规模增长！11月理财规模达到3.16万亿元

Core Insights - The total scale of bank wealth management reached 3.16 trillion yuan by the end of November, marking a 6% year-on-year increase [1] - The number of existing wealth management products totaled 45,132, reflecting an 11.69% growth compared to the end of November last year [1] Group 1: Product Types - Fixed income products saw the fastest growth, with a total scale of 2.42 trillion yuan, up 12.78% year-on-year, accounting for 76.57% of the total wealth management products, an increase of 4.52 percentage points from the previous year [2] - Cash management products experienced a significant reduction, with a scale of 6.61 trillion yuan, down by 1.02 trillion yuan year-on-year, representing 20.88% of the total, a decrease of 4.72 percentage points [2] - Equity products also saw a slight decline, with a scale of 24.598 billion yuan, down 17.11 billion yuan year-on-year, making up 0.08% of the total, a decrease of 0.01 percentage points [2] Group 2: "Fixed Income +" Products - "Fixed income +" products have diversified, primarily using fixed income assets like bonds to provide basic returns, supplemented by a certain proportion of equity assets to enhance yields, appealing to investors seeking low volatility and stable returns [3] - Examples include "fixed income + preferred shares" and "fixed income + convertible bonds," which have been well-received in the market [3] Group 3: Performance and Trends - The issuance of wealth management products continued to grow, with 2,321 new products launched in November, an increase of 441 from the previous month, with over 70% of new products being open-ended [4] - The average annualized yield for open-ended fixed income products reached 2.79%, up 0.35 percentage points month-on-month, while closed-end products saw a yield of 3.38%, an increase of 0.87 percentage points [4] - The recovery in yields is attributed to declining deposit rates and seasonal market changes, particularly as year-end approaches, which typically tightens the money market [4] Group 4: Cash Management Product Yields - Cash management products have seen a decline in yields, with the average annualized yield for the past seven days at 1.26%, down 0.02 percentage points month-on-month [5] - The one-month average yield was 1.27%, also down 0.02 percentage points, while the three-month yield averaged 1.28%, down 0.02 percentage points [5] - The one-year average yield stood at 1.44%, down 0.04 percentage points, and the average yield since inception was 1.57%, down 0.03 percentage points [5]