China’s outstanding bank wealth management products reached RMB 35.4 trillion ($5.3 trillion) at the end of September, reports Caixin. The figure hit a recent high as investors shifted funds toward relatively safer investments.
The balance rose 10.1% from a year earlier and was RMB 1.7 trillion higher than at the end of 2025, according to a quarterly report from Banking Wealth Management Registration and Custody Center. The market had 54,300 active products, which generated RMB 141.7 billion in returns for investors during the third quarter. Banks’ wealth management subsidiaries accounted for 93.1% of outstanding assets.
Bonds remained the largest portfolio component, accounting for 41% of investments, or RMB 15.4 trillion. Cash and bank deposits represented 28.2%, followed by interbank certificates of deposit at 9.3%. Mutual funds’ share rose to 7.9%, or nearly RMB 3 trillion, up 0.9 percentage points from the end of June.