The report recently released by the People's Bank of China shows that the total asset balance of asset management at the end of 2025 will reach 120 trillion yuan, a year-on-year increase of 13.1%. The scale of asset management products is growing rapidly, and the newly added assets are mainly invested in interbank deposits and certificates of deposit. According to the report, by the end of 2025, the allocation of interbank deposits and certificates of deposit for asset management products amounted to 28.7 trillion yuan, a year-on-year increase of 18.9%. The cumulative increase for the whole year was 4.6 trillion yuan, accounting for about 50% of the newly added underlying assets of asset management, and the proportion increased by more than 20 percentage points compared to the same period last year. The report emphasizes that as China's financial market continues to deepen, direct financing accelerates its development, financing channels become more diverse, and the allocation and selection of household savings assets between financial assets such as bank deposits and asset management products will become more diverse. (New Society)