俄罗斯财长：调整预算规则中的纳入国家财富基金的油价点（cut-off oil price）是个难题，必须谨慎行 事。 （国际文传电讯社） ...

近年来，中国银行业正经历着深刻的变革。存款利率持续走低，已跌破历史低点，3年期存款利率从 3.5%以上骤降至2.35%，迫使储户重新审视个人财富管理策略。与此同时，银行业务模式也发生了显著 转变：传统的高息揽存和贷款业务正逐渐让位于更广泛的中间业务，例如投资理财、基金和保险代销， 以及为高净值客户定制个性化投资组合。便捷的线上银行服务也日益普及，各大银行纷纷推出手机 APP，客户可随时随地办理转账、缴费、查询余额等业务，无需再奔波于银行网点。 然而，存款利率的下调并非偶然。这背后是宏观经济环境的深刻影响：企业融资成本居高不下，实体经 济低迷，优质投资项目匮乏，中小银行经营面临严峻挑战。为刺激经济增长，降低融资成本，银行不得 不持续下调存款利率，鼓励储户将资金投入消费和投资。 总而言之，在当前复杂的经济环境下，储户需要积极适应变化，提升自身的金融素养，采取更稳健、多 元化的财富管理策略，才能更好地保护自身资产，实现财富的保值增值。 " 资产配置 1 p T 一、分散存款风险，避免"把所有鸡蛋放在一个篮子里"。 许多储户，为了追求更高的利息，将资金集 中存入中小银行。然而，中小银行的经营风险相对较高，一旦发生财务 ...

Core Insights - The article highlights the significant imbalance in wealth distribution among Chinese households, despite the impressive total savings figures [3][5][7] Group 1: Savings Data - As of the end of October 2023, China's total deposits reached 287.28 trillion yuan, with personal deposits amounting to 134.98 trillion yuan, resulting in an average personal deposit of 95,600 yuan per capita [3] - International comparisons show that while the average savings appear substantial, China ranks only 69th globally in terms of per capita savings, indicating a middle to lower position compared to developed countries [3] Group 2: Wealth Distribution - A stark disparity exists in wealth distribution, with only 2% of depositors holding 80% of the total deposits, while 98% of depositors share just 20% of the wealth [5] - Approximately 90% of households in China have savings of less than 100,000 yuan, reflecting the limited financial resources of the majority [5] Group 3: Financial Pressures - Over 86% of workers earn less than 5,000 yuan per month, with only 14% classified as high-income earners, leading to significant financial strain on households [5] - The high cost of living, education expenses, and social obligations further exacerbate the difficulty for families to save [5] Group 4: Debt Levels - As of October 2023, the total loan balance for Chinese residents reached 75.23 trillion yuan, with housing loans constituting 44.64 trillion yuan, placing a heavy burden on many families [5][7] - Nearly 90% of individuals born in the 1990s carry consumer debt, averaging 130,000 yuan, resulting in minimal savings for this demographic [7] Group 5: Behavioral Changes and Investment Limitations - The COVID-19 pandemic has shifted savings behavior, with individuals prioritizing bank deposits as a precaution against potential risks, rather than genuine wealth growth [7] - Limited investment options in China compared to developed nations lead many to prefer the safety of bank deposits, contributing to the increase in savings [7] Group 6: Conclusion - The substantial personal savings figures mask the underlying issues of wealth inequality and financial pressure faced by most households, highlighting the need for improved income distribution mechanisms and social security systems [7]

Core Viewpoint - The domestic monetary easing environment is expected to continue, with the possibility of further deepening low interest rates, leading to a decline in the holding experience of broad fixed-income products [1][2][3] - Residents may gradually move out of their comfort zone of long-term fixed-income assets and shift their focus towards the stock market, considering net worth products that include equity assets, in line with their risk tolerance [1][3] Market Overview - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.79%, the Shenzhen Component down by 1.21%, and the ChiNext Index decreasing by 1.36%, with a total market turnover of 12,808 billion [5] - The Hong Kong market also saw declines, with the Hang Seng Index down by 1.99% and the Hang Seng Tech Index down by 2.42% [5] Investment Strategy - In the current market context, it is suggested to consider flexible high-low cuts while being cautious about chasing high-valued and crowded assets, and to shift towards sectors that are temporarily lagging but have policy support and good long-term development potential, such as technology [1][3] - Investment products such as the Silverhua Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence ETF and actively managed funds are recommended for investors looking to enter the AI sector [4] Regulatory Environment - The Financial Regulatory Bureau has issued guidelines to life insurance companies regarding the regulation of dividend levels, prohibiting arbitrary increases in dividend levels that deviate from actual asset-liability and investment income situations [3] Global Economic Context - The Federal Reserve has maintained the federal funds rate in the range of 4.25% to 4.50%, with expectations of a potential 50 basis point cut by the end of 2025 [5] - Japan's exports fell by 1.7% year-on-year in May, raising concerns about a technical recession amid the impact of tariffs [9]

Core Insights - JD Finance has launched an AI wealth management tool named "Jing Xiaobei," which utilizes multi-model fusion and multi-agent collaboration to enhance investment opportunities and provide a smarter wealth management experience [1] Group 1: Multi-Model Fusion - Jing Xiaobei integrates a hybrid large model system that combines general capabilities with specialized financial models, enhancing financial analysis and decision-making [2] - The tool accesses vast amounts of structured and unstructured financial data, including real-time market data and macroeconomic indicators, to respond quickly to market dynamics [2] - For example, in fund diagnostics, Jing Xiaobei can analyze market trends and generate multi-dimensional quantitative evaluation reports to support user decision-making [2] Group 2: Risk Mitigation - Jing Xiaobei addresses AI "hallucination" risks by utilizing data from the JD Finance platform and employing methods like position analysis and risk preference tracking [3] - The system establishes a dynamic data lineage tracking system to ensure data reliability and automatically monitors asset portfolio deviations, triggering risk alerts when necessary [3] Group 3: Comprehensive Service Innovation - The product features five core functions: investment opportunities, intelligent analysis, asset optimization, risk alerts, and growth support, all integrated into the JD Finance app [4] - Jing Xiaobei offers personalized recommendations based on user profiles and historical preferences, enhancing user experience and operational efficiency [4] - The AI tool continuously learns from user interactions, improving service accuracy over time and transforming complex financial decision-making into a closed-loop experience [4] - JD Finance aims to deepen the integration of AI technology with financial scenarios, iterating on model capabilities and expanding service boundaries to reshape wealth management [4]

Core Insights - The global economic landscape is undergoing significant changes, leading to increased demand for robust family wealth management solutions, particularly in the context of aging populations and rising life expectancy [1] - China Life Insurance Company (601628) is responding to these challenges by launching two new annuity insurance products aimed at enhancing long-term financial planning for individuals and families [1][2] Product Offerings - The newly launched "GuoShou XinXiang HongYing Annuity Insurance" provides four types of coverage: special survival benefits, annuities, maturity insurance benefits, and death benefits, catering to individuals aged between 28 days and 75 years [2] - The "GuoShou XinYue WenYing Pension Annuity Insurance" offers three types of coverage: pension annuities, longevity benefits, and death benefits, with the ability to start receiving pension annuities at ages 60 for men and 55 for women [3] Market Position and Performance - China Life reported a total premium income of 671.457 billion yuan in 2024, marking a year-on-year growth of 4.7%, and a net profit of 106.935 billion yuan, reflecting a substantial increase of 108.9% [4] - The company emphasizes its commitment to enhancing financial supply-side structural reforms and optimizing product offerings to meet the growing insurance and financial management needs of the public [4] Regulatory Compliance - As of the first quarter of 2025, China Life's comprehensive solvency adequacy ratio stood at 199.34%, and its core solvency adequacy ratio was 146.12%, both meeting regulatory requirements [5]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 6月19日，由中国证券报主办的"2025 金牛财富管理论坛"在上海隆重举行。会上，第三届投顾金牛奖评选结果揭晓，国联民生证券凭借在基金投顾领域的专 业能力与突破创新以及在客户服务方面的卓越表现，一举斩获"基金投顾机构金牛奖""基金投顾顾问服务金牛奖""基金投顾智能科技金牛奖"三项殊荣。国联 民生证券董事长、总裁葛小波受邀出席并发表主题演讲。 I glot 2025金牛财富管 基 金 投 顾 机 华 泰 证 券 股 份 有 限 公 司 国 联 民 生 证 券 股 份 有 限 公 司 中国中 金 财 富 证 券 有 限 公 司 东 建证 券 > 份 金限 公司 基金投顾金牛奖颁奖典礼 作为资本市场和资管行业颇具分量的奖项，中国证券报主办的"金牛奖"凭借着对公正、公平、公开、有公信力原则的严格执行，受到监管层和行业的广泛认 可，已成为中国资本市场最具公信力和影响力的权威奖项之一，成为引领中国资产管理行业健康发展的一面旗帜。此次国联民生证券揽获基金投顾三项大 奖，不仅是对公司在基金投顾领域过往成绩的高度认可，更标志着公司坚定财富管理转型、深耕客 ...

成都线下会感受-手记 上周六（5月17日），我们在成都举办了"放开讲"全国巡回线下会。这是我们第一次去成都办线下会。 几个之前参加过线下会的朋友说，你的内容变化好大啊。 必须变化大呀，因为这个世界变化快呀！ 我一直说，现在是两个50年以上级别的周期的共振期（中美关系和AI），因此是百年唯有之大变局。在这个节点，一不小心就跟不上形势了。让大家跟 得上最新的变化，并且趋利避害，这是我们线下会最大的价值。 除此之外，线下会还有一些我之前没有想到的作用。比如，这次来了3个18岁及以下的年轻人，针对他们，我分享了参与AI的除了创业和投资以外的第三 种方式。 不谦虚的说，我真羡慕他们， 我年轻的时候如果有人给我这种建议，我肯定会少踩很多坑。 1）AI的下一个热点是什么？ 2）各大科技公司，特斯拉、谷歌、苹果、芯片类公司的现状和展望， 3）大家关注的稳定币真的有价值吗？为什么值得长期关注？ 4）为什么我对中国经济，以及大A的看法变得更乐观了？ 5）中美博弈会走向何方？ 6）我自己对财富积累的4个认知，以及我如何知行合一。 另外，还有热心的朋友带了自己的朋友来介绍我们认识，还有2018年就关注我的朋友专门来线下见我，还有年轻 ...

转自：新财富杂志 那个凭借按键音成功破解周鸿祎电话号码的天才少年，一战封神。10多年后，刘靖康以202亿元身家，超越中国所有90后，晋级为90后新首富。 这是一个带着传奇，也不乏荆棘的创富故事。 以刘靖康为代表，聂云宸、张俊杰、杨植麟等白手起家的中国90后，正批量冲击新财富500创富榜，而昔日依靠家族财富传承上榜的90后二代接 班人，如龙光地产的纪凯婷、杉杉股份（维权）的郑驹等，则纷纷黯然告别榜单。 奔腾的时代，即使起点一无所有，有想法的年轻人，依然能从赤手空拳，到天下我有。 6月11日，影石创新(688775)上市首日，股价暴涨274%；6天后，再喜提20%涨停板，市值突破818亿元。 至此，其年轻的创始人刘靖康，以202亿元持股财富，超过喜茶聂云宸、霸王茶姬张俊杰、月之暗面杨植麟等"创一代"，也超过昔日年轻富豪如 龙光地产纪凯婷、杉杉集团郑驹等"企二代"，成功晋级90后新首富。 虽然影石创新6月19日股价深跌12%，刘靖康的持股市值仍有176亿元，其90后首富地位不可动摇。 01 创业十年，搏出一家800亿上市公司 刘靖康出生于1991年，今年恰好是他创立影石十周年。 在南京大学软件学院读书时，刘靖康就已 ...

转自：新华财经 近日，在由普益标准主办的2025资产管理与财富管理行业发展大会暨第五届"金誉奖"颁奖典礼上，天津农商银行凭借在资产管理及财富管理领域的突出表 现，从数百家金融机构中脱颖而出，获得"卓越资产管理农村商业银行""卓越财富管理农村商业银行""卓越财富服务能力银行""优秀创新银行理财产品"四项 大奖。 "金誉奖"作为资产管理与财富管理行业的权威奖项，自2021年启动以来，始终秉持"专业、客观、公正"的原则，旨在甄选业内优秀的资产管理和财富管理机 构。本届"金誉奖"评选吸引了超过250家机构参与，竞争异常激烈，奖项的含金量和影响力进一步提升。本次首次获得"优秀创新银行理财产品"的"吉享人 生"系列理财产品，是天津农商银行自主创设、带有分红和应急提前赎回功能的适老型理财，充分考虑了养老、备老客群应急流动性需求及日常用款便利性 需求，为养老、备老投资者扩宽理财渠道，赢得了市场的认可和客户的信赖。 近年来，天津农商银行持续加大较低风险、固定收益型理财产品的研发，注重产品普惠性和长期性以及渠道操作便利性。截至今年，已连续五年获得"卓越 资产管理农村商业银行"，连续两年获得"卓越财富管理农村商业银行"和"卓越财富 ...