集团 21世纪经济报道 理财公司现金类公募理财 近三月业绩榜单 | 00 पुर | 产品名称 | 管理人 | 起购会额 (元) | ×间内七 目年化收 第二次日 | | --- | --- | --- | --- | --- | | | 后旗舰会4号N | 赤银理财 1 | | 2.678% | | | 启源货币3号G | 示银理财 | T | 2.652% | | | 北京都市场市场市场市场市 JIHO | 招银理财 0.01 | | 2.127% | | 4 | 现金管理类理财产品42号A | 华夏暖财 | 0.01 | 2.068% | | 5 | 老師 2000年 16:31:53 100 JA | 招银理财 0.01 | | 2.037% | | 6 | ■密表示 天和309号现金管理型安顺 产品B类 | 信银理财 | 1 | 1.951% | | | // 17 / 1 / 2 | | | | | 7 202017期D 025917期D | | | 1.916% | | --- | --- | --- | --- | | 浦银理财 0.01 | 8 | | 1.891% | | 9 1 | 邮鸿 ...

Group 1 - The article discusses the performance of cash management public funds in the past six months, highlighting the top-performing products and their annualized returns [1][5] - As of January 29, 2026, there are a total of 6,575 cash management products, with 6,541 in RMB and 33 in USD, showing a diverse range of offerings in the market [8] - The average annualized return for RMB cash management products over the past six months is 1.310%, with nearly 90% of products yielding between 1% and 1.5% [8] Group 2 - The top three cash management products include "启源现金4号N" by 苏银理财 with a return of 2.839%, "启源货币3号G" by 示银理财 with 2.733%, and "招赢日日金96号" by 招银理财 with 2.128% [2][3][9] - The "招赢日日金96号" product primarily invests in interbank certificates of deposit, interbank deposits, and short-duration high-grade credit bonds, with a significant holding in "21中信银行永续债" at 6.48% [9] - Starting February 1, 2026, the management fee for "招赢日日金96号" will be reduced from 0.3% to 0.02%, representing a decrease of over 90% [10]

Overall Performance - As of December 25, the average seven-day annualized yield for RMB public cash management products over the past six months is 1.325%, while for USD cash products, it is 3.756% [6] - There are a total of 6,458 RMB public cash management products, with only 26 products having an average yield exceeding 2% over the past six months. Additionally, 44 products have yields below 1%, and over 80% of products have yields between 1% and 1.5%, totaling 5,594 products [6] - The top-performing institutions include Su Yin Wealth Management with an average yield of 1.644%, followed by Bei Yin Wealth Management at 1.619% and Yu Nong Commercial Wealth Management at 1.584%. Conversely, Pu Yin Wealth Management and Zhao Yin Wealth Management have lower average yields of 1.223% and 1.205%, respectively [6] Product Rankings - Su Yin Wealth Management's "Qi Yuan Cash No. 4 N" and "Qi Yuan Currency No. 3 G" rank first and second, with yields of 2.904% and 2.793%, respectively. The third place is held by Zhong You Wealth Management's "You Hong Bao 38 RMB Wealth Management Product A" with a yield of 2.164% [6] - The ranking is based on real-time automated rankings from Li Cai Tong AI, and the data is valid until December 25, 2025 [5] Product Anomalies - The "You Hong Bao 38 RMB Wealth Management Product A" has shown significant yield fluctuations, with a notable spike in yield on December 3, reaching 1.2235 per ten thousand units, before dropping to around 0.43 and fluctuating within that range [7] - The product was established on June 17, 2025, and had no reported operational updates since its inception, leaving the reasons for yield anomalies unclear [7]

Core Insights - The report highlights the performance of cash management public financial products over the past three months, indicating a decline in yields for RMB cash products while USD products maintain higher returns [5][6]. Group 1: Product Performance - The top-performing cash management products include "启源现金4号N" by 苏银理财 with a seven-day annualized yield of 2.948% and "启源货币7号B" with 2.858% [2][6]. - The average seven-day annualized yield for RMB cash management products is reported at 1.301%, with 26 products exceeding 2% and 108 products below 1% [5]. - USD cash management products have an average yield of 3.653%, indicating a continued advantage over RMB products [5]. Group 2: Fee Adjustments - In response to low yields, several financial companies, including 中银理财 and 招银理财, have announced fee reductions for their products, with some fees dropping to as low as 0.01% [6]. - The top product, "启源现金4号N," has reduced its sales service fee and investment management fee to 0.10% per year [6]. - 中邮理财's "邮鸿宝41号人民币理财产品A" has also lowered its fixed management fee to 0.01% per year during a specified period [6].

Core Insights - The report highlights the performance of cash management public financial products over the past three months, indicating a decline in yields for RMB-denominated products while USD-denominated products maintain higher returns [5][6]. Group 1: Performance Overview - As of December 18, 2025, there are 7,156 cash management public financial products, with 7,119 in RMB, 36 in USD, and 1 in AUD [5]. - The average seven-day annualized yield for RMB cash management products is 1.301%, with 26 products exceeding 2% and 108 products below 1% [5]. - In contrast, USD cash management products have an average yield of 3.653% over the same period [5]. Group 2: Top Performing Products - The top-performing product is "启源现金4号N" from 苏银理财, with a seven-day annualized yield of 2.948% [6]. - "启源货币7号B" from 苏银理财 follows with a yield of 2.858% [6]. - Other notable products include 中邮理财's "邮鸿宝41号人民币理财产品A" with a yield of 2.465% and 华夏理财's "现金管理类型财产品42号A" with a yield of 2.247% [2][6]. Group 3: Fee Adjustments and Market Trends - Since October 2025, several financial companies, including 中银理财 and 招银理财, have announced fee reductions to attract investors, with some products lowering management fees to as low as 0.01% [6]. - The top product, "启源现金4号N," has reduced its sales service and investment management fees to 0.10% per year [6]. - The trend of fee reductions is noted as a response to low interest rates and regulatory pressures, leading to a "fee reduction wave" in the market [6].

Core Insights - The report highlights the performance of public cash management products issued by financial companies over the past six months, indicating a downward trend in yields for both USD and RMB cash products [5][6]. Group 1: USD Cash Management Products - As of November 27, 2025, there are 30 USD cash management products in existence, primarily investing in low-risk assets such as cash, bank deposits, and USD bonds [5]. - The average annualized yield for USD cash products has dropped to the "3" range, with a six-month average yield of 3.825% [5]. - The Federal Reserve's two rate cuts in September and October 2025, totaling 50 basis points, have contributed to the decline in yields for underlying assets [5]. Group 2: RMB Cash Management Products - There are 5018 RMB cash management products currently in existence, with a six-month average annualized yield of 1.336% [6]. - Only 17 RMB products have yields exceeding 2%, while the number of products with yields below 1% has increased to 23 [6]. - The top-performing RMB cash management products are from Beiyin Wealth Management and Suyin Wealth Management, with average yields of 1.670% and 1.649%, respectively [6]. Group 3: Performance of Specific Products - The "Qiyuan Cash 4号N" from Suyin Wealth Management remains the top product, although its yield has been on a downward trend since mid-October, reaching 2.92% by November 27 [6].

Core Insights - As of October 30, there are a total of 5,722 public cash management products from wealth management companies in China [1] - The average annualized yield over the past six months for RMB cash management products is 1.378%, with only 16 products exceeding 2% [6] - The average annualized yield for USD cash management products is 3.879%, although this has been declining due to recent interest rate cuts by the Federal Reserve [5][6] RMB Cash Management Products - There are 5,691 RMB cash management products currently in existence [6] - The top five performing institutions in terms of average annualized yield over the past six months are: - Beiyin Wealth Management: 1.697% - Suyin Wealth Management: 1.667% - Yunan Rural Commercial Bank Wealth Management: 1.648% - Hengfeng Wealth Management: 1.613% - Nanyin Wealth Management: 1.606% [6] USD Cash Management Products - There are currently 30 USD cash management products, with only one product, "Bank of China Wealth Management - QDII Daily Plan (USD Version) U," yielding over 4% [5][6] - The average annualized yield for USD cash management products has been affected by the Federal Reserve's interest rate cuts, leading to a downward trend in overall yields [5] Top Performing Products - The top three RMB cash management products based on average annualized yield over the past six months are: - "Suyin Cash 4 No. N": 2.922% - "Suyin Currency 3 No. G": 2.875% - "Beiyin Wealth Management - Jinghua Vision Spring Series Easy Gold 3 No. A": 2.103% [6]

Core Insights - The article highlights the current state of cash management products in the market, focusing on both RMB and USD cash products, their performance, and the leading institutions in this sector [1][6]. Summary by Sections Cash Management Products Overview - As of October 30, there are a total of 5722 public cash management products available from various financial institutions [1]. - Among these, 5691 are RMB cash management products, with an average annualized yield of 1.378% over the past six months [6]. - There are 30 USD cash management products, with an average annualized yield of 3.879% over the same period, indicating a yield advantage over RMB products [6]. Performance of Leading Products - The top-performing cash management products include: - "启源现金4号N" from 苏银理财 with a yield of 2.922% - "启源货币3号G" from 苏银理财 with a yield of 2.875% - "京华远见" from 北银理财 with a yield of 2.103% [3][7]. - Only 16 RMB products have yields exceeding 2%, while 11 products have yields below 1% [6]. Institutional Performance - The top five institutions based on performance are: - 北银理财: 1.697% - 苏银理财: 1.667% - 渝农商理财: 1.648% - 恒丰理财: 1.613% - 南银理财: 1.606% [6]. - The remaining institutions have yields ranging from 1.2% to 1.6% [6]. Trends and Market Dynamics - The article notes a downward trend in USD cash management product yields due to recent interest rate cuts by the Federal Reserve, which have reduced the federal funds rate to 3.75%-4.00% [6]. - The only USD product yielding over 4% is "中银理财-QDII日计划(美元版)U," with a yield of 4.003% [6].

Core Insights - The report highlights the performance of cash management public financial products from various financial institutions over the past six months, indicating a competitive landscape in the cash management sector [1][5]. Group 1: Performance Metrics - As of October 30, 2025, there are a total of 5,722 public cash management products in existence, with an average annualized yield of 1.378% for RMB cash products [5]. - Among the RMB cash products, only 16 have an average annualized yield exceeding 2%, while 11 products yield below 1% [5]. - The top five performing institutions in terms of average annualized yield are Beiyin Wealth Management (1.697%), Suyin Wealth Management (1.667%), Yunan Rural Commercial Bank Wealth Management (1.648%), Hengfeng Wealth Management (1.613%), and Nanyin Wealth Management (1.606%) [5]. Group 2: Top Products - The top three cash management products based on average annualized yield over the past six months are: 1. Suyin Wealth Management's "Qiyuan Cash No. 4 N" at 2.922% 2. Suyin Wealth Management's "Qiyuan Currency No. 3 G" at 2.875% 3. Beiyin Wealth Management's "Jinghua Yuanspring Series Yitaojin No. 3" at 2.103% [6]. - Only five products in the current ranking have an average annualized yield above 2% [6]. Group 3: USD Cash Products - There are currently 30 USD cash products, with an average annualized yield of 3.879% over the past six months [5]. - The only USD cash product yielding over 4% is "Bank of China Wealth Management - QDII Daily Plan (USD Version) U," with an average annualized yield of 4.003% [5].

Overall Performance - As of October 23, there are a total of 6,593 public cash management products from wealth management companies, with 6,559 in RMB, 33 in USD, and 1 in AUD [5] - The average seven-day annualized yield for RMB cash products over the past three months is 1.335%, with only 34 products exceeding 2%, and nearly 90% of products yielding between 1% and 1.5% [5] - The average seven-day annualized yield for USD cash products is 3.842% [5] - The top three products by yield are "启源现金4号N" and "启源货币3号G" from 苏银理财, and "招赢日日金96号" from 招银理财, with yields of 2.971%, 2.777%, and 2.187% respectively [5] Product Analysis - "启源现金4号" from 苏银理财 has been consistently ranked among the top cash products since mid-September 2023, with a yield range of 1.26% to 2.99% as of September 30, 2023 [6] - As of October 23, the N share of "启源现金4号" has a yield of 2.98%, corresponding to a return of 0.8045 yuan per ten thousand [6] - The management has increased the proportion of high-yield asset management plans in response to rising market interest rates, although specific investment ratios were not disclosed [6] - "启源货币3号" was established in March 2025, with its top ten assets including cash, bank deposits, interbank certificates of deposit, and ordinary bonds from policy banks [6] - The G share of "启源货币3号" has a yield of 2.64% as of October 23, with a return of 0.7510 yuan per ten thousand [6] - The product has increased its investment in deposits and repurchase agreements while selectively allocating to bond assets during the third quarter [6]