Core Viewpoint - The recent strong performance of the stock market has significantly impacted the bank wealth management market, leading to the early termination of several wealth management products linked to the "CSI 1000 Index" due to reaching performance targets [1][2]. Group 1: Early Termination of Wealth Management Products - Several wealth management companies, including Xingyin Wealth Management and ICBC Wealth Management, announced the early termination of products linked to the CSI 1000 Index after they reached the performance benchmarks [2][3]. - The CSI 1000 Index saw a 4.7% increase in July, contributing to a year-to-date rise of 6%, which triggered the early termination of these products [2]. - The early termination mechanism is designed to secure profits when the linked asset performs better than expected, thus avoiding potential market volatility risks [3]. Group 2: New Product Issuance - Following the early terminations, wealth management institutions are actively launching new products linked to the CSI 1000 Index to fill the gap [4]. - For instance, Zhaoyin Wealth Management launched a new product with a fundraising scale exceeding 71.67 million yuan, continuing the trend of products linked to the CSI 1000 Index [4]. - A total of 53 wealth management products linked to various indices are currently in the fundraising or ongoing phases, with over 40% of them still open for subscription [5]. Group 3: Market Trends and Product Structure - As of June 2025, the total scale of bank wealth management products reached 30.97 trillion yuan, reflecting a 3.4% increase from the previous year, although the product structure shows increasing imbalance [6]. - Cash management products have decreased to 22.12% of the total, while fixed-income products dominate at 75.57%, with mixed and equity products accounting for less than 2.2% [6]. - The average yield across the market has declined to 2.4%, with a notable drop of 22 basis points, while mixed products saw a slight increase in yield [6].