Fourteen Chinese wealth managers with AUM above 1 trn yuan (six state-owned bank affiliates, eight joint-stock bank affiliates), representing about 76% of the market, saw combined outstanding AUM fall to about 27.002 trn yuan at end-September, a month-on-month outflow of roughly 385 bn yuan. CMB Wealth Management's outstanding AUM reached about 2.96 trn yuan, around 40 bn yuan short of becoming China's first 3 trn yuan wealth manager. Across the market, the banking wealth-management registration

Fourteen Chinese wealth managers with AUM above 1 trn yuan (six state-owned bank affiliates, eight joint-stock bank affiliates), representing about 76% of the market, saw combined outstanding AUM fall to about 27.002 trn yuan at end-September, a month-on-month outflow of roughly 385 bn yuan. CMB Wealth Management's outstanding AUM reached about 2.96 trn yuan, around 40 bn yuan short of becoming China's first 3 trn yuan wealth manager. Across the market, the banking wealth-management registration and custody center records 54,300 active products with combined AUM of 35.37 trn yuan at end-September, up 2.08 trn yuan from 33.29 trn at the start of the year.