China’s Bank Wealth Management Product Balance Drops 16.13% YoY in 2019


PY Standard has just released its report on the state of the bank wealth management product (WMP) sector in China in 2019.

According to the “PY Standard – Bank Wealth Management Capability Ranking” (普益标准·银行理财能力排名) as of the end of 2019 the Chinese market was host to 91,921 outstanding commercial bank WMP’s (not including foreign-invested banks), for a reduction of 17,257 products compared to 2018, and a YoY decline of 15.81%

The total outstanding WMP amount was 26.84 trillion yuan, for a reduction of 5.16 trillion yuan, or 16.13%, compared to the end of 2018.

The outstanding non-guaranteed WMP amount was 24.81 trillion yuan, for an increase of 2.77 trillion yuan, or 12.57%, compared to the end of 2018.

China’s top five national commercial banks in terms of overall WMP capability in 2019 were:

  1. Industrial Bank Co.,
  2. China Merchants Bank,
  3. China Everbright Bank,
  4. Industrial and Commercial Bank of China,
  5. Huaxia Bank.

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