The growth rate of wealth management subsidiaries shows a gap: two leading institutions report losses while followers are quickly emerging.

Golden Ten Data reported on April 11 that with the disclosure of the 2024 annual reports of listed banks, the annual results of its wealth management companies gradually surfaced. As of press time on April 10, the 2024 "report cards" of 16 wealth management companies have been exposed. After experiencing the test of net-worth transformation and "redemption tide", the bank wealth management market will gradually recover in 2024, and the product scale and net profit of most wealth management companies will show a year-on-year growth trend, with some companies achieving a scale growth rate of more than 30% or a net profit growth rate of more than 158%. At the same time, the relevant data of some wealth management companies declined year-on-year. In 2024, the policy will continue to guide the flow of wealth management funds to the real economy, incarnating "patient capital". Industry insiders said that in the environment of declining market interest rates and continuous asset shortages, wealth management companies should adjust the underlying investment logic, reflect diversity in product structure and asset allocation, and attach importance to the allocation of multiple assets and strategies.

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