In the first half of the year, Su Yin and Ning Yin's wealth management scale increased by k billion, while Jianxin decreased by 2 k billion.

GoldenOctober2024

Jin10 data reported on August 7, “The scale of our peers has risen too much this year, which has put a lot of pressure on us, with a growth of over 60 billion, surprisingly ranking at the bottom among peers,” said a wealth management subsidiary personnel from a city commercial bank as the year approached its midpoint. Recently, some wealth management subsidiaries’ scale growth data for the first half of this year shows that city commercial bank wealth management subsidiaries generally achieved very outstanding scale growth in the first half of this year, with some leading city commercial bank wealth management subsidiaries having already exceeded a 20% growth in scale compared to the beginning of the year. Specifically, among city commercial bank wealth management subsidiaries, the one with the largest scale growth is Ningyin Wealth Management, which reached a scale of 6010.90 billion by the end of June, an increase of 26.94% compared to the beginning of the year; followed by Suyin Wealth Management, which remains the largest among city commercial bank wealth management subsidiaries at 7453.81 billion, with a growth of 17.72% compared to the beginning of the year. In contrast to the scale growth of the aforementioned wealth management subsidiaries, the major state-owned bank wealth management subsidiaries have seen significant declines in scale this year. For example, ICBC Wealth Management’s scale has declined by around 180 billion; ABC Wealth Management’s scale has decreased by around 220 billion; and CCB Wealth Management’s scale has also dropped by over 200 billion. However, Jiaoyun Wealth Management and Zhongyou Wealth Management have bucked the trend and grown against the market, with scales rising by 69.4 billion and 179.4 billion respectively.

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