南财理财通数据显示，截至2025年11月13日，理财公司合计存续2310只（未合并产品份额）6-12个月 （含）期限的公募"固收+权益"产品，其中52只理财产品今年以来净值增长率超过5%，排名前十的产品 分别来自青银理财、兴银理财以及杭银理财等6家理财公司。值得注意的是，青银理财两只璀璨人生成 就系列产品入围本期榜单前三。 "璀璨人生"系列以人生三段论为纲，青年"奋斗"、中年"成就"、老年"田园"三大子系列各司其职，其 中"成就系列"专注资产增值，通过固收+、混合策略、资产轮动等多元打法，为中年客群实现收益与风 险的"黄金平衡"。本期榜单的强势表现，再次验证了青银理财对宏观节奏与资产轮动的精准把控，也为 投资者提供了一份"穿越周期、稳中求进"的理财样本。 （原标题：双轮驱动跻身前三，青银理财成就系列产品诠释稳健理财新范式） 展望2025年四季度，管理人青银理财预计，债券市场（收益率）经过去年的大幅下行后空间有限，整体 偏震荡。权益市场在经过三季度的强势上涨后，市场估值进一步抬升的空间有限，短期偏震荡走势，有 结构性机会。未来，青银理财将延续原有的投资理念与产品投资管理风格，努力为投资者提供稳健的理 财投资服务 ...

Core Viewpoint - The National Financial Supervision Administration has expanded the pilot scope of pension financial products nationwide for three years, aiming to enhance the multi-tiered pension insurance system and address the challenges of an aging population, thereby facilitating the conversion of residents' savings into long-term pension investments [1] Group 1: Policy and Market Development - The expansion of pension financial products is a significant step in the ongoing development of China's pension finance sector, which has followed a path of "pilot first, steady progress, and innovation-driven" since the initial pilot launch in 2021 [1][2] - Currently, there are 51 pension financial products in existence nationwide, with a total scale of approximately 106.5 billion, indicating an increase in market acceptance and awareness of pension investment among residents [1] - New products can now automatically be included in the personal pension financial product list, streamlining the process and enhancing market scalability [1] Group 2: Product Innovation and Market Needs - The core direction for the deepening development of China's pension finance industry is the innovation of product forms and service upgrades, with a focus on "long-term" orientation and "inclusive" characteristics [2] - Despite the progress made, there are still significant gaps in the market, particularly in the supply of pension financial products that are compatible with personal pension accounts, which are fewer in number compared to public funds [2] - There is a need for better cultivation of investors' understanding of pension finance and long-term investment concepts, as some investors may have a short-term speculative mindset [2] Group 3: International Experience and Recommendations - International experiences from mature pension finance markets, such as Germany's "Riester Plan" and the U.S. 401(k) plan, provide valuable references for enhancing participation and offering diverse investment options [3] - To achieve sustainable development in pension finance, collaboration among policies, market institutions, and investors is essential, focusing on product innovation, policy incentives, and risk prevention [3] Group 4: Recommendations for Improvement - Financial companies should enhance their research and development efforts to create new products that meet pension needs, including long-term products with specific holding periods [4] - Policy mechanisms should be improved to lower participation barriers for residents, including fee reductions and tax incentives for pension financial products [4] - There is a need for public education on pension finance to foster a scientific awareness of pension planning and long-term investment, while financial institutions should improve suitability management [4]

Core Insights - The National Financial Supervision Administration has expanded the pilot scope of pension financial products nationwide for three years, aiming to enhance the multi-tiered pension insurance system and address the aging population issue [1] - The development of pension finance in China follows a path of "pilot first, steady progress, and innovation-driven," with the recent nationwide expansion marking a significant leap in this process [1] - As of now, there are 51 existing pension financial products with a total scale of approximately 106.5 billion, indicating increased market recognition and awareness among residents regarding retirement investments [1] Group 1: Market Development - The innovation in product forms and service upgrades in pension financial products is a core direction for the deepening development of China's pension finance industry, with a focus on "long-term" orientation and "inclusive" characteristics [2] - Pension financial funds are participating in sectors like smart elderly care and health management through equity and debt investments, which supports both the silver economy and the real economy [2] - Despite the progress, there are still shortcomings in the market, such as a lack of diverse pension financial products compared to public funds, and a need for better investor education on long-term investment concepts [2] Group 2: International Experience - International experiences from mature pension finance markets provide valuable references, such as Germany's "Riester Plan" and the U.S. 401(k) plan, which highlight the importance of policy incentives and diverse market offerings [3] - These international practices emphasize the role of policy guidance in activating market vitality and the significance of diverse supply in meeting public pension needs [3] Group 3: Recommendations for Development - To address existing shortcomings and achieve sustainable development in pension finance, collaboration among policies, market institutions, and investors is essential [3] - Financial companies should enhance R&D efforts to innovate products that meet pension needs, including long-term products and solutions integrated with health management [4] - Policy improvements should focus on reducing participation barriers for residents, such as fee reductions and tax incentives for pension financial products [4] - Investor education should evolve from knowledge dissemination to habit formation, promoting a scientific approach to retirement planning and long-term investment awareness [4] - Continuous improvement of regulatory frameworks is necessary to balance innovation and safety, ensuring transparent risk disclosures and enhancing the research capabilities of financial companies [4]

作为此次公益行动的创新内核，"苏银善源公益1期"打破传统公益的单向捐赠模式，首次实现理财投资 与慈善救助的深度闭环融合。据苏银理财产品研发负责人介绍，该公益理财产品在设计之初便植入"社 会责任"基因，投资者购买产品后，可自愿将产品实际收益率超过业绩比较基准的部分，委托苏银理财 全额捐赠至南京市慈善总会。这些善款将专项用于南京儿童医院血液肿瘤科贫困家庭白血病患儿维持治 疗期随访项目，形成"投资增值—自愿捐赠—精准救助"的良性循环。 为确保救助精准高效，项目建立了分层分类资助与全流程服务体系。针对常规化疗后进入维持治疗期的 患儿每月提供300元资助，合并严重感染、器官损伤等并发症的重症患儿资助标准提高至每月600元，资 助对象覆盖低保家庭、特困供养家庭、支出型困难家庭等5类重点群体。除医疗费用补贴外，项目还提 供免费线上问诊、用药指导、复查提醒等健康管理服务。 活动现场，捐赠方代表向南京市儿童医院转交了首笔善款。南京市儿童医院相关科室负责人介绍，该笔 资金将定向用于患儿临床核心治疗及长期随访监测、康复护理指导、并发症管理等关键环节，为患儿战 胜病魔筑牢保障。 □ 本报记者詹超 11月20日，苏银理财联合多方打造的 ...

Core Viewpoint - The "Suyin Charity Source Phase 1" project represents an innovative integration of finance and charity, aiming to provide substantial support for children suffering from leukemia at Nanjing Medical University Children's Hospital through a unique financial model [3][10]. Group 1: Financial and Charitable Integration - The project combines investment returns with charitable donations, allowing excess profits to be directed towards the treatment and rehabilitation of leukemia patients [3]. - This model broadens the sources of charitable funding while fulfilling the dual responsibilities of financial institutions to society [3][9]. Group 2: Community and Institutional Support - The successful execution of the donation ceremony was made possible through collaboration among various stakeholders, emphasizing the commitment of Suyin Wealth Management to social responsibility [3][5]. - The funds raised will specifically support clinical treatment, long-term follow-up, rehabilitation care, and management of complications for leukemia patients [3][5]. Group 3: Impact on Patients and Families - The project aims to provide tangible support to families facing high medical costs, transforming abstract financial figures into real-life assistance for children [3][6]. - The emotional connection between donors and recipients was highlighted during the event, showcasing the heartfelt gratitude of the children through their artwork [6][7]. Group 4: Future Directions - Suyin Wealth Management plans to continue developing the "Finance + Charity" model, introducing more public welfare financial products to engage more investors in charitable activities [10]. - The company aims to enhance collaboration with hospitals, charitable organizations, and trust companies to ensure effective management of donations [10].

21世纪经济报道 记者郭聪聪 2025年正值"十四五"规划收官之年，我国金融行业沿中国特色金融发展之路稳步前行，科技金融、绿色金融、普惠金融等领域 的标准体系与基础制度持续完善，金融服务的可获得性与便利度不断提升。 为梳理行业先进实践、促进经验交流互鉴，21世纪经济报道于2025年9月正式启动 "2025年度21世纪金融竞争力优秀案例"征集活 动，旨在挖掘年度优秀样本，将标杆经验转化为行业发展动能，推动金融行业健康高质量发展。 本次案例征集活动秉持公开、公正、专业的原则，通过专家推荐与机构自主申报相结合的方式广泛收集案例，覆盖金融行业多 业态、多领域。活动启动后，得到行业内众多金融机构积极响应，最终收到超百家机构的申报材料，为后续评选工作奠定了丰 富的案例基础。为确保评选结果的专业性与权威性，组委会特别组建专家团队，围绕客观指标与主观指标开展综合评定。通过 多轮严谨审核，从海量申报案例中筛选出具备示范意义的优秀案例。 11月21日，在由南方财经全媒体集团指导、21世纪经济报道主办的"第二十届21世纪金融年会"上，"2025年度21世纪金融竞争力 优秀案例"最终名单正式揭晓。 本次评选设置综合类、服务类、产品类 ...

Core Insights - The article discusses the performance of equity public wealth management products from various financial companies, highlighting their net value growth rates and market trends during a specific period [5][6]. Group 1: Product Performance - The average net value growth rate of equity public wealth management products was 1.06% over the past month, with 48 sample products showing varied performance [5]. - Among the top-performing products, the "Hua Xia Wealth Management Tian Gong Daily Open Wealth Management Product No. 6" and "Everbright Wealth Management Sunshine Red New Energy Theme" both achieved over 6% growth [5][6]. - The average net value growth rate of the top 10 products listed was 5.26%, indicating strong performance in the current market [5]. Group 2: Company Rankings - Five wealth management companies were featured in the rankings, with Hua Xia Wealth Management having five products listed, followed by Everbright Wealth Management with three, and Goldman Sachs ICBC Wealth Management and Hangzhou Bank Wealth Management each with one [5]. - The products from Hua Xia Wealth Management consistently performed well, with multiple entries in the top rankings [5][6]. Group 3: Market Trends - The A-share market experienced fluctuations, with the Shanghai Composite Index oscillating around 4000 points, and the three major indices showing mixed results [5]. - The report indicates a structural market trend with increased rotation among sectors, suggesting that dividend and high-yield stocks are becoming a safe haven during market volatility [6][7]. - The "Everbright Wealth Management Sunshine Red 300 Dividend Enhancement" product reported a maximum drawdown of 3.76% and an annualized volatility of 15.91%, reflecting the high-risk, high-reward nature of thematic products [7].

Core Viewpoint - The article discusses the performance of dividend and high-yield equity financial products in a volatile market, highlighting their potential as a safe haven for investors during market fluctuations [1][4]. Market Performance - After the National Day holiday, the stock market showed volatility, with the Shanghai Composite Index fluctuating around 4000 points from November 6 to November 13 [2]. - Over the past month (October 14 to November 13), the three major A-share indices had mixed results, with the Shanghai Composite Index and ChiNext Index rising over 3%, while the Sci-Tech Innovation Board Index fell by 2.77% [2]. Equity Financial Products - As of November 13, the average net value growth rate of equity public financial products was 1.06%, with 48 sample products showing varied performance; 18 products had negative growth rates [2]. - The top 10 products on the list had an average net value growth rate of 5.26% over the past month, with the top three products exceeding 6% growth [3]. Dividend and High-Yield Products - Four dividend and high-yield products made it to the list, with two products from Huaxia Wealth and one each from Everbright Wealth and ICBC Credit Suisse Wealth, all showing growth rates above 4% [3]. - The Huaxia Wealth "Tian Gong Ri Kai Financial Product 16" and Everbright Wealth "Sunshine Red 300 Dividend Enhancement" both exceeded 5% growth in the past month [3]. Industry Insights - The dividend sector is seen as having defensive and risk-averse attributes in the current A-share market environment, with structural market conditions leading to increased attention on dividend assets [4]. - Reports indicate that the market is expected to remain volatile, with a focus on the stable returns of dividend assets providing a safety net against market uncertainties [4]. - The Everbright Wealth "Sunshine Red New Energy Theme" product exhibited the highest drawdown (3.76%) and annual volatility (15.91%) among the top ten products, reflecting the characteristics of high-yield and high-volatility industry theme products [4].

数据说明： 产品统计范围为理财公司权益类理财公募产品，统计截止日期为2025年11月13日，统计区间为近1个 月。 | 4 | 华夏理财天工日开理财产品 华夏理财 5.99% 1.35% 1号(水电指数) 7.11% 1号(水电指数) | | --- | --- | | | 华夏理财天工日开理财产品 | | ഗ | 16号 (港股通高股息指 华夏理财 5.91% 1.04% 8.41% | | | 数) | | 6 | 阳光红300红利增强 | 光大理财 5.10% | 1.03% | 3.54% | | --- | --- | --- | --- | --- | | 7 | 华夏理财天 开理财产品 20号（中诚信股須回报优 | 华夏理财 4.92% | 1.13% | 8.20% | | | 旋清版) | | | | | 8 | 幸福99锦航权益(红利优 选) 180天持有期2501期 理财 | 杭银理财 4.52% | 0.87% | 5.41% | | 9 | 高盛工银理财·盛鑫君智私 银尊享红利精选量化权益理 | 高盛工银 4.31% 理财 | 1.09% | 3.98% | | | 财产品1期 | ...

Core Insights - The article discusses the rising popularity of "fixed income +" strategy products in the current market, driven by a strong stock market and a subdued bond market, highlighting their potential for enhanced returns while managing risks [1][3]. Summary by Sections What is "Fixed Income +" Strategy? - "Fixed income +" strategy products utilize a "core-satellite" investment approach, investing at least 80% in stable fixed income assets to secure steady returns, while allocating up to 20% in higher-risk assets to enhance overall returns [1][2]. Why Invest in "Fixed Income +" Products Now? 1. **Addressing Low-Interest Environment**: These products offer a way to seek higher returns in a persistently low-interest-rate environment by flexibly allocating various assets on a bond foundation [4]. 2. **Seizing Market Opportunities**: They provide a balance between offensive and defensive strategies, appealing to investors seeking higher returns without excessive volatility [5]. 3. **Balancing Risk and Return**: By diversifying across low-correlated assets, these products aim to mitigate risks and achieve stable long-term returns [6]. Representative "Fixed Income +" Products - **Agricultural Bank's "Nongyin Jinqi·Lingdong 90-Day Dual Bond Enhanced Wealth Management Product"**: This product combines ordinary debt assets with convertible bonds, achieving a recent annualized return of 4.76% over one month, significantly outperforming its benchmark [6]. - **China Merchants Bank's "Zhaoyin Wealth Management Zhaorui Zengtai 370-Day Holding Period No. 3"**: This product features a small allocation to a global commodity index, enhancing its strategy with diversified commodity investments [7][8]. - **Ningbo Bank's "QinNing Individual Stock Selection Fixed Income Class Day Open No. 1"**: This product focuses on dynamic industry selection, achieving an annualized return of 6.84% since inception, with a significant increase in asset size [8]. Conclusion - The article suggests that investors should consider diversifying their portfolios by increasing allocations to "fixed income +" products to capture market opportunities and balance risks in a low-interest-rate environment [8].