Overall Performance - As of August 21, the average seven-day annualized yield of RMB public cash management products from wealth management companies over the past six months is 1.466% [2] - Among 4,703 RMB public cash management products, only 61 products (1.3%) have a yield exceeding 2%, while 1,697 products (36.1%) fall within the 1.5% to 2% range; most products yield between 1% and 1.5% [2] - For the week of August 18 to August 24, the average seven-day annualized yields for RMB, USD, and AUD cash public wealth management products are 1.334%, 3.900%, and 2.84% respectively, with USD products showing a significant advantage [2] Highlighted Product Analysis - The top three products in terms of average seven-day annualized yield over the past six months are "Qiyuan Cash No. 5 J" and "Qiyuan Currency No. 2 (ESG Theme) F" from Su Yin Wealth Management, and "Postal Wealth·Change Treasure No. 19" from Zhongyou Wealth Management, with yields of 2.895% and 2.745% respectively [3] - The "Qiyuan Currency No. 2 (ESG Theme)" product has a reported scale of 6.829 billion yuan as of the end of Q2, focusing on ESG-compliant industries and high-quality assets [3] - The product's performance varies significantly among its share classes, with the J share yielding only 1.49% while the XN share reached 3.28% [3] - The asset allocation strategy for "Qiyuan Currency No. 2 (ESG Theme)" in Q2 primarily targets low-risk assets, utilizing moderate leverage and a tiered strategy to maintain static returns amid declining market interest rates [3]

Overall Performance - As of August 7, the average annualized yield over seven days for public cash management products issued by wealth management companies in RMB is 1.484% [7] - There are a total of 4,404 public cash management products, with only 59 products (1.3%) having an average annualized yield over seven days exceeding 2% in the past six months [7] - 1,810 products (41.1%) fall within the yield range of 1.5% to 2%, indicating that less than half of the cash management products have yields above 1.5% [7] - Notably, three products have an average annualized yield over seven days below 1% [7] Highlighted Product Analysis - The top two products, "Qiyuan Cash 5" by Su Yin Wealth Management and "Postal Wealth · Change Treasure 19" by China Post Wealth Management, have average annualized yields over seven days exceeding 2.6% in the past six months [8] - "Qiyuan Cash 5" was established on November 25, 2024, and is distributed through channels including Bank of Communications, Ping An Bank, Su Yin Direct Sales, and Industrial Bank Retail [8] - The asset allocation strategy for "Qiyuan Cash 5" focuses on low-risk assets such as bank deposits, repos, interbank certificates of deposit, and securities company bonds, effectively maintaining static returns despite a rapid decline in market interest rates [8]