, although the average expected rate of return on wealth management products has been on a downward trend, it still maintains a return of more than 5%. However, in July, the average expected rate of return on non-structural wealth management products fell below 5%, and only over 6% of high-yield products were only 90, a decrease of 47.37% from the previous quarter, and high-yield products shrank sharply.
Relevant data show that in July, a total of 148 commercial banks issued a total of 5,144 wealth management products, an increase of 2.12%. The average expected return of unstructured currency wealth management products fell below 5% to close at 4.94%, and the average income of wealth management products with a term of more than one month showed a different degree of decline. The reason is that, on the one hand, the liquidity released by the central bank to cut interest rates at the end of June has gradually been transmitted to the currency market, affecting the expected benefits of wealth management products. On the other hand, the adjustment of the stock since June has enabled the regulatory authorities to strengthen the supervision of the bank's wealth management funds. The scale of the bank's wealth management funds participating in the two-in-one business has fallen sharply, and the high returns from participating stocks have been cut.
The number of high-yield wealth management products has also been greatly reduced. The product circulation of over 6% of revenues has shrunk sharply. Only 90 models were issued in the whole month, a decrease of 47.37% from the previous month. Most banks have no non-structural financial management with over 6% income. product.
In this regard, Yan Zijie, a psychology analyst in a financial research, told reporters that from the current macroeconomic situation, monetary policy has further easing expectations, and the expected yield of bank wealth management products will continue to decline. There will be fewer and fewer high-yield products, especially non-structural wealth management products with a revenue of over 6%. For investors who are partial bank wealth management products, if they expect to obtain higher returns, it is very important to choose products and seize the purchase opportunities. It is recommended to conduct more inquiries before purchase, for some city commercial banks and joint-stock banks. High-yield wealth management products should be purchased in a timely manner.