Wealth Management and Fundraising Battle Escalates: The 20 Trillion Yuan Club Expands, and Agency Distribution Channels Become the Decisive Factor

【Wealth-Management Fundraising Battle Escalates: The Two-Trillion-Yuan Club Expands, Distributorship Channels Become the Decisive Factor】China Financial Information Network (CaiLianShe) reported on April 8 that, recently, wealth-management companies have successively released their 2025 second-half wealth-management business reports. Combined with the 2025 annual reports published by listed banks, the reporter found that last year, many wealth-management companies’ management scale grew significantly. The Two-Trillion-Yuan Club expanded to include five companies: CMB Wealth Management, Xingyin Wealth Management, Xinyin Wealth Management, Agricultural Bank of China Wealth Management, and Industrial and Commercial Bank of China Wealth Management. When reviewing the reasons behind the growth in scale, multiple wealth-management companies mentioned expansion of their distributorship channels and optimization of product layouts. With an opportunity for residents to reallocate fixed-term deposits, the development outlook for the wealth-management industry is promising. For wealth-management companies, putting in efforts to improve customer service and enhance investors’ holding experience and sense of gain is an essential “must-answer” question. (China Securities Journal)