一季度银行理财规模减少8100亿，理财公司母行代销占比降至 64%

Group 1 - The core viewpoint of the report indicates a slight contraction in the bank wealth management market, with a total scale of 29.14 trillion yuan at the end of Q1 2025, a decrease of 810 billion yuan compared to the end of 2024 [1] - The management scale of wealth management companies has increased, with 25.74 trillion yuan in existing products, accounting for 88.33% of the total market, up 0.48 percentage points from the end of last year [1] - The primary investment direction for wealth management products remains in bonds, with investments in bonds, cash and bank deposits, and interbank certificates of deposit amounting to 13.68 trillion yuan, 7.27 trillion yuan, and 4.20 trillion yuan respectively, representing 43.9%, 23.3%, and 13.5% of total investment assets [1] Group 2 - The proportion of fixed-income wealth management products has slightly decreased, while mixed-asset products have seen a slight increase, with fixed-income products at 28.33 trillion yuan, accounting for 97.22% of the total, down 0.11 percentage points [2] - Wealth management companies are expanding distribution channels beyond their parent banks, with the proportion of products sold through parent banks dropping from around 71% to about 64% [2] - Wealth management products actively support the real economy, with investments in bonds, non-standardized debt assets, and unlisted equity supporting approximately 20 trillion yuan in total [2] Group 3 - In Q1 2025, the wealth management market issued 33 ESG-themed products, raising over 20 billion yuan, with a total scale of nearly 300 billion yuan at the end of the quarter [3] - The industry continues to launch specialized products, with nearly 300 themed products such as specialized and innovative, rural revitalization, Greater Bay Area, and green low-carbon, totaling over 100 billion yuan in scale [3]