银行理财存续规模超30万亿元

Core Insights - The total scale of the bank wealth management market has surpassed 30 trillion yuan, reaching 30.67 trillion yuan by the end of June 2025, with a cumulative return of 389.6 billion yuan for investors in the first half of the year, representing a year-on-year growth of 14.18% [1][2] Market Performance - The overall yield of wealth management products remained stable, with an average annualized yield of 2.12% in the first half of 2025. The banking sector generated 59.9 billion yuan, while wealth management companies contributed 329.7 billion yuan to investor returns [2] - A total of 132 banks and 32 wealth management companies launched 16,300 new products, raising 36.72 trillion yuan in funds during the same period [2] Product Composition - Fixed income products dominate the market, with a total scale of 29.81 trillion yuan, accounting for 97.2% of the total wealth management products. This represents a slight decrease of 0.13 percentage points from the beginning of the year but an increase of 0.32 percentage points year-on-year [3] - The risk level of wealth management products is generally low, with 29.41 trillion yuan (95.89%) classified as level two (medium-low) or below, while only 0.1 trillion yuan (0.32%) falls into level four (medium-high) or above [3] Operational Models - Open-ended wealth management products have become mainstream, with a total scale of 24.82 trillion yuan, representing 80.93% of the total. This is an increase of 0.13 percentage points from the beginning of the year and 1.06 percentage points year-on-year [4] Investor Demographics - The number of investors holding wealth management products reached 136 million, an increase of 8.37% from the beginning of the year. Individual investors make up 98.66% of this group, totaling 134 million [5] - Among individual investors, those with a risk preference of level two (steady) account for 33.56%, indicating a low risk appetite overall [5] Support for the Real Economy - Wealth management products have supported the real economy with approximately 21 trillion yuan invested in bonds, non-standardized debt, and unlisted equity by the end of June 2025. The total investment assets reached 32.97 trillion yuan, a year-on-year increase of 7.31% [8] - The investment in green bonds exceeded 320 billion yuan, with over 1 trillion yuan allocated to special bonds for initiatives like the Belt and Road and poverty alleviation [9] Pension Products - Personal pension wealth management products have seen significant growth, with a total balance exceeding 15.16 billion yuan, a 64.7% increase from the beginning of the year. The average annualized yield for these products is over 3.4% [10]