2026 First-Half Report: Hybrid Wealth Management Products Surpass RMB 1 Trillion, Fixed-Income Dips to RMB
The Banking Wealth Management Registration and Custody Center released its 2026 first-half report, showing hybrid wealth management products reached RMB 1.07 trillion in outstanding scale, up RMB 0.11 trillion from the start of the year, with a share of 3.18%. Fixed-income products fell to RMB 32.48 trillion, down RMB 0.16 trillion, with a share of 96.49%. The shifts reflect structural adjustment under a low-interest-rate environment, though fixed-income products remain dominant.
As of the end of June 2026, the outstanding scale of hybrid wealth management products reached RMB 1.07 trillion, an increase of RMB 0.11 trillion from the beginning of the year, with their share rising to 3.18%, up 0.57 percentage points from the start of 2026. During the same period, the outstanding scale of fixed-income wealth management products stood at RMB 32.48 trillion, a decrease of RMB 0.16 trillion from the beginning of the year, bringing their share down to 96.49%, a decline of 0.60 percentage points. In the second quarter, fixed-income products still maintained a share above 96%, while hybrid products accounted for approximately 3%.
These figures come from the China Banking Wealth Management Market Half-Year Report (2026 First Half). The report shows that the growth in hybrid products contrasts with the decline in fixed-income products, reflecting an adjustment in the product structure of the banking wealth management market amid a low-interest-rate environment. As of the end of June, the share of hybrid products had increased, but fixed-income products still held an overwhelmingly dominant position in the market.