According to the Annual Report on China's Banking Wealth Management Market (2023) released by the Banking Wealth Management Registration and Custody Center on February 2, the number of investors holding bank wealth management products reached 11.4 billion, a year-on-year increase of 1784%。A total of 3 new wealth management products were issued throughout the year110,000, raising 5708 trillion yuan.
According to the report, by the end of 2023, a total of 258 banking institutions and 31 wealth management companies across the country have existing wealth management products, and the coexisting products are 3980,000, an increase of 14 from the beginning of the year86%；The scale of existence is 2680 trillion yuan.
From the perspective of product structure, as of the end of 2023, the scale of fixed income products will be 2582 trillion yuan, accounting for 96 percent of the total scale of wealth management products34%, an increase of 1 from the beginning of the year84 percentage points.
From the perspective of product term, in 2023, the weighted average maturity of newly issued closed-end wealth management products will be between 288 days and 381 days. As of the end of 2023, the scale of closed-end products with more than one year accounted for 67 of all closed-end products02%, a decrease of 5 from the beginning of the year58 percentage points.
According to the report, the largest number of individual investors holding wealth management products are investors with a risk appetite of Level 2 (Stable), accounting for 3395%。
According to the report, as of the end of 2023, the banking wealth management registration and custody center has opened a wealth management registration system for more than 1,000 banking financial institutions that issue or sell wealth management products across the country, with a total of about 2.08 million wealth management products, about 17 million pieces of asset information, and more than 1 billion pieces of investor identity information.
Editor-in-charge: Ren Haopeng |Review: Li Zhen |Supervisor: Wan Junwei.
*: Xinhua News Agency).