银行理财市场规模逾三十三万亿元 去年累计新发产品超三万三千只

Core Insights - The report indicates that by the end of 2025, the total scale of the bank wealth management market will reach 33.29 trillion yuan, reflecting an 11.15% growth from the beginning of the year [1] - A total of 3.34 million new wealth management products were issued throughout the year, raising 76.33 trillion yuan [1] - The overall yield of wealth management products remained stable, generating a total return of 730.3 billion yuan for investors, which is a 2.87% increase compared to 2024 [1] Product Types - As of the end of 2025, the scale of fixed-income products was 32.32 trillion yuan, accounting for 97.09% of the total wealth management products, a decrease of 0.24 percentage points from the beginning of the year [1] - The scale of mixed products was 0.87 trillion yuan, representing 2.61% of the total, an increase of 0.17 percentage points [1] - Equity products and commodity and financial derivative products had relatively small scales, at 0.08 trillion yuan and 0.02 trillion yuan, respectively [1] Product Duration - The weighted average duration of newly issued closed-end wealth management products in 2025 ranged from 322 days to 489 days, providing a long-term stable funding source for the market [1] - By the end of 2025, the scale of closed-end products with a duration of over one year accounted for 70.87% of all closed-end products, an increase of 3.72 percentage points from the beginning of the year [1] Risk Levels - As of the end of 2025, wealth management products with a risk level of two (medium-low) and below had a total scale of 31.87 trillion yuan, making up 95.73% of the total wealth management products [2] - Wealth management products with a risk level of four (medium-high) and above had a scale of 0.08 trillion yuan, accounting for 0.24% of the total [2]