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investment advisory weekly: bank wealth management subsidiaries have seen strong growth in size

2024-09-08

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//oneweekly headlines//

  • bank wealth management subsidiaries have seen strong growth in size
  • the total scale of public funds has reached 31 trillion yuan
  • bond funds lead in performance in the first half of the year
  • public fund stock selection focuses more on growth quality, and "hematopoietic ability" becomes a key indicator
  • sec no longer seeking to revive rules requiring hedge funds to disclose fees

// domestic investment news//

1、bank wealth management subsidiaries have seen strong growth in size. in the first half of 2024, the performance of listed bank wealth management subsidiaries showed a warming trend, with a general increase in net profit and product management scale. wind data shows that among more than 20 bank wealth management subsidiaries, 11 have a management scale of more than 1 trillion yuan and 6 have a net profit of more than 1 billion yuan. some institutions pointed out that the growth of the scale of wealth management subsidiaries is due to the fact that commercial banks have strengthened the control of deposit interest payment costs under the current pressure of narrowing net interest margins, and wealth management subsidiaries have actively iterated product strategies and improved service quality. in addition, wealth management subsidiaries have effectively expanded their customer base by expanding sales channels and strengthening online platform construction.

2、the total scale of public funds has reached 31 trillion yuan. with the disclosure of the interim report of public funds, the overall number of fund shares, individual and institutional investors in the first half of the year are presented as a whole. as of the first half of this year, the net asset value of public funds totaled 31.08 trillion yuan, successfully standing on the historical mark of 31 trillion yuan. among them, assets held by institutional investors were 15.02 trillion yuan, accounting for 48.33% of total assets; assets held by individual investors were 16.06 trillion yuan, accounting for 51.67% of total assets. compared with the past, the weight of institutional investors in the market continues to increase.