" accelerated in July, with a significant portion of residents' deposits shifting towards funds, wealth management, and other asset management products [1] Group 1: Financial Data and Trends - In July, the new deposits from the resident sector decreased by 1.1 trillion yuan, while deposits from non-bank institutions increased by 2.14 trillion yuan [2] - The scale of bank wealth management increased by approximately 2 trillion yuan month-on-month to 32.67 trillion yuan, exceeding the average growth of 1.75 trillion yuan for July from 2018 to 2024 [2] - The top 14 wealth management companies, each with a scale exceeding 1 trillion yuan, collectively saw a net inflow of about 1.77 trillion yuan in July, with the four major state-owned banks' wealth management companies contributing significantly [2][3] Group 2: Company Performance - Among the wealth management companies, Agricultural Bank's wealth management saw a growth of over 310 billion yuan in July, marking an 18% increase, the highest among 32 companies [3] - Other notable performers included Construction Bank's wealth management with over 200 billion yuan growth (14.5% increase) and Industrial Bank and Bank of China, both exceeding 170 billion yuan in net growth [3] - By the end of July, six wealth management companies surpassed the 2 trillion yuan mark, including Agricultural Bank, Industrial Bank, and Bank of China, indicating a narrowing gap among them [3] Group 3: Market Dynamics - The rapid growth in the wealth management market has intensified the "Matthew Effect," where licensed wealth management institutions are experiencing significant net increases, while small and medium-sized banks without such licenses face pressure to reduce their scale [4] - Some regional small and medium-sized banks are considering collaboration to establish wealth management companies in response to regulatory pressures [5] - As of June, 61 out of 68 small and medium-sized banks reported a decrease in their wealth management scale, with 20 banks experiencing declines exceeding 20% [5]