Core Viewpoint - Recent short-term low-risk wealth management products in China have seen rising yields, with some products approaching an annualized return of 10% over the past month [1][3]. Group 1: Product Performance - Several short-term low-risk wealth management products have reported increased yields, with some achieving annualized returns close to 10% in the last month [1][3]. - For instance, the "交银理财灵动慧利9号7天持有C" product from Bank of Communications showed an annualized return of 9.63% for the period from June 4 to July 4, 2025, while its historical annualized return since inception is 5.06% [3][4]. - Another product, "兴银理财丰利逸动日开增强型固收类理财产品," has an annualized return of 8.642% since its inception as of July 3 [5]. Group 2: Market Influences - The performance of low-risk wealth management products is largely influenced by the bond market, which has been favorable recently, leading to higher yields [4]. - Some wealth management companies are employing a "fixed income plus" strategy, which includes a small portion of equity assets, contributing to the increased returns of certain products [7]. Group 3: New Product Strategies - New wealth management products are also showing impressive yields, with a product launched on June 13 achieving an annualized return of 7.22% by July 4 [9]. - Wealth management firms often allocate high-quality assets to new products to boost initial yields, a practice known as "新品打榜" (new product ranking) [13]. - The initial small scale of new products allows for significant yield increases in the short term, but returns may normalize over time as the products mature [13].