布局"固收+"及权益类产品 证券时报记者刘艺文 利率持续下行叠加市场波动加剧，券商资管如何调整产品布局、优化投研体系等，成为业界关注的核心 议题。 近日，在"第十九届深圳国际金融博览会暨2025中国金融机构年会"分论坛"2025中国证券业资产管理高 峰论坛"上，东北证券首席财富官、东证融汇总经理王钟，国证资管副总经理文庆能，华源证券资管业 务发展部总经理唐吟波，平安证券资产管理事业部副总经理黄杰等嘉宾就"低利率背景下券商资管产品 布局策略演进"展开了一场圆桌讨论。本次圆桌讨论的主持人，由中金公司资产管理部执行总经理孙坤 乾担任。 发挥券商"固收+"业务优势 "固收+"已成为券商资管应对低利率环境的核心发力点，参与本次圆桌讨论的嘉宾对此也给予了较多的 关注。 自去年"9·24"行情以来，权益与固收市场都出现了较大波动，券商资管如何调整产品策略以应对市场变 化？ "公司坚持事前布局而非临时性调整，三年前便在固收打底的基础上积极布局'固收+'及权益类产品，成 功把握住了'9·24'行情以来的机遇。"王钟表示，面对今年固收市场的不利环境与权益市场的持续行情， 公司进一步加大了多资产、全天候策略布局，在"固收+"产品中 ...

积极布局"固收+"及权益类产品 自去年"9·24"行情以来，权益与固收市场经历较大波动，券商资管纷纷调整产品策略以应对市场变化。 王钟称，公司坚持事前布局而非临时性调整，三年前便在固收打底的基础上，积极布局"固收+"及权益类产品，成功把握住了去年"9·24"行情的发展机遇。2025年以 来，面对固收市场的不利环境与权益市场的持续行情，公司进一步加大多资产、全天候策略布局，在固收+产品中融入股票挂钩期权、黄金挂钩、商品挂钩及波动 率策略等，丰富投资范围，形成与公募的差异化竞争优势。同时积极向客户宣导均衡配置理念，摆脱对固收的过度依赖，实现单一产品内部及客户持仓的多元平 衡。 唐吟波表示，华源证券自2023年被武汉国资收购后重新布局资管业务，全程伴随本轮市场调整与变化。公司坚定守住固收产品线基本盘，同时提前布局含权类产 品，于今年5月起发行权益FOF及纯权益产品，今年下半年已推出多只权益类产品，取得良好市场反响与客户认可。含权方向是中小券商资管后发赶超、打造特色 的重要机遇，未来将持续深耕这一领域。 在低利率环境持续、市场波动加剧的背景下，券商资管如何调整产品布局、优化投研体系、深耕"固收+"业务并展望未来市场走 ...

Group 1 - The core viewpoint of the news is that Xinyin Wealth Management has achieved a strong position in the banking wealth management sector, ranking second in the comprehensive ability evaluation among 200 banks in China for Q1 2023, indicating its stable market position within the top tier of the industry [1] Group 2 - In 2023, Xinyin Wealth Management focuses on "seeking progress while maintaining stability" and prioritizes qualitative improvements over quantitative growth, aiming to build a comprehensive and well-structured product system [2] - The product system includes a diverse range of offerings categorized into "6+2" types, with an emphasis on low-volatility core products and high-yield investment opportunities to meet the needs of medium to high-risk clients [2] Group 3 - The company has initiated the "Lighthouse Plan" in 2021, aligning its mission with national strategies and focusing on ten key business areas to drive strategic business development and execution [3] Group 4 - Xinyin Wealth Management emphasizes three key principles for high-quality development: customer-centric service, stable wealth management, and a long-term investment approach, aiming to enhance client satisfaction and ensure wealth preservation [4] Group 5 - As it approaches its third anniversary, Xinyin Wealth Management remains committed to serving the real economy and promoting common prosperity, focusing on enhancing the value, inclusivity, and adaptability of its wealth management services [5]

Core Viewpoint - The company, Xinyin Wealth Management, has maintained a strong position in the banking wealth management sector, ranking second in comprehensive capability for six consecutive quarters, reflecting its robust operational and product development capabilities [1][4]. Group 1: Performance and Rankings - In the second quarter, Xinyin Wealth Management achieved notable rankings: first in operational management, second in product development, fourth in revenue generation, fourth in issuance capability, and fourth in information disclosure compliance [1]. - The company has consistently been recognized for its comprehensive strength, accumulating nearly a hundred top industry honors and maintaining a solid market position [4]. Group 2: Strategic Focus and Product Development - The company adheres to a "three high, three modernization" strategy, focusing on market-oriented, digital, and platform-based approaches to enhance the quality of its services [2]. - Xinyin Wealth Management has optimized its product offerings across six categories, including monetary and equity products, to create a stable and comprehensive product system [2]. - The company aims to expand its low-volatility core product line while also launching high-yield debt and equity FOF products to meet the needs of medium to high-risk investors [2]. Group 3: Operational Excellence and Research Capabilities - Xinyin Wealth Management has established a robust operational system characterized by standardization, centralization, systematization, and intelligence, ensuring stable and professional service for its wealth management products [3]. - The company emphasizes strong research capabilities and stable operational management to support the steady operation of its wealth management products [3]. Group 4: Alignment with National Strategy - The company has aligned its development with national strategies, initiating the "Lighthouse Plan" to focus on key business areas such as common prosperity and green finance [4]. - Xinyin Wealth Management has innovated a "charity + finance" model, successfully raising over 2 billion yuan through its charitable wealth management products [4]. - The company has also developed 12 green-themed wealth management products with a total scale of 2.996 billion yuan, demonstrating its commitment to sustainable finance [4]. Group 5: Future Outlook - Xinyin Wealth Management is committed to enhancing the political, public, and professional aspects of its wealth management services, aiming to align with national strategies and explore high-quality asset management innovation paths [5].