银行理财含“权”量持续攀升，权益类公募产品扩容至81只

Core Insights - The article highlights the increasing trend of bank wealth management products focusing on equity investments, driven by a low-interest-rate environment and the need for higher returns [2][4]. Group 1: Performance of Wealth Management Products - As of December 25, 2025, three wealth management companies, namely Hangyin Wealth Management, Zhongyou Wealth Management, and Ping An Wealth Management, had products listed in the "Fixed Income + Equity" public offering category, with Hangyin having the most products at five [1]. - The weighted annualized return of the listed products is generally high, with six products exceeding 7% and the top three products from Hangyin Wealth Management surpassing 8% [2]. - The top three products from Hangyin Wealth Management increased their equity asset allocation in Q3 2025, with equity asset proportions of 11.76%, 12.20%, and 8.80% respectively [2]. Group 2: New Product Launches and Market Trends - In December 2025, 19 new equity public offering products were launched by wealth management companies, with Huaxia Wealth Management releasing 18 index-based products linked to various sectors such as brain-computer interfaces and AI healthcare [2]. - Minsheng Wealth Management also introduced a new public offering product linked to the CSI Technology Index, focusing on technology innovation with a high-risk rating [3]. - A total of 81 equity public offering products have been issued by 13 wealth management companies, with over half (44 products) established in 2025, indicating a growing trend in equity investment [3]. Group 3: Market Dynamics and Future Outlook - Despite the increase in the number of equity products, the proportion of equity investments in bank wealth management remains low, accounting for only 2.1% of the total market size as of Q3 2025, with approximately 720.93 billion yuan in equity assets [3]. - The article suggests that bank wealth management is entering a more certain phase for equity investments, with policies encouraging increased equity allocations and various investment strategies like index and thematic investments becoming mainstream [4]. - Wealth management companies are expected to utilize multiple methods, including offline IPOs and cornerstone investments, to participate in capital markets and achieve stable returns [4].