创收3896亿元！银行理财半年报出炉

Core Viewpoint - The report indicates a positive trend in the banking wealth management market, with an increase in average annualized returns and total assets under management, while some non-licensed banks are experiencing significant reductions in their self-managed wealth management scales [1][3]. Group 1: Market Performance - In the first half of 2025, the average annualized return of wealth management products was 2.12%, generating a total profit of 389.6 billion yuan for investors, which is a 14.18% increase compared to the same period last year [1]. - As of the end of June 2025, the total scale of the banking wealth management market reached 30.67 trillion yuan, reflecting a 2.38% increase from the beginning of the year and a 7.53% year-on-year growth [1]. Group 2: Company Market Share - The market share of 32 wealth management companies has increased, with their products accounting for 89.61% of the total market, amounting to 27.48 trillion yuan, which is a 4.44% increase from the beginning of the year and a 12.98% year-on-year increase [3]. - Notable growth in product scale was observed in companies such as Hengfeng Wealth Management (25.08%), Huaxia Wealth Management (19.18%), and Su Yin Wealth Management (17.72%) [4]. Group 3: Non-Licensed Banks - Many non-licensed banks have reduced their self-managed wealth management scales significantly, with some banks experiencing declines of over 40% in their product scales [5]. - For instance, Taizhou Bank's wealth management product scale decreased by 48.48% to 240.8 million yuan, while Hebei Bank's scale dropped by 45.05% to 11.998 billion yuan [5]. Group 4: Product Composition and Investor Structure - The report shows a continued decrease in the scale of cash management products, down by 0.9 trillion yuan to 6.4 trillion yuan, while fixed-income products still dominate the market, accounting for 97.2% of the total scale [6]. - The investor structure remains predominantly individual, with 98.66% being individual investors, while institutional investors have seen a slight increase [7].