In July, a significant shift in household savings patterns emerged, with new deposits declining by RMB 1.1 trillion while deposits in non-bank institutions surged by RMB 2.14 trillion. This shift underscores a movement of residents' savings towards asset management products, including funds and financial management products. Riding this wave, the top 14 financial management companies, ranked by size, collectively witnessed a net increase in their assets under management (AUM), amounting to nearly RMB 1.8 trillion, or approximately $254 billion.