创收3896亿元！银行理财半年报出炉

Core Insights - The average annualized yield of wealth management products in the banking sector for the first half of 2025 was 2.12%, generating a total return of 389.6 billion yuan for investors, which represents a year-on-year increase of 14.18% [1] - As of the end of June 2025, the total outstanding scale of the banking wealth management market reached 30.67 trillion yuan, reflecting a 2.38% increase from the beginning of the year and a 7.53% increase year-on-year [1] - The market share of wealth management companies has risen, with their products accounting for 89.61% of the total market, amounting to 27.48 trillion yuan, which is a 4.44% increase from the beginning of the year and a 12.98% increase year-on-year [1] Wealth Management Company Performance - As of June 2025, the outstanding wealth management product scales for Hengfeng Wealth Management, Huaxia Wealth Management, and Su Yin Wealth Management grew significantly compared to the end of 2024, with increases of 25.08%, 19.18%, and 17.72%, reaching 207.54 billion yuan, 993.11 billion yuan, and 745.38 billion yuan respectively [2][3] - Meanwhile, the scale of wealth management products for Qingyin Wealth Management decreased by 4.94% to 18.94 billion yuan, while Puyin Wealth Management saw a modest increase of 1.91% to 1294.82 billion yuan [2][3] Market Trends - The report indicates a structural reduction in self-managed wealth management scales among non-licensed banks, with some banks experiencing declines exceeding 40% in their outstanding product scales [4] - The total outstanding scale of cash management products has decreased by 0.9 trillion yuan to 6.4 trillion yuan, while the scales of medium to high-risk wealth management products have increased [5] - Fixed income products continue to dominate the market, with a total outstanding scale of 29.81 trillion yuan, accounting for 97.2% of all wealth management products [5] Investor Composition - The majority of investors in the wealth management market are individual investors, totaling 134 million, which represents 98.66% of the market, while institutional investors number 1.82 million, accounting for 1.34% [6] - There has been a slight increase in the number of institutional investors, with a notable rise in the proportion of conservative and aggressive individual investors compared to the previous year [6]