Overall Performance - As of September 18, 2025, the average seven-day annualized yield for RMB public cash management products is 1.433%, while for USD cash products it is 3.934% [2] - The ranking of products shows that Su Yin Wealth Management, Bei Yin Wealth Management, and Zhao Yin Wealth Management each have 2 products listed, while Pu Yin Wealth Management, Hua Xia Wealth Management, Zhong You Wealth Management, and Hui Yin Wealth Management each have 1 product listed [2] - Among the 5128 RMB public cash management products, only 64 products have a seven-day annualized yield exceeding 2%, accounting for just 1.25%, while 1421 products fall within the 1.5% to 2% yield range, nearly 30% [2] Highlight Product Analysis - The top two products are both issued by Su Yin Wealth Management, namely "Qi Yuan Currency No. 3 G" and "Qi Yuan Cash No. 4 N," primarily investing in low-risk assets such as bank deposits, repos, and interbank certificates of deposit [3] - "Qi Yuan Currency No. 3 G" includes interest rate bonds in its asset allocation, while "Qi Yuan Cash No. 4 N" opts for securities company bonds [3] - As of September 18, 2025, the yields per ten thousand for "Qi Yuan Currency No. 3 G" and "Qi Yuan Cash No. 4 N" are 0.8129 and 0.8067, respectively [3] - In response to the ongoing decline in market interest rates, "Qi Yuan Currency No. 3 G" has increased its holdings in bond assets and reserved higher-yield long-term deposit assets [3] - "Qi Yuan Cash No. 4 N" locked in returns early in the first and second quarters of 2025 and increased allocations to primary and secondary credit bonds, raising the proportion of high-priced deposits and repos by the end of the second quarter [3]