The scale of the top ten wealth management companies has shrunk by more than 600 billion! The “expiration tide” is approaching, and each will make another move

After the new asset management regulations, by the end of last year, all wealth management products with guaranteed capital and interest in my country have been cleared. Therefore, from 2022 onwards, all newly issued wealth management products by banks will break the rigid payment and implement net value, that is, they cannot guarantee capital and interest. up. Since November, due to the rise in bond yields, major wealth management companies have sold bonds, and the scale of assets under management has shrunk. As the year-end maturity tide is approaching, each wealth management company can only show its skills to tide over the difficulties.

For wealth management companies, some unexpired closed-end wealth management products, even if they are currently broken, because they cannot be redeemed immediately, there is no risk. It’s just that the bank’s wealth management products that expired in December put pressure on banks. All banks have also taken preventive injections early, and it is also an expedient measure to set limits on the redemption time limit and single-day redemption amount. Of course, banks use their own reputation advantages to quickly launch cash wealth management products to meet urgent needs. Although major wealth management companies acted prudently in the first year of implementing net worth, this will become the norm in the future, and investors will gradually learn to accept it.