由福布斯中国和富国基金联合发起的福布斯·富国中国优选理财师评选自2009年启航后，深耕细作，见证行业沉浮，如今已举办至第十五届。本届评选延 续初心，肩负着树立行业标杆的重要使命，希望引领从业者紧跟监管政策与科技趋势，以更优质的服务满足投资者的多元需求。同时，它也是对优秀理财 师专业实力与职业素养的荣耀加冕，真正的行业精英，既需以实力彰显价值，更需权威背书铸就公信力。 目前，2025第十五届福布斯•富国中国优选理财师评选的网络报名与网络初赛阶段已经结束，分赛区复赛将陆续展开。分赛区复赛覆盖中西部、华北及环 渤海、华南、华东四大赛区，各赛区将有50名选手入围最终的全国总决赛。并且，分赛区复赛期间将评出"全国TOP 60"，14强选手则可以直接晋级全国 总决赛。 8月23日，分赛区第一站——中西部分赛区复赛在重庆率先举行，该赛区涵盖云南、贵州、四川、重庆等12个省、自治区及直辖市。 中西部分赛区复赛评委及选手合影 福布斯中国集团董事总经理符锦 富国基金北方零售总部总经理、成都分公司总经理邓驰 每场分赛区复赛均设置多对多群面和辩论赛两个环节。多对多群面主要考察选手的仪态、沟通表达、专业素养、应变能力、专业背景及从业经 ...

当下，"安全+增值+传承"的复合需求正成为很多家庭理财的核心命题。分红型终身寿险凭借"固定给付 +浮动分红"的双轨机制、"终身"现金流的保障性，以及法律属性清晰的传承功能，以"进可攻、退可 守"的姿态，成为越来越多家庭资产配置的优选产品。头部险企的分红险产品，更因品牌背书、投资实 力与服务网络的叠加优势，被广大消费者率先关注。 以泰康人寿推出的泰康鑫享世家（庆典版）终身寿险（分红型）（以下简称"鑫享世家（庆典版）"）为 例，深度贴合当下家庭对安全增值、定向传承、长周期规划三大核心需求，用双被保险人设计、分红增 额双驱动、全生态服务等差异化优势，为现代金融消费者提供了"稳、传、长"的财富管理新范式。 锁定预定利率+红利共享：打造穿越波动的"安全锚" 当家庭财富管理的核心从追求高收益转向更安全保障，分红型终身寿险的"保底利益+浮动分红"机制， 因满足市场对确定性与灵活性兼顾的需求备受青睐。 鑫享世家（庆典版）的产品结构清晰透明。有效保额自第2个保单年度起以一定比例逐年递增，形成财 富安全底线；现金价值超过已交总保费后，同样以一定复利速度递增，还可选择叠加万能账户，成为家 庭资产中的"压舱石"。分红险加万能险的匠心 ...

Core Viewpoint - The wealth management division of China Merchants Bank (CMB) has reached a significant milestone, with its retail insurance distribution premium surpassing 1 trillion yuan, showcasing its strong position in wealth management and asset selection capabilities [1][7]. Group 1: Wealth Management Strategy - CMB's insurance distribution business has seen substantial growth, with a 40% year-on-year increase in insurance distribution revenue in 2021, making it one of the fastest-growing categories for the bank [3]. - The bank's retail assets under management (AUM) have exceeded 16 trillion yuan, positioning it as a leader among joint-stock banks in China [9]. - CMB has integrated insurance distribution into its core strategy, alongside funds, wealth management, and trusts, creating a diversified asset allocation tool [3][4]. Group 2: Market Trends and Customer Needs - The current economic landscape has shifted residents' asset allocation decisions from yield-focused to value preservation, with insurance emerging as a preferred option due to its long-term benefits and risk coverage [4]. - There is a growing trend among residents for diversified, customized, and digital insurance solutions, moving away from single product offerings to comprehensive risk planning [5]. - The demand for family-oriented insurance solutions is increasing, with households evaluating their protection gaps through a family asset-liability perspective [5]. Group 3: Competitive Landscape - The insurance industry faces challenges in meeting the diverse and digital expectations of consumers, with smaller firms struggling to provide a comprehensive product range and larger firms lacking agility in innovation [6]. - CMB's approach to insurance distribution, characterized by a rigorous selection process and a focus on customer needs, sets a new benchmark in the industry [6][12]. - The bank's strategy emphasizes the importance of value creation over mere sales, aiming to enhance customer experience through tailored products and services [10][12]. Group 4: Future Outlook - CMB's ability to adapt to evolving customer needs and market dynamics will determine its future success in the wealth management sector [8]. - The bank's innovative digital capabilities and proactive customer engagement strategies are expected to further strengthen its position in the insurance distribution market [11]. - CMB's practices in insurance distribution may serve as a model for the industry, promoting a shift from zero-sum competition to collaborative value creation among banks and insurance companies [12].

"零售之王"的财富管理版图，又迎来了新的里程碑。 不久前的 2025财富合作伙伴论坛 上，招商银行 宣布其 零售 代销保险存量保费规模已成功突破 1 万亿元大关 。 对于招行在财富管理上的优势，客户关注点往往更集中于其 权益投资领域 的 标杆 地位 —— 无论是 量化对冲 FOF在震荡市中的 " 画线能力 " ， 或 是红利策略连续三年逆市上涨的稳健表现，均印证 了 招行 严选资产 与 深度认知的硬核实力。 事实上 ， 这种 选品与认知上的优势 不仅在权益投资领域得到发挥，也被 招行 运用于其他各大类资 产当中 ，保险代销业务的新高便是最好的注脚。 2014年左右，银 保 代销曾热极一时， 后经历监管趋严、疫情承压等波折，各行代销保险的思路也 开始由初期的规模至上向 保障 类、 长期 类 业务 转向 。 这期间，招行于 2020年打造 " 大财富管理价值循环链 " ，首次将保险代销纳入核心战略 ，与基 金、理财、信托并列作为多元化资产配置的关键工具；次年保险代销收入同比增长 4成以上，成为该 行增速最快的代销品类之一。 2024年，招行的代理保险收入已超50亿元，对零售财富管理中收的贡献率已接近三成。 可以观 ...

由此，招行成为国内首家达成此里程碑的股份制银行，核心竞争力的基本盘进一步夯实。其中，基于对超2亿个人客户的 拓面、深耕，上半年该行零售AUM增量再创历史新高。 而自2007年率先提出零售AUM的经营理念以来，招行达成第一个5万亿用时9年，第二个缩短至5年，而此番超越第三个5 万亿仅用3年多，走出了财富管理的加速度。 这既是招行财富管理韧性的直观体现，也是该行近年来着力提升"财富管理、风险管理、金融科技"三大能力建设的最佳 答卷。 "零售之王"，走出财富管理加速度！ 日前，招商银行在深圳召开"2025年财富合作伙伴论坛"。招行行长王良在会上宣布，该行零售AUM（管理客户总资产） 余额已突破16万亿元。 加速的韧性：零售AUM站上新台阶 在招行内部，客群和零售AUM的增长向来被视为大财富管理业务的基本盘，后者则是招行的"基石"——"财富管理能力决 定能走多高"。 即便受市场震荡、客户风险偏好变化等因素影响，财富管理机构和资管机构普遍承压，招行仍屡屡强调，"只要客户数、 零售AUM能够保持稳定增长，市场迟早会给予回馈"。 此次论坛上，王良宣布，该行零售AUM余额已突破16万亿元大关，上半年零售AUM增量再创历史新高 ...

黄金金价下跌意味着经济繁荣，投资创业； 黄金价格上涨 - 经济恶化，谨慎投资。 黄金价格是经济的晴雨表，依据它来判断经济形势，从而指导投资决策，能帮助普通人在经济浪潮中趋 利避害。 4、赚大钱，就得专注那关键的三五年。就像是赛跑，最要劲儿的就是那几步。在这段时间里，你得全 神贯注，抓住机会。如果这几步走对了，财富就能翻番，错过了就没有了 5、有些人梦想着开个小店或者成立个公司，觉得这样就可以高枕无忧，一辈子不愁吃穿了。但这种想 法，其实挺不现实的。说白了，这不过是一种逃避努力的借口。 6、当你有了一定的经济基础后，你的主要任务就变成了寻找并抓住那些能让你财富增长的风口。在此 之前，所有的努力都是为了积累资源和保持最佳状态 1、当你发现自己十年前花50万买下的房子，现在能以双倍价格卖出时，你会突然领悟到：真正的财 富，跟辛勤劳动无关。 2、永远别让人知道你怎么挣钱，靠什么挣了多少钱。守住你的财务秘密，你就能安心管好自己的钱， 专注过好自己的日子，不用因为别人的眼光或闲言碎语而分心。保护好自己的财务隐私，也是一种智 慧。 3、普通人的一生，只要盯着一件事，那就是 这意味着你得放弃那些消遣娱乐，把时间用在提升自己上 ...

沪指依旧延续涨幅。8月21日开盘，三大指数集体高开。截至收盘，上证指数涨0.13%，报收3771.1点，盘中一度涨至3787.98点，续创十年新高。 营销升温、降佣"大战" A股市场近期热度攀升，上证指数续创十年新高，成交额连续七日突破2万亿元，投资热情持续升温。在此背景下，券商纷纷加码营销攻势，开户福利与佣 金优惠轮番登场，价格战下，佣金甚至跌破"万1"。不过，与行情热度形成反差的是，当前开户数量增长仍相对温和，投资者也更趋理性。而面对这轮"慢 牛"行情，券商也正以技术升级、精准服务与常态化保障筑牢根基，聚焦投资者的长期收益体验。 | F9 不复权 超级叠加 画线 工具 | | <0> 上证指数 | | | | --- | --- | --- | --- | --- | | 开3770.68 高3787.98 低3757.99 换1.47% 振0.80% 额9977.42亿 | | | | | | A120 3423.73↑ MA250 3304.69↑ | 2025/03/20-2025/08/21(106日) | SF 15-00-09 | | | | 3787-98 | | 关键比率 3991.10 ...

Financial Data and Key Metrics Changes - Total funded accounts reached approximately 2,900,000, representing a 41% increase year over year and an 8% rise quarter over quarter [5] - Total client assets hit a record HKD 974 billion, up 68% year over year and 17% quarter over quarter [9] - Total revenue was HKD 5.3 billion, up 70% from HKD 3.1 billion in the previous year [13] - Net income increased by 113% year over year and 20% quarter over quarter to HKD 2.6 billion, with a net income margin expanding to 48.4% [21] Business Line Data and Key Metrics Changes - Brokerage commission and handling charge income was HKD 2.6 billion, an increase of 87% year over year and 12% quarter over quarter [13] - Interest income was HKD 2.3 billion, up 44% year over year and 11% quarter over quarter [14] - Wealth management client assets were HKD 163.2 billion, up 104% year over year and 17% quarter over quarter [11] Market Data and Key Metrics Changes - The US business showed robust growth, with significant increases in trading volume and client engagement [6][10] - In Japan, total trading volume increased by over 50% quarter over quarter, indicating strong market engagement [39] - The Hong Kong IPO market gained momentum, with the company acting as joint book runners for multiple listings, attracting a record number of subscribers [12] Company Strategy and Development Direction - The company aims to become an influential global financial services platform, with over 50% of funded accounts from clients outside of Hong Kong [5] - Plans to enhance brand acquisition through physical store rollouts and new product offerings in wealth management and crypto trading [26] - The company is focusing on integrating AI capabilities into its services to improve client engagement and investment efficiency [32][40] Management's Comments on Operating Environment and Future Outlook - Management noted strong asset inflows due to favorable market conditions and enriched product offerings [24] - The company expects steady growth in client acquisitions and trading volume in the third quarter, driven by positive market sentiment [46] - Management expressed optimism about growth prospects in the US market, supported by strategic partnerships and product innovations [50] Other Important Information - The company launched cryptocurrency trading in most US states and plans to introduce new functionalities for crypto trading [26] - The average client assets in Singapore rose 1926% quarter over quarter, reflecting strong market performance [9] Q&A Session Summary Question: What is the reasoning behind the strong net asset inflow and how will the company maintain momentum? - Management attributed strong asset inflow to favorable market performance and enriched product offerings, with plans for more physical stores and new products in the second half [24][26] Question: Can you provide details on the crypto trading performance and future plans? - Management reported strong momentum in crypto trading, with significant increases in asset value and trading volume, and plans for new product offerings [26][27] Question: What are the strategic views on the crypto business and potential for monetization? - Management outlined a four-part strategy (RACE) focusing on real-world assets, advanced technologies, conversions between traditional finance and crypto, and exchange licensing [31][34] Question: What is the competitive landscape in Japan and how is the company addressing it? - Management acknowledged strong competition from incumbents but emphasized the unique value proposition for self-directed investors and ongoing branding efforts [37][40] Question: Can you provide insights on the third quarter expectations for client acquisitions and trading volume? - Management expects steady growth in client acquisitions and trading volume, supported by positive market sentiment and ongoing product development [46][48]

富途Q2营收和利润均实现同比大幅增长，营收同比增长69.7%至53.1亿港元；净利润同比飙升112.7%至25.7亿港元。 富途Q2业绩爆发，入金账户同比增长40.9% 2025年第二季度业绩强劲，总营收同比增长69.7%至53.1亿港元；净利润同比飙升112.7%至25.7亿港元。 营收端的强劲表现主要来自两个引擎的协同发力。 佣金及手续费收入同比增长87.4%至港币25.8亿元，得益于交易量的大幅攀升。更值得注意的是，利 息收入同比增长43.8%至港币22.9亿元，主要受益于证券借贷业务、银行存款和保证金融资的增长。 入金账户同比增长40.9%至287.7万个，季度新增超过20.4万个，其中香港市场连续第三个季度贡献最多新增入金账户，显示出在贸易政策引发的市场波 动和高调IPO推动下，香港零售投资情绪的回暖。 客户资产规模的增长更为惊人。总客户资产同比增长68.1%至港币9739亿元，创下历史新高。特别值得关注的是，2025年上半年净资产流入几乎是去年 同期的两倍。这种资产规模的快速扩张，为公司未来的利息收入和财富管理业务发展奠定了坚实基础。 用户和资产规模持续高速增长。总付费账户数同比增长40.9%，客 ...

Investment Rating - The report initiates coverage on China Everbright Bank H-shares with a "Buy" rating and a target price of HKD 4.62, corresponding to a 2025E PB of 0.50x [1][8]. Core Views - China Everbright Bank benefits from strong group resources and has established a competitive edge in wealth management and financial market operations, which supports its non-interest income base [2][16]. - The bank has effectively reduced high-cost deposits and cleared existing risks, leading to improved asset quality and a stable non-performing loan (NPL) ratio of 1.25% [3][18]. - The valuation pressure is easing, and the bank's dividend yield is attractive, with a projected 2024 dividend payout ratio of 30.14% [4][19]. Summary by Sections Group Strategy and Resource Support - The bank leverages comprehensive financial resources from the Everbright Group to enhance its non-interest income, particularly in wealth management, with a leading scale of RMB 1.82 trillion in its wealth management subsidiary as of H1 2025 [2][17]. - The bank adopts a cautious strategy in its financial market operations, focusing on holding investments to maturity rather than realizing gains through active trading [2][17]. Financial Performance and Risk Management - The bank has been actively managing its cost of liabilities by optimizing high-interest deposits and enhancing its deposit structure, which provides significant room for cost reduction [3][18]. - As of August 19, 2025, the implied NPL ratio based on current PB is significantly higher than the actual NPL ratio, indicating market overestimation of asset quality risks [3][20]. Valuation and Dividend Yield - The bank's H-shares are trading at a low valuation of 0.39x PB and a high dividend yield of 5.77%, making it an attractive investment option [4][16]. - Shareholder confidence is reflected in recent announcements of share buybacks and increased holdings by major shareholders, which bolster market sentiment [4][19]. Earnings Forecast and Valuation - The forecast for net profit attributable to shareholders shows a modest growth of 0.7% in 2025, with projected BVPS of RMB 8.47 for 2025, leading to a target PB of 0.50x [6][30]. - The bank's earnings are expected to remain stable despite pressures on net interest margins, with a focus on maintaining a robust capital position [6][30].