Altogether 161 commercial banks issued 4,634 wealth management products (WMP) in September, down 2.17 percent from the previous month, according to statistics released by financial information agency Yinhang.com on Wednesday.
The average expected return rate of non-structural RMB WMP came to 4.63 percent in September, down 0.1 percentage points month on month; while the average expected return rate of structural RMB WMP stood at 5.69 percent, down 0.23 percentage points from August.
Analyst from yinhang.com contributed the decline of return rate of WMP to relaxed monetary policy and lack of high return investment channel amid the de-inventory process of the economy and structural adjustment.
In addition, some wealth management projects can realize repayment in advance by seeking capital with lower cost against the backdrop of falling interest rates, which led to termination of some medium and long-term WMP ahead of time, and investors should pay attention to such risk.
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