BEIJING, Aug. 16 (Xinhua) -- The number of investors holding wealth management products in the banking market exceeded 61.37 million in China by the end of June, up 137.71 percent from the previous year, according to a report focused on wealth management market of Chinese banking sector recently released, the Xinhua-run Shanghai Securities News reported Saturday.
In the first half of 2021, thanks to the continuous issuance of new products and the lower threshold for minimum buying amount of products after the new financial management regulations, the number of investors holding wealth management products has increased significantly, and investors' acceptance of net-worth products has increased.
As of the end of June, the number of investors holding net-worth wealth management products accounted for 94.80 percent of the total, with an increase of about 24 percentage points from the same period last year.
At the same time, against the background of the steady decline of market interest rates and the break-through of the rigid payment in asset management industry, the yield of wealth management products remained stable with the highest weighted average yield reaching 3.97 percent and the lowest yield of 2.96 percent.
Among them, the weighted average yield of wealth management products in June was 3.52 percent, 42BP higher than the 10-year treasury bond yield.
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
A single purchase
