On Oct. 17 at the Global Wealth Management Forum 2026 in Shanghai’s Suhewan, Bank of Communications deputy president Zhou Wanfu said low interest rates have prompted households and corporates to reallocate assets, accelerating deposit flows into wealth management, mutual funds and insurance. To address liability-side “deposit financialization,” banks should change operating metrics from deposit balances to total client financial assets and shift liability management from deposit gathering to int

On Oct. 17 at the Global Wealth Management Forum 2026 in Shanghai’s Suhewan, Bank of Communications deputy president Zhou Wanfu said low interest rates have prompted households and corporates to reallocate assets, accelerating deposit flows into wealth management, mutual funds and insurance. To address liability-side “deposit financialization,” banks should change operating metrics from deposit balances to total client financial assets and shift liability management from deposit gathering to integrated AUM (client assets under management) operations.