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普益标准发布2025年二季度银行理财能力排名报告
Jin Rong Shi Bao· 2025-08-08 07:59
普益标准日前发布2025年二季度银行理财能力排名报告。报告显示,二季度,全市场银行理财机构 (不包括外资银行)净值型理财产品的存续数量为82245款,较2025年一季度增加5412款,环比上升 7.04%;净值型理财产品存续规模估计为30.33万亿元,环比上升5.50%。 兴银理财居全国性理财机构排名之首;苏银理财在城商系理财机构排名中位列第一;渝农商理财在 农村金融理财机构中表现突出 根据《普益标准·银行理财能力排名报告》,2025年二季度,全国性理财机构中,理财能力综合排 名前五的依次是兴银理财、招银理财、信银理财、光大理财、中银理财。 2025年2季度,城商系理财机构中,理财能力综合排名前十的依次是苏银理财、南银理财、宁银理 财、杭银理财、上银理财、北银理财、徽银理财、青银理财、吉林银行、广州银行。 2025年二季度,农村金融理财机构中,理财能力综合排名前十的依次是渝农商理财、上海农商银 行、北京农商银行、成都农商银行、青岛农商银行、江苏江南农商银行、广州农商银行、杭州联合农商 银行、江苏苏州农商银行、广东南海农商银行。 发行能力: 兴银理财排名居全国性理财机构首位;苏银理财在城商系理财机构中表现突出; ...
下半年配什么?理财公司看好这两类资产
Zhong Guo Zheng Quan Bao· 2025-08-08 07:20
Core Viewpoint - The traditional asset allocation logic of the banking wealth management industry is facing challenges due to a low interest rate environment and increased volatility, prompting a shift towards diversified strategies and alternative assets [1][2]. Group 1: Market Environment - The current market is characterized by "low interest rates and high volatility," with a general decline in asset yields. As of May 20, the 1-year and 5-year LPR have decreased by 10 basis points, and the 10-year government bond yield is fluctuating between 1.6% and 1.7% [2]. - The volatility in the asset sector is increasing, complicating asset allocation strategies [2]. Group 2: Strategic Shifts - Financial institutions are transitioning from single asset investments to diversified strategies, focusing on major asset allocation to broaden income sources. The emphasis for the second half of the year will be on alternative and equity assets [1][2]. - Companies like Xinyin Wealth Management are adopting a core strategy of major asset allocation, with a focus on enhancing returns through diversified fixed income and equity assets, while controlling risks [2][3]. Group 3: Asset Class Outlook - Industry insiders are optimistic about the performance of alternative and equity assets in the second half of the year. A balanced allocation of stocks, bonds, and gold is seen as advantageous, with expectations of continued upward movement in asset prices due to low inflation and ample liquidity [3][4]. - Specific sectors such as technology and dividend strategies are expected to remain advantageous, with new consumption driven by policy potentially becoming a source of excess returns [4].
银行理财子公司“试水”浮动费率产品 加速净值化转型
Zheng Quan Ri Bao· 2025-08-08 07:19
本报记者 熊 悦 新型浮动费率基金产品陆续发行之际,银行理财子公司也开始"试水"浮动管理费率的理财产品。受访专 家认为,银行理财子公司推出浮动管理费率的理财产品,打破了常规的固定收费模式,有助于形成管理 人履职效能与投资者回报诉求的正向协同,推动理财行业从规模导向转向业绩导向,实现行业良性竞争 和健康发展。 管理费率挂钩产品业绩 记者在招商银行App上发现,上述产品开售首日即宣告售罄,产品认购热情较高。 强化权益投资能力 受访专家认为,在市场表现不佳时,浮动管理费率模式能够减轻投资者固定费率负担。而在产品业绩优 异时,管理人则能获取更高报酬,实现投资者和管理人利益的绑定。对银行理财子公司而言,此类产品 在震荡市场或结构性行情中则更具吸引力,有利于扩大管理规模,同时激励投研团队提升业绩,优化收 入结构。对理财行业来说,浮动管理费率模式是深化净值化转型的重要探索,推动行业从规模导向转向 业绩导向,促进行业良性发展,提升投资者获得感。 "浮动管理费率机制尤其适合波动较大、收益空间广阔的含权类理财产品。"苏商银行特约研究员薛洪言 告诉记者,适配性体现在含权类理财产品净值波动性天然较高,管理人通过主动管理获取超额收益的 ...
【金融头条】银行理财寻路2024
Jing Ji Guan Cha Wang· 2025-08-08 04:36
Core Insights - The development of bank wealth management has lagged behind, with public fund scale surpassing bank wealth management for the first time by June 2023, indicating a shift in competitive advantages [2] - The bank wealth management industry is undergoing a reassessment of its service clientele, operational models, and positioning to regain competitiveness [2][4] - The industry is expected to transition towards professional asset management companies in 2024, enhancing risk preference, product structure, and investment research capabilities [2][4] Industry Challenges - The year 2023 has been challenging for the industry, with both scale and performance under pressure, leading to adjustments in product performance benchmarks and fee structures to attract investors [4][5] - Bank wealth management scale fluctuated significantly, increasing from 23.4 trillion yuan at the end of 2019 to 25.34 trillion yuan by mid-2023, but saw a notable decrease compared to 2022 due to declining product yields [4][5] - The low risk tolerance of clients and the contradiction with the net value of wealth management products have led to increased volatility in product scale, complicating investment strategies [5] Strategic Shifts - The investment environment for bank wealth management has undergone five key changes, including more rational market expectations, low client confidence recovery, and a shift towards stable asset structures [8] - The focus for 2024 will be on maintaining a balanced approach to asset allocation, emphasizing safety and supporting national strategies while managing risks effectively [11] - There is a need for bank wealth management companies to diversify their product offerings, including cash and short-term debt products, while also exploring higher volatility products to create a more comprehensive product system [9][10] Future Outlook - The bank wealth management sector is projected to achieve a 10% growth in scale in 2024, with total assets expected to reach between 31 trillion and 32 trillion yuan [13] - The performance benchmark for wealth management products is anticipated to stabilize and potentially rise, which could support growth in the sector [13] - The asset allocation strategy will continue to follow the "80-20 rule," with a focus on maintaining a balance between safe assets and higher-yielding investments [13]
网下打新开闸近半年 银行理财为何仍是“沉默的大多数”?三大核心难题需克服
智通财经网· 2025-08-08 03:40
今年7、8月份,宁银理财多次参与线下打新,引发市场各界高度关注。 往前回溯,今年1月,中央金融办、中国证监会等六部门联合印发《关于推动中长期资金入市工作的实 施方案》,明确"允许公募基金、商业保险资金、基本养老保险基金、企(职)业年金基金、银行理财等 作为战略投资者参与上市公司定增",并"在参与新股申购、上市公司定增、举牌认定标准方面,给予银 行理财、保险资管与公募基金同等政策待遇"。 3月28日,中国证监会正式发布《关于修改〈证券发行与承销管理办法〉的决定》,首次将银行理财产 品纳入IPO优先配售对象范围。同日,沪深交易所同步修订了《深圳证券交易所首次公开发行证券发行 与承销业务实施细则》、《深圳证券交易所上市公司证券发行与承销业务实施细则》,新增理财子公司 作为IPO网下投资者主体资格。彼时,市场一片欢腾,认为将会为资本市场带来海量资金。 但值得注意的是,自从3月份有关部门为理财子线下打新"开闸"以来,截至目前只有两家理财子有过尝 试。连日来,从智通财经记者调研多家头部理财子的情况来看,机构对于参与线下打新均持谨慎态 度,"近期没有相关计划"。 "开闸近半年,32家公司仅2家尝试" 依据公开信息,目前32 ...
建信理财董事长齐建功:净值化趋势下,银行理财面临挑战和机遇并存
Xin Lang Cai Jing· 2025-08-08 02:23
专题:财富启新程 湾区共潮生 2025招商银行财富合作伙伴论坛 8月7日金融一线消息,招商银行在深举办"财富启新程 湾区共潮生——2025财富合作伙伴论坛",头部基金、理财、保险、私募机构齐聚粤港澳大湾区,共 商大财富管理高质量发展新征程。 建信理财有限责任公司党委书记、董事长齐建功发表主题演讲 建信理财有限责任公司党委书记、董事长齐建功出席论坛并发表主题演讲,他表示在净值化趋势下,银行理财面临挑战和机遇并存。随着低利率运行周期深 化,居民财富动能转换演进,银行理财产品对投资人吸引力是逐步增强的,但同时行业深层次问题也逐步凸显,挑战很多。面向未来,理财公司应紧紧围绕 客户和渠道需求,细化客群分类,挖掘客户真实需求。 尊敬的王良行长、王颖副行长,各位同仁,大家下午好! 非常荣幸能有这么一个宝贵的机会,跟大家一起共同汇报、交流理财业务发展的话题。 资管新规实施以来,中国理财市场经历了深刻的变化,尤其是在监管推动下,到今年年底,完成估值整改的,真正的净值化时代将要来临了,这将深刻重塑 我们行业的生态。借这次机会,主要向大家汇报两个方面的话题:1、关于现在的形势,主要围绕怎么看。2、关于未来的发展,聚焦怎么干。 对当 ...
徽银理财锚定金融为民,助力金融强国建设 ——破局同质化竞争,努力走出差异化发展之路
Zhong Guo Zheng Quan Bao· 2025-08-08 02:20
当前,银行理财行业正经历深刻变革,面临"低利率环境下优质资产短缺"与"投资者风险偏好审慎但收 益需求仍高"的结构性矛盾。在此背景下,徽银理财锚定两大方向破局:一是深耕"稳健收益",筑牢居 民财富安全底线;二是通过专业能力拓展收益边界,为不同风险偏好投资者提供精准方案——"星徽 +"产品体系正是这一思路的核心实践。 据介绍,"星徽+"多资产多策略产品体系是徽银理财破局的核心抓手和战略选择。该体系以稳健固收资 产为基石,严控产品回撤,同时审慎配置权益、商品及全球化资产,通过多元化投资分散风险,通过量 化择时提升收益,实现收益与风险的更优平衡。本质上,这是徽银理财在服务国家高质量发展全局中, 突破理财行业传统投资范式,实现多资产多策略投资跨越式发展的实践探索。该体系创新性整合了"指 数+""多元+""全球+""权益+""另类+""结构+""信用+"七大系列,构建起"投资策略化—策略指数化—产 品标签化"的完整闭环。 为响应金融强国建设部署、践行"金融为民"使命,近日徽银理财推出战略级成果——"星徽+"多资产多 策略产品体系,并发布首只自主研发的大类资产配置策略指数"徽银理财宏观配置指数"。 这一举措既是响应金融强国 ...
银行理财“打新”再下一城,未来布局节奏加快?
Guo Ji Jin Rong Bao· 2025-08-08 01:50
Core Viewpoint - The participation of bank wealth management subsidiaries in A-share IPO subscriptions marks a significant development in China's capital market, indicating a shift towards direct financing and a potential restructuring of market dynamics and valuation systems [4][5][8]. Group 1: Recent Developments - Ningyin Wealth Management has directly participated in offline IPO subscriptions as an A-class investor, with seven of its products successfully entering the effective bidding lists for three companies: Hansan Technology, Tianfulong, and Guangdong Jianke [1][2]. - As of August 7, 2023, Tianfulong and Guangdong Jianke are set to list on the Shanghai Stock Exchange, while Hansan Technology has already listed on the Shenzhen Stock Exchange [2]. - Ningyin Wealth Management's products have collectively secured allocations of 4,263 shares of Tianfulong, 13,114 shares of Guangdong Jianke, and 4,886 shares of Hansan Technology, with total investment amounts of approximately 10.06 million yuan, 8.6 million yuan, and 14.13 million yuan respectively [2]. Group 2: Market Implications - The involvement of bank wealth management subsidiaries in IPOs is seen as a key step in the reform of China's capital market, which could lead to a more stable investment environment and a more rational pricing mechanism for new stocks [4][5]. - Experts believe that the stable funding characteristics of bank wealth management can help mitigate market volatility and improve the investor structure in the A-share market [4]. Group 3: Future Outlook - The participation of bank wealth management in A-share IPOs is expected to accelerate as regulatory policies evolve and as firms enhance their research capabilities [8]. - The successful experiences of companies like Guangda Wealth Management and Ningyin Wealth Management are likely to serve as models for other institutions, encouraging them to adopt similar strategies in capital market participation [8].
平安理财首席固收投资官王阳:在“净值2.0时代”锻造理财“韧性收益力”
Zhong Guo Zheng Quan Bao· 2025-08-08 01:13
Core Viewpoint - The core viewpoint emphasizes that the definition of stability in bank wealth management should shift from "zero volatility" to achieving higher long-term performance while strictly controlling drawdowns in the context of the "Net Value 2.0 Era" [3][4][9] Group 1: Market Environment and Challenges - The reduction in coupon yields has led to increased volatility in wealth management product returns, as the protective "buffer" provided by higher yields has diminished significantly [4][5] - Regulatory policies are accelerating the transition to net value management in the banking wealth management industry, resulting in larger fluctuations in product net values compared to the past [4][6] Group 2: Investment Strategy and Performance - The company aims to create products with a high Calmar ratio, focusing on maximizing long-term performance while controlling drawdowns [5][6] - The investment strategy is driven by trading capabilities rather than asset-driven models, allowing the company to maintain yield levels despite market fluctuations [6][7] - The firm has been proactive in developing multi-asset and multi-strategy investment approaches to adapt to the low-interest-rate environment [6][7] Group 3: Client Adaptation and Trust Building - The company has categorized its product lines into low, medium-low, and medium volatility products to match client risk preferences accurately [8][9] - Building long-term trust with clients is crucial, and the company has implemented mechanisms such as weekly product reports and regular client education activities to foster this trust [8][9]
上半年理财规模增长两极分化 部分城商行理财子增速超20%
2 1 Shi Ji Jing Ji Bao Dao· 2025-08-08 00:35
"今年同行规模涨得太多,给了我们很大的压力,600亿以上的规模增长,竟然在同行中排名垫底。"临 近年中,一家城商行理财子人士对记者吐槽。 具体来看,城商行理财子中,规模增幅最大的是宁银理财,截至6月底规模超6000亿元,较年初增长 25%以上;其次是苏银理财,规模仍是城商行里最大的,接近7500亿元,较年初增长了近20%;杭银理 财规模较年初增长17%左右,规模超5000亿元;南银理财较年初增长了近15%,规模来到了5500亿元上 下;北银理财规模较年初增长超10%,规模为4000多亿元。 整体来看,城商行理财子规模前五中,前四家被长三角地区的理财子包揽,依次为苏银理财、宁银理 财、南银理财、杭银理财,最后一家为北银理财,规模也分别沿着7000亿、6000亿、5000亿、4000亿元 递延,其中在5000亿元规模区间,南银理财和杭银理财竞争胶着,目前杭银理财增势更猛。 虽然不如城农商行理财子增幅大,但是一些股份行理财子也在原本存续规模基数较大的基础上,继续稳 定增长,规模也不断突破原有上限。 有人欢喜,有人忧。《中国银行业理财市场半年报告(2025年上)》数据显示,截至2025年6月末,理 财公司存续产品只数 ...