非持牌银行自营理财“撤退”理财公司份额已近九成

Core Insights - The report from the Banking Wealth Management Registration and Custody Center indicates a total wealth management product scale of 30.67 trillion yuan as of the end of June, with 32 wealth management companies holding 27.48 trillion yuan, reflecting a growth of 4.44% since the beginning of the year [1] - Non-licensed banks have significantly reduced their self-managed wealth management scale, with some banks reporting a complete reduction to zero, indicating a shift towards wealth management agency services [1][2] Group 1: Wealth Management Market Overview - As of June, the wealth management product scale of 32 licensed companies accounted for 89.61% of the total market, an increase of 1.28 percentage points from the beginning of the year [1] - Five wealth management companies, including Ping An Wealth Management and Huaxia Wealth Management, reported substantial growth in their product scales, with increases of 25.08%, 19.18%, and 17.72% respectively [2] Group 2: Regulatory Impact and Market Dynamics - Regulatory authorities have mandated non-licensed banks to reduce their self-managed wealth management scales, leading to a decrease in the number of banks with active wealth management products, down to 194 from 215 [2][3] - Some banks are exploring transformation strategies, including applying for wealth management company licenses and developing agency sales businesses to adapt to the regulatory environment [3] Group 3: Product Composition and Trends - The majority of wealth management products remain fixed-income products, with their scale generally exceeding 99% among the reported companies [2] - The report highlights a trend of declining self-managed wealth management products among non-licensed banks, with some banks like Zhejiang Haining Rural Commercial Bank reporting a complete cessation of their self-managed products [2][3]