上半年银行理财规模站上30万亿元

Core Insights - The banking wealth management market in China reported a total scale of 30.67 trillion yuan as of June 2025, reflecting a 2.38% increase from the beginning of the year and a 7.53% year-on-year growth [2][4] - The average annualized yield of wealth management products in the first half of the year was 2.12%, generating a total return of 389.6 billion yuan for investors, which is a 14.18% increase compared to the same period last year [2][5] - There has been significant growth in personal pension wealth management, with the number of accounts exceeding 1.439 million, marking a 46.2% increase since the beginning of the year [2] Investment 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, showing 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] - Mixed products have a scale of 0.77 trillion yuan, representing 2.51% of the total, with a slight increase of 0.07 percentage points from the beginning of the year but a decrease of 0.22 percentage points year-on-year [3] - Equity products and commodity/financial derivatives are relatively small, with scales of 0.07 trillion yuan and 0.02 trillion yuan, respectively [3] Operational Trends - Open-ended wealth management products are increasingly favored, with a total scale of 24.82 trillion yuan, making up 80.93% of all wealth management products, which is an increase of 0.13 percentage points from the beginning of the year and 1.06 percentage points year-on-year [3] - Cash management products account for 6.4 trillion yuan, representing 25.79% of open-ended products, but have seen a decrease of 4.38 percentage points from the beginning of the year and 7.09 percentage points year-on-year [3] Market Drivers - The growth of the wealth management market is attributed to the continuous decline in deposit rates, leading investors to seek safer and more stable returns through bank wealth management products [4] - The number of investors holding wealth management products reached 136 million, an increase of 8.37% since the beginning of the year [4] - Increased awareness of asset allocation among individual investors has led to a greater demand for diversified investment channels, with bank wealth management products standing out due to their transparency and strict regulation [5]