# public funds

Savers Shift: Chinese Bank Wealth Management Shrinks as Retail Money Floods High‑Performing Mutual Funds

In January 2026 Chinese bank wealth‑management balances unexpectedly contracted by about 114.2 billion yuan as retail investors, lured by strong equity market returns and standout public‑fund performance, moved money into mutual funds. The rout was concentrated at major state bank wealth arms while public fund issuance and new account openings surged, highlighting a rapid retail shift toward higher‑volatility, higher‑return instruments.