(report: 3 trillion yuan of wealth management products in Shanghai by the end of 2022)-according to the 2022 Annual report of the Bank of Shanghai Insurance Asset Management Industry released by the joint meeting of insurance asset management agencies of the Bank of Shanghai recently, by the end of 2022, the scale of wealth management products in Shanghai has been 3 trillion yuan. The transformation of net worth of financial products has achieved initial results, with net worth products accounting for about 95%. Chinese and foreign corporate banks within the jurisdiction of Shanghai have cleared all the old products that do not comply with the new regulations on asset management, and there are no cases left over for disposal. In February 2022, Shanghai was included in the pilot city of pension financial management products. By the end of 2022, 9 pilot financial management companies have issued a total of 42 pension financial management pilot products in Shanghai, with a survival scale of 10.5 billion yuan. By the end of 2022, 10 insurance asset management companies in Shanghai had entrusted assets under management totaling more than 12 trillion yuan, accounting for 56 percent of the country's total. The scale of trust products managed by seven trust companies under the jurisdiction of Shanghai is 1.36 trillion yuan, accounting for 6.4% of the national total.