At present, the funds raised by wealth management products mainly flow to the normal operation and turnover of some high-quality enterprises in society. It is not clear whether these enterprises will use this part of the funds for other purposes.
Bank wealth management products are different from bank deposits. 50,000 starts generally refers to the bank wealth management products bought. There are two kinds of wealth management products, one is issued by banks, which are responsible for it, and the other is entrusted by banks and issued by other financial institutions. Please be clear when buying. As for the term: under normal circumstances, it will be automatically converted into demand deposits after maturity, unless there is an agreement on renewal.