Four Sichuan Banks Enter Substantive Phase in Joint Wealth Management Company Preparation

21世纪经济··CN·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

The latest progress has been made in the establishment of a wealth management company led by Sichuan Rural Commercial United Bank, together with Bank of Sichuan, Bank of Chengdu, and Chengdu Rural Commercial Bank. Preparatory work has now entered a substantive phase, with a dedicated working group formed and each bank assigning key business personnel. Analysts note that behind the joint pursuit of a license by multiple banks is the broader trend of shrinking proprietary wealth management scale at small and medium-sized banks that have not yet set up wealth management subsidiaries. According to the China Banking Wealth Management Registration and Custody Center's semi-annual report on the Chinese banking wealth management market for the first half of 2026, as of end-June, 32 wealth management companies had outstanding products totaling 31.18 trillion yuan, accounting for 92.63 percent of the entire market, while 153 banking institutions held only 2.48 trillion yuan in proprietary wealth management, down 22.26 percent year-on-year. Industry insiders point out that in the past six months, dozens of banks have stopped issuing new proprietary wealth management products, and the pace of industry clearance continues to accelerate.

Impact on assets 1

Others▲ · 1 stocks
Bank of Chengdu Co Ltd
601838
▲ PositiveRegulationrelevance

Bank of Chengdu is one of the four banks jointly preparing a wealth management company, entering substantive phase.

Off-coverage companies 2

四川农商联合银行Private▲ Positive
Regulationrelevance

Sichuan Rural Commercial United Bank leads the joint preparation of a wealth management company, entering substantive phase.

四川银行Private▲ Positive
Regulationrelevance

Bank of Sichuan is one of the four banks jointly preparing a wealth management company, entering substantive phase.

© 2026 MarketIVNews