为迎接"11·18理财节"，兴业银行厦门分行近期开展了一系列形式多样的客户活动，融合金融知识普及 与非金融权益服务，为客户带来更具个性化、全方位的综合体验。 为了将金融服务延伸至企业端，兴业银行厦门分行积极开展"财富入企"活动，走进我市多家企业，深入 了解员工多样化金融需求，精准推荐适配产品，并介绍兴业银行手机银行、"兴享惠"小程序、"钱大掌 柜"App等平台的便捷功能，推动数字金融成果惠及更广泛的群体。 专场观影寓教于乐传递理性投资理念 免责声明：以上内容为本网站转自其他媒体，相关信息仅为传递更多信息之目的，不代表本网观点，亦 不代表本网站赞同其观点或证实其内容的真实性。如稿件版权单位或个人不想在本网发布，可与本网联 系，本网视情况可立即将其撤除。 素材源：吕怡蕾 编辑：康书源 审核：王怡然 兴业银行厦门分行举办理财节主题观影活动，邀请新老客户共同参与，在丰富客户文化生活的同时，通 过发放宣传折页、现场互动问答等方式，讲解金融产品与服务，普及理性投资知识，助力客户树立科学 的财富管理观念。 养生讲座暖心开讲财富健康携手同行 兴业银行厦门分行联合厦门弘爱医院举办健康知识讲座，由主任医师讲解自我健康管理要点，引 ...

Group 1 - The report highlights that the brokerage industry is entering an upward trajectory after hitting a low in Q4 2023, with significant growth observed in Q2 and Q3 of 2025 [5][18]. - The brokerage sector has seen a shift from "customer acquisition" to "existing customer management and institutional deepening," focusing on creating a comprehensive product matrix across various investment types [5][29]. - The report identifies three categories of brokers that have outperformed: those with low valuations and improving fundamentals, those involved in mergers and acquisitions, and those driven by innovative business models [5][12]. Group 2 - The report indicates that the performance of H-shares has outpaced A-shares due to a stronger Hong Kong market, lower valuations, and accelerated interconnectivity between capital markets [11][12]. - As of November 14, 2025, the brokerage index has increased by 4.29%, while the Shanghai Composite Index has risen by 19.06%, indicating a significant underperformance of the brokerage sector compared to the broader market [11][12]. - The report notes that the brokerage sector's price-to-book ratio is currently at 1.41 times, which is at the 47th percentile since 2018, suggesting that the sector is undervalued [5]. Group 3 - The report emphasizes the importance of wealth management as a core support for brokerage businesses, driven by increased asset allocation from residents into the equity market [5][34]. - The brokerage industry is expected to benefit directly from the increasing attractiveness of the equity market, with specific recommendations for companies like GF Securities, Huatai Securities, and China Galaxy Securities [5]. - The report outlines that the brokerage sector's net profit for the first nine months of 2025 has increased by 66% year-on-year, with significant contributions from brokerage and interest income [18][34]. Group 4 - The report discusses the internationalization of brokerage services, driven by client demand, with major firms establishing overseas subsidiaries and focusing on cross-border services [5][18]. - The brokerage sector is experiencing a "counter-cyclical" asset allocation strategy, with a continued increase in equity asset allocation expected in 2025 [5][18]. - The report highlights that the brokerage industry is positioned for a recovery in public fund profitability, with the potential for increased allocations from public funds to the non-bank financial sector [5][18].

11月16日，乌鲁木齐银行"U品私银"私人银行品牌在新疆财富中心正式发布。作为新疆地方金融主力军，乌鲁木齐银行打造新疆首个以"财富管理"+"产融生 态"双驱动的地方性私人银行品牌，率先启动新疆本土私人银行服务。 私人银行品牌的发布，是乌鲁木齐银行品质服务的又一次升级。该行立足服务地方经济，以更专业的投研能力、更个性化的服务体系和更开放的生态合作， 构建"金融赋能、产业协同、文化共生"的财富管理新范式，致力于实现客户财富增值与区域经济高质量发展的深度共振。 注：此文属于央广网登载的商业信息，文章内容不代表本网观点，仅供参考。 活动现场 （乌鲁木齐银行供图） 发布会上，乌鲁木齐银行党委委员、副行长梁波表示，私人银行不仅为客户提供专业的资产配置方案，更关注财富背后的社会价值。乌鲁木齐银行将继续深 化"离您更近，伴您更远"的品牌理念，助力高净值客户在经济新格局下实现财富的长期稳健增长，形成覆盖全生命周期的财富管理解决方案，成为客户追求 美好生活的"伙伴银行"。 未来，乌鲁木齐银行将秉承"成就成长力量，融汇美好生活"的初心使命，以精准服务匹配客户多元化需求，并进一步充分发挥地方金融主力军的作用，将金 融"活水"精准导入 ...

Core Insights - The event "Zijin Wealth Management - Smart Financial Cube 2025 Annual Closed-door Private Sharing Conference" highlighted key investment opportunities for 2026, emphasizing the importance of technology sector selection, event-driven returns, and global asset allocation capabilities [1] - Experts discussed the inclusion of gold as a safe-haven asset in family asset allocation, along with a focus on dividend assets, retirement-related sectors, and data assets as new opportunities [1] Group 1: Wealth Management Innovations - The event featured discussions on wealth management innovation practices and investment strategies for high-net-worth clients [1] - The collaboration between Licaimofang and Huaxia Bank aims to combine intelligent investment research with high-end financial services, providing a one-stop wealth management solution [1] Group 2: Smart Account Product - Licaimofang's core product, the Smart Account, allows clients to access personalized investment services with a minimum investment of 300,000 to 500,000 yuan, breaking traditional high-threshold barriers [2] - The Smart Account supports automated follow-up investments and intelligent regular investments, enabling clients to enjoy professional asset allocation without constant monitoring [2] Group 3: Comprehensive Advisory Services - Huaxia Bank's investment advisor shared insights on macroeconomic trends and a comprehensive advisory service model that integrates investment banking, commercial banking, and private banking [2] - The bank's "1+1+N" service team structure includes dedicated client managers, senior private banking managers, and expert investment advisory teams, along with a scientific asset allocation recommendation of 40% base assets, 30% stable appreciation, 20% reduced correlation, and 10% income-generating assets [2]

针对ETF市场爆发式增长的行业现象，谭晓冈表示，公募与券商可围绕ETF构建全链条合作模式。产品 开发端，共创策略化、智能化ETF工具库，推出Smartβ、主动管理等特色ETF，实现从贝塔收益到阿尔 法收益的延伸；生态运营端，共建高韧性、低摩擦生态系统，强化流动性做市服务，合规推进数据共享 与ETF衍生品开发，降低交易成本并完善风险对冲工具；资产配置端，共推ETF解决方案，基金公司创 设多风险等级产品，券商依托客群优势构建ETF资产配置组合，将产品优势转化为客户长期价值。 谭晓冈最后表示，公募基金与证券公司的深度协同是行业发展的必然选择，通过三大转型与核心抓手落 地，将推动构建更健康韧性的财富管理生态，助力客户财富保值增值与国家战略落地实施。 据介绍，大成基金近年来在中泰证券等券商支持下，推出科创板、碳中和等创新产品，近三年旗下公募 基金投向信息科技领域的资产规模和占比持续提升，投向绿色金融领域的资金规模更接近翻倍。 在谈及财富管理高质量发展的关键抓手时，谭晓冈强调，投顾业务、人工智能技术与多层次产品体系是 核心发力点。投顾业务方面，双方应共建"投顾驱动模式"，基金公司输出投资陪伴内容，券商投研结合 客户需求落 ...

Core Viewpoint - The "Zhongtai Wealth 30" brand launch signifies a new paradigm in wealth management, emphasizing the importance of capital markets in promoting common prosperity and addressing complex wealth management needs through a buyer-oriented advisory model [3][4]. Group 1: Event Overview - The "Wealth Management and ETF Ecological High-Quality Development Summit Forum" was held in Qingdao, guided by the Qingdao Municipal Financial Office and hosted by Zhongtai Securities, with over 70 asset management institutions and industry experts in attendance [2][6]. - The event featured speeches from key figures, including Zhongtai Securities' General Manager Feng Yidong, who highlighted the role of capital markets in achieving common prosperity [2][3]. Group 2: Brand Launch and Strategy - The "Zhongtai Wealth 30" brand aims to create a comprehensive wealth management ecosystem, serving nearly 11 million clients and offering impactful products [3][4]. - The brand consists of three sub-brands: Quantitative 30, Myfund 30, and ETF 30, focusing on transforming complex wealth management needs into clear, trustworthy solutions [4]. Group 3: Economic Insights - Chief Economist Li Xunlei provided insights on China's macroeconomic outlook, emphasizing the importance of accelerating technological self-reliance and enhancing consumer spending during the "14th Five-Year Plan" period [8][10]. - Li noted that the current low interest rate environment and increased asset volatility necessitate a diversified asset allocation strategy to mitigate risks [10]. Group 4: Industry Collaboration and Development - The event included discussions on the collaborative ecosystem in wealth management, emphasizing the need for industry institutions to enhance research capabilities and optimize product offerings to improve investor satisfaction [12]. - A private ETF strategy forum was held, focusing on innovative strategies that enhance market liquidity and provide investors with efficient asset allocation tools [12]. Group 5: Future Directions - Zhongtai Securities aims to strengthen its professional capabilities and internal resource integration, fostering an open and collaborative platform for wealth management services [12].

"财富管理既是一场'马拉松'也是一场'接力赛'。"近日，在接受上海证券报记者专访时，中国太保副总 裁苏罡直言，跑好"马拉松"意味着做好长期的财富规划、守住坚定理念；跑好"接力赛"意味着在不同的 经济周期、生命周期，做好现金流匹配和风险匹配。 中国太保是一家管理数万亿资产的综合性保险集团。苏罡从中国太保投资条线一路成长起来，先后在太 保资产、太保寿险、长江养老从事投资条线工作。作为保险资管领域的资深人士，他对宏观经济、资负 匹配、财富管理等问题有着自己的见解。 跑好"马拉松""接力赛" 财富管理与经济周期密切相关。身处不同的经济周期，意味着居民面对不同的投资机遇与挑战。 在财富管理过程中，居民还面临流动性匹配、风险匹配的难题。苏罡认为，财富积累最重要的目的是获 得可持续、可消费的现金流，而不是简单追求财富积累的最大化。针对生命周期的不同时点，要配套不 同的现金流规划。同时要重视货币的时间价值，发挥好复利在财富积累过程中的核心作用，即以长期主 义的理念去做好财富管理。 "从风险角度来看，个体与群体面临的风险是不一样的。"苏罡说，通常而言，当面临不确定性事件时， 群体的抗风险能力是要强于个体的。比如，基于大数法则， ...

Core Viewpoint - Major brokerage firms are optimistic about the securities industry in 2026, anticipating a "Davis Double Play" due to recovering market conditions and improving fundamentals, while current valuations remain at historical lows [1] Group 1: Performance Growth - The A-share market's upward trend has significantly boosted brokerage firms' performance, with a total margin balance nearing 2.4 trillion yuan and a record high trading volume of 301.56 trillion yuan in the first three quarters of 2025 [2] - Listed brokerages achieved a net profit of 169.4 billion yuan in the first three quarters of 2025, marking a 63% year-on-year increase, with the third quarter alone reaching a record 72.5 billion yuan [2] - Core business segments such as brokerage, investment banking, asset management, interest income, and investment returns saw year-on-year growth rates of 74%, 23%, 2%, 56%, and 43% respectively, indicating a broad-based recovery [2] Group 2: Valuation Discrepancy - Despite strong performance, the brokerage sector's stock prices have lagged, with the Wind brokerage index rising only 6.02% year-to-date compared to significant gains in major indices [3] - The industry is expected to see a return on equity (ROE) of approximately 7.2% in 2026, which is above the 70th percentile since 2016, while current valuations are at the 40th percentile, indicating substantial room for future growth [3] - Institutional holdings in the brokerage sector are at a historical low, with the sector accounting for only 0.86% of actively managed fund holdings as of Q3 2025, underweighting the standard allocation by 3.21 percentage points [3] Group 3: Future Growth Drivers - Wealth management, institutional business, and internationalization are identified as the three main growth engines for the brokerage industry moving forward [6] - The wealth management sector is expected to see a clear upward trend, with daily trading volumes in A-shares potentially stabilizing at 2 trillion yuan, and a recovery in financial product distribution [6] - The investment banking market is recovering, and the international business is benefiting from improved liquidity in the Hong Kong market, with major brokerages increasing their overseas revenue contributions [6] - Mergers and acquisitions, along with the application of AI technology, are anticipated to catalyze further growth in the sector, with policies encouraging consolidation among quality brokerages [6]

Group 1 - The article promotes a wealth management program offering various benefits for customers, including tax deductions and savings through personal pension contributions [1] - The program includes a winter promotion for wealth members, providing up to 454 yuan in rewards [2] - Customers with an average financial asset amount of at least 50,000 yuan in October can receive a WeChat discount of up to 60 yuan during the promotional period [3] Group 2 - Customers with an average financial asset amount of at least 9,000 yuan in October are eligible to enter a draw for a WeChat discount of up to 188 yuan [4] - Wealth members who upgrade to a higher wealth level for the first time this year can receive corresponding upgrade rewards, with a maximum value of 206 yuan for multiple level upgrades [5]

Core Insights - The "2025 Wealth Management Legal Services White Paper" was jointly released by Taikang Law Business Service Center, Taikang Family Office, and Zero Point You Shu, marking a significant development in understanding the legal service needs of high-net-worth individuals [1][3] - This second edition builds upon the first white paper published in 2023, which identified key legal risks in five areas: marriage, inheritance, retirement, family-business integration, and policy awareness [3][4] Group 1: Key Developments - The white paper focuses on four major upgrades for 2025, including trend analysis, policy and technology insights, dynamic risk mapping, and comprehensive risk profiling across different life stages [4][5] - Eight significant events in the wealth management legal sector were identified and analyzed, providing a snapshot of current market opportunities and challenges [6] Group 2: New Wealth Management Trends - The white paper reveals five new trends in wealth management, emphasizing the importance of wealth security in a volatile environment, with nearly 70% of high-net-worth individuals prioritizing wealth safety [8] - There is a notable increase in legal risk awareness, with a score of 67.6 in 2025, up 21 percentage points from 2023, highlighting concerns among both large and small families regarding wealth distribution and elder care [8][9] - Different life stages present unique risks, from single individuals to families and businesses, with evolving concerns as individuals progress through life [8][9] Group 3: Risk Management Strategies - Legal risk prevention is shifting from reactive measures to proactive strategies, with 34.6% of individuals opting for legal agreements to mitigate marriage risks and 59.0% prioritizing wealth planning for retirement [9] - AI is becoming an essential tool for high-net-worth individuals, with nearly 30% using AI legal services daily, although trust in AI remains cautious among more educated and affluent groups [9]