下调！多家银行理财管理费降至0%

Core Viewpoint - Multiple bank wealth management subsidiaries have initiated a "fee reduction wave," adjusting management and sales fees to enhance product attractiveness and competitiveness in a low-interest-rate environment [1][8]. Fee Adjustments - Nanyin Wealth Management has reduced the fixed management fee from 0.4% to 0.01% and the sales fee from 0.3% to 0.01% for its Yuewen series products, effective from January 14, 2026 [3][4]. - This adjustment means that for an investment of 10,000 yuan, the fixed management fee decreases from 40 yuan to 1 yuan, and the sales fee drops from 30 yuan to 1 yuan [3]. - Jianxin Wealth Management has also announced fee reductions for certain products, with management fees as low as 0.01% per year [4]. Industry Trends - In the past year, numerous wealth management companies have implemented multiple rounds of fee reductions, leading to a significant decrease in fee levels compared to previous periods [7]. - For instance, in July 2025, over ten wealth management companies, including Bank of China Wealth Management and Jianxin Wealth Management, announced fee adjustments with a maximum reduction of 0.25 percentage points [7]. - The overall trend indicates that the industry is under pressure to lower fees, with expectations of more products following suit in the future [8]. Market Outlook - According to CITIC Securities, the ongoing decline in deposit rates and the widening "scissors difference" between deposit and wealth management yields are driving significant capital shifts towards wealth management products [8]. - The "fixed income +" products are anticipated to experience explosive growth in 2026, with an expected annual scale increase of over 1 trillion yuan, potentially pushing the total wealth management market size beyond 35 trillion yuan [8]. - Industry insiders suggest that the fee adjustments are primarily aimed at enhancing product appeal, while the long-term sustainability of ultra-low fees may be challenging for smaller wealth management firms due to operational costs and revenue pressures [8].