Group 1 - The bond market faced pressure in July, with the yield on 10-year government bonds rising by 5 basis points to 1.70%, stabilizing by the end of the month [1] - The Shanghai Composite Index increased by 3.74% for the month, while the ChiNext Index surged by 8.14%, indicating a preference for growth styles in the market [1] - The total number of bank wealth management products reached 42,629 by the end of July, an increase of 776 from June [1] Group 2 - The average annualized return of the listed products approached 10%, with volatility rising significantly compared to June [6] - The average scale of the listed products was approximately 4.79 billion yuan, a decrease of 34.92% month-on-month [6] - The proportion of products with a risk level of three (medium risk) accounted for one-third of the listed products, indicating a shift in risk profile [6] Group 3 - The average weighted annualized return of the listed products in the mixed category reached 17.86%, with a notable increase in volatility [22] - The average scale of these products was about 4.83 billion yuan, down 40.88% from June [22] - The allocation to equity assets became a significant source of returns, with a focus on technology growth styles [22] Group 4 - The overall risk level of the listed products increased, with 50.48% of products rated at level three (medium risk) or higher [27] - The products primarily invested in high-grade interest rate bonds and bank capital tools, maintaining a focus on liquidity [18] - The investment strategy reflected a "high proportion of fixed income + moderate liquidity" approach [18]