民生理财贵竹固收增强一年定开3号理财产品

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业绩比较基准连降难抵存款搬家 理财规模年内有望创新高
Zhong Guo Zheng Quan Bao· 2025-05-19 20:42
Core Viewpoint - Financial institutions are adjusting the performance benchmarks of wealth management products in response to the recent interest rate cuts by the People's Bank of China, although the adjustments do not fully reflect the actual decline in underlying asset yields [1][2][3]. Group 1: Adjustments in Performance Benchmarks - Institutions such as Xingyin Wealth Management and Minsheng Wealth Management have lowered the performance benchmarks of several wealth management products, with some upper limits reduced by up to 155 basis points and lower limits by up to 60 basis points [2]. - For instance, Xingyin Wealth Management's product benchmark was adjusted from 2.05%-2.75% to 2.00%-2.70%, effective from May 14 [2]. - Minsheng Wealth Management also reduced its product benchmark from 3.1%-4.0% to 2.6%-3.1%, effective from May 13 [2]. Group 2: Market Response and Asset Allocation - The decline in performance benchmarks is seen as a normal adjustment to align with the downward trend in market interest rates [2][3]. - Financial institutions are encouraged to optimize their asset allocation structures to cope with performance pressures resulting from the declining yields of underlying assets [3][4]. - The supply-demand gap for low-risk, high-yield quality assets may further widen, as banks control deposit rates and guide costs downwards [4]. Group 3: Market Trends and Predictions - The recent interest rate cuts are expected to lead to a new wave of collective rate reductions by banks, potentially increasing the scale of wealth management products to historical highs, possibly exceeding 33 trillion yuan [6]. - In April, the scale of wealth management products increased by 2.1 trillion yuan, reaching 31.3 trillion yuan, surpassing previous levels [6]. - There is a growing preference for "fixed income plus" wealth management products, which are expected to continue expanding in market share due to their risk diversification capabilities [7].
存款“搬家”撞上业绩基准“跳水”,理财规模冲33万亿有戏吗?
Bei Jing Shang Bao· 2025-05-19 13:16
从更为细化的周期来看,今年1月,理财市场存续产品总量为40871款,随后逐月递增,2月达到41068款,3月为41249款,4月进一步攀升至41895款。 存续规模总计方面,1月规模为29.86万亿元,2月增长至29.98万亿元,逼近30万亿元大关。然而,3月存续规模出现了一次明显下滑,降至28.9万亿元,4月 理财产品存续规模上升明显,突破30万亿元达到31.1万亿元。 对理财产品存续规模上升明显的原因,市场观点认为,一方面,理财规模历来呈现"季末回落、季初回升"特征。3月季末,银行出于考核等因素,资金回表 使得理财规模短暂收缩;4月季末考核结束,资金重新回流理财市场,推动规模快速修复。 另一方面,在一季度"开门红"结束后,多家中小银行自4月起密集下调存款利率,各类型银行的挂牌3年期或5年期定期存款利率多数已跌至2%以下。而理财 收益有所回升,二者利差扩大引发"存款搬家"效应,居民将存款转移至理财产品,为理财市场带来增量资金,进而推动理财规模上升。 随着4月中小银行密集打响存款降息战,3年期、5年期存款利率跌破2%红线,"存款搬家"效应增强,银行理财规模迎来大幅回升。5月19日,北京商报记者 从普益标准获悉 ...