为投资者创收3896亿元！银行理财上半年还有何亮点

Core Insights - The bank wealth management market in China has shown significant growth in the first half of 2025, with a total scale of 30.67 trillion yuan, marking a year-on-year increase of 7.53% [2][3] - The market generated a total return of 389.6 billion yuan for investors, while the funds supporting the real economy reached 21 trillion yuan [2][3] - The decline in cash management product scales is attributed to lower yields and stricter regulatory policies, leading to decreased attractiveness [3][4] Market Performance - As of June 2025, there were 194 banks and 32 wealth management companies with active products, totaling 41,800 products, an increase of 3.78% from the beginning of the year [2] - Cash management products saw a significant decline, with a scale of 6.4 trillion yuan, representing 25.79% of all open-ended products, down 4.38 percentage points from the start of the year [2][3] Investor Behavior - The proportion of aggressive investors (risk level C5) has increased, indicating a shift in market risk appetite, with stable investors (risk level C2) still holding the largest share at 33.56% [3][4] - The average annualized return for equity-based wealth management products reached 15.06% in 2025, with a notable increase in recent months [4] Distribution Channels - Wealth management companies are expanding their distribution channels beyond their parent banks, with 30 out of 32 companies utilizing additional banks for product sales [5] - The number of institutions distributing wealth management products has increased slightly, with 569 institutions involved as of June 2025 [5] Strategic Recommendations - Leading wealth management subsidiaries are encouraged to enhance their capabilities through financial technology and cross-border investment opportunities [5][6] - Smaller institutions are advised to focus on local market specialization and optimize digital sales systems to reduce operational costs [6]