China's rural financial system has achieved near-universal basic coverage, with outstanding agricultural loans in domestic and foreign currencies exceeding RMB 53 trillion in 2025. However, structural supply-demand imbalances, high operational costs, and risk management pressures persist. Digital credit construction, driven by technology and institutional innovation, is emerging as a critical solution to these challenges, aiming to transform rural inclusive finance from broad coverage to high-quality development.
As of end-June 2026, only 153 banks still offered proprietary wealth management products, with total outstanding scale of RMB 2.48 trillion, declining for two consecutive quarters. Many small and medium banks saw significant reductions, while a few bucked the trend. Wealth management subsidiaries' market share reached 92.13%, and cross-bank distribution channels expanded to 656 institutions. The industry is shifting from self-issuance to agency distribution.
As of end-June 2026, the bank wealth management market had RMB 33.66 trillion in outstanding products, up 1.11% from the start of the year and 9.75% year-on-year. There were 51,200 products, up 10.58% from the start. New products raised RMB 39.21 trillion. Investors earned RMB 305.2 billion, with an average annualized return of 2.05%. Wealth management subsidiaries held 92.63% of the market, with their scale up 13.46% year-on-year.