Market Overview - The bond market maintained a strong oscillating trend, supported by both liquidity and policy expectations [2] - The equity market experienced an upward trend, with the technology sector leading the gains; the Shanghai Composite Index rose by 2.88%, the Shenzhen Component Index increased by 4.73%, and the ChiNext Index surged by 8.05% [2] Fund Performance - As of October 27, 2025, there were 26,907 active public wealth management products, with a comprehensive net asset value breach rate of 0.68% for bank wealth management [3] - The breach rates for equity and mixed wealth management products were 23.53% and 2.75%, respectively, while fixed income public wealth management products had a breach rate of 0.53% [3] New Product Issuance - A total of 468 wealth management products were issued by 30 wealth management companies from October 20 to October 24, 2025, with major issuers being state-owned banks [4] - The new products primarily consisted of R2 (medium-low risk), closed-end net value type, and fixed income public products, with only 10 mixed products issued and no new equity or derivative products [6] Product Pricing - Pricing for newly issued products varied, with those maturing in less than one month and over three years experiencing significant changes; products maturing in over three years dropped to 2.15%, a decrease of 64 basis points, while those maturing in less than one month fell below 2% to 1.94% [6] Product Innovation - 招银理财 launched a self-selected account date wealth management product, allowing investors to set their expected fund arrival date at the time of subscription, with the earliest option being the eighth working day after the subscription date [9] Weekly Returns - As of October 27, the average net value growth rate for public RMB wealth management products was 0.06% over the past week, with fixed income and mixed products also at 0.06%, while equity products reported a negative growth rate of -0.7% [10] Cash Management Products - The average annualized yield for cash management public wealth management products was 1.293% for RMB, 3.730% for USD, and 2.730% for AUD [13] - Approximately 8.99% of RMB public wealth management products reported negative returns over the past week, with fixed income, mixed, and equity products showing negative return ratios of 7.73%, 28.77%, and 61.82%, respectively [13] Industry Trends - As of the end of Q3 2025, the total scale of the bank wealth management market reached 32.13 trillion yuan, a year-on-year increase of 9.42%, with 43,900 active products, marking a 10.01% increase [15]
三季度末银行理财站上32万亿，招银推出自选到账日理财
2 1 Shi Ji Jing Ji Bao Dao·2025-10-29 02:29