February financial management scale increased, and the yield rate rebounded

【Source: Global Times】

【Global Times Financial Report】In February, the scale of wealth management products shows a clear seasonal increase. According to Huayuan Securities, as of the end of February 2026, the total scale of wealth management products reached 33.3 trillion yuan, an increase of 0.8 trillion yuan from the end of the previous month.

Market analysts believe that in January, banks typically focus on boosting deposits and loans, and wealth managers may guide clients to redeem wealth management products temporarily to increase deposit levels. Additionally, the regulatory measures to standardize the “ranking” chaos of wealth management returns in January may have also temporarily impacted growth. Huayuan Securities estimates that the wealth management scale rebounded by about 0.8 trillion yuan in February, driven by low deposit interest rates and the issuance of year-end bonuses by many companies before the Spring Festival, leading to a noticeable increase in February. The scale of wealth management products is expected to grow by about 3 trillion yuan in 2026.

In terms of returns, Huachuang Securities statistics show that the weighted average return of the entire wealth management market increased mildly by 71 basis points in December to 1.95% (from 1.25%), gradually moving away from the year’s lows; in January 2026, it surged by 176 basis points to 3.72%, reaching a new high since 2025, mainly driven by commodity, option, and fixed-income+ products.

Regarding categories, data from Puyi Standard monitoring shows that among products on sale, the average benchmark performance of open-ended mixed products in February was 3.3%, while fixed-income products averaged 1.98%; closed-ended mixed products averaged 2.26%, and closed-ended fixed-income products averaged 2.38%.

However, the performance benchmarks of newly issued products continue to trend downward. According to Xiangcai Securities, from the beginning of the year to now, the average performance benchmark of newly issued wealth management products is 2.45%, which is 0.06 percentage points lower than the average benchmark of newly issued products over the past year. Among them, the performance benchmark of newly issued fixed-income wealth management products is 2.44%, 0.05 percentage points lower than the average benchmark of newly issued products over the past year. (Wen Hui)