Joint venture financial management scale increased by 50% in the first half of the year. Product innovation is a key focus for the future.

Joint venture wealth management companies are striding forward on the road. According to data from PY Standard, as of July 17, the total assets under management of 5 joint venture wealth management companies reached 188 billion yuan, an increase of over 50% from the beginning of the year. Among them, both the management scale of Credit Agricole CIB and Bank of Nanjing Wealth Management, and BlackRock CCB Wealth Management has seen a significant increase since the beginning of the year, while Schroder CMB Wealth Management's management scale has also been steadily increasing. Market experts say that in the context of the "movement of deposits", many joint venture wealth management companies adhere to a prudent operating style, providing customers with stable returns and driving the growth of product scale. At the same time, product innovation has become a tool for the expansion of joint venture wealth management companies' scale.