Because of the recent decline in the bond market, bond assets account for a fairly high proportion in the asset allocation of many bank wealth management products. Therefore, fluctuations in the bond market have led to losses in some bank wealth management products.
However, this is only a symptom of the bank's financial losses, because the fluctuation of the China bond market has always existed, and the decline of the bond market in the past has not brought too obvious impact on the bank's financing.