Financial management reforms usher in subtle changes, with regional small and medium-sized banks experiencing differentiation in reducing wealth management products.

“Are you still reducing the scale of existing wealth management products?” Recently, when the reporter communicated with personnel from asset management departments and wealth management business departments of several small and medium-sized banks in Zhejiang, Jilin, Jiangxi, Gansu, Shaanxi, and other regions, the responses were inconsistent. Some told the reporter, “We are basically no longer reducing it,” while others said, “It is still subtly decreasing.” Less than nine months remain until the deadline for the rectification of wealth management business for small and medium-sized banks in 2026. Previously, regulatory authorities in some regions required small and medium-sized banks that have not established wealth management subsidiaries to complete the cleanup and reduction of their existing proprietary wealth management scales by the end of 2026. However, multiple investigations by the reporter found that the situation in some regions is currently undergoing subtle changes. (China Securities Golden Bull)