银行理财市场发行量环比下滑，部分产品兑付收益回暖

Group 1 - The core viewpoint of the report indicates a decrease in the number of newly issued bank wealth management products, while performance benchmarks show a mixed trend, with some maturing products showing signs of recovery in returns [1][3] Group 2 - Last week, a total of 567 new wealth management products were issued, representing a decrease of 51 products or 8.25% compared to the previous week [1] - Among the new products, 115 were open-ended, a significant decrease of 19.01%, with an average performance benchmark of 1.91%, up by 0.21 percentage points [1] - Closed-end products saw 452 new issuances, down by 5.04%, with an average performance benchmark of 2.33%, slightly down by 0.03 percentage points [1] - Wealth management companies remain the main contributors, issuing 408 new products, a decrease of 67 products, accounting for 71.96% of the total market issuance [1] - The average performance benchmark for open-ended products from wealth management companies was 1.85%, up by 0.18 percentage points, while closed-end products averaged 2.34%, down by 0.04 percentage points [1] Group 3 - There were 15,644 wealth management products available in the market, a decrease of 41 products from the previous week [2] - Wealth management companies held 13,128 of these products, representing 83.92% of the market share [2] - The total number of existing wealth management products reached 43,752, an increase of 105 products [2] - Fixed-income products dominated with 40,794 offerings, an increase of 101 products [2] - The average annualized yield for open-ended fixed-income wealth management products (excluding cash management) from wealth management companies was 2.95%, down by 0.14 percentage points [2] Group 4 - A total of 7,845 wealth management products matured last week, an increase of 33 products [2] - Among these, 7,395 were open-ended and 450 were closed-end products, with fixed-income products accounting for the majority at 7,465, an increase of 49 products [2] - Wealth management companies had a significant share of maturing products, with 6,966 products, an increase of 43 products, representing 88.8% of the total maturing products [2] Group 5 - The average annualized payout yield for maturing open-ended fixed-income wealth management products from wealth management companies was 2.43%, down by 0.01 percentage points, lagging behind the average performance benchmark by 0.44 percentage points [3] - In contrast, the average annualized payout yield for maturing closed-end fixed-income wealth management products across the market was 2.68%, up by 0.12 percentage points, indicating a clear recovery trend [3]