Wind data shows that as of July 29, there were 44 public equity financial products in the market issued by wealth management companies, and 39 of them have positive annualized returns this year, accounting for 88%.
From the specific returns, Wind data shows that as of July 29, 19 of the 44 equity wealth management companies have continued to have annualized returns of more than 10% this year, accounting for about 43%; two have annualized returns of more than 20% this year, both of which are issued by Huaxia Wealth Management, respectively, Huaxia Wealth Management Tiangong Day Open No. 6 (Micro-Plate Growth Low-Wave Index) and Huaxia Wealth Management Tiangong Day Open No. 8 (Precious Metals Index).
Among them, Huaxia Financial Management Tiangong Daily Open No. 6 (Micro-Share Growth Low-Wave Index) has the highest yield, with an annualized yield of 32.08% this year. Wind data shows that the product has a high risk level of R5, with a purchase starting from 1 yuan. It was established on July 7, 2023. The current product scale is 0.2 million yuan and is open daily. In terms of holdings, cash and bank deposits account for 20.64%, equity investment accounts for 79.36%, and bond-free holdings.
In terms of specific asset allocation, Huaxia Financial Management data shows that Tiangong Rijiu Open No. 6 (Micro-Stock Growth Low Wave Index) is a passive index product. The tracking target is Huaxia Financial Management Micro-Stock Growth Low Wave Index, and the investment targets are mainly the target index components. According to the information released by Huaxia Finance at the end of June 2023, according to Shenwan’s first-level industry classification, the index mainly involves industries such as machinery and equipment, automobiles, basic chemicals, pharmaceutical and biological, power equipment, light industrial manufacturing, etc., accounting for 13.79%, 11.49%, 11.49%, 7.28%, 6.13%, and 5.75% respectively.
Huaxia Financial Management Tiangong Rida No. 8 (Precious Metals Index), which is also a passive index product, achieved an annualized return of 28.90% on July 29. The product tracking target is Huaxia Wealth Precious Metals Index, and 99.53% of the underlying assets are asset management products. As of June 30, the first ten holdings include Hunan Gold, Zijin Mining, Shandong Gold, CICC Gold, Hunan Silver, Guiyan Platinum, Hengbang Shares, Shanjin International, Chifeng Gold, etc.
Driven by the overall improvement of the equity market in the first half of this year, the proportion of enterprising investors has increased significantly. The semi-annual report of the banking wealth management market shows that as of the end of June 2025, the number of investors holding wealth management products reached 136 million, an increase of 8.37% from the beginning of the year. Among them, the proportion of individual investors with risk preferences of level 5 (aggressive) has continued to increase in the past year, an increase of 1.25 percentage points from the same period last year.
Puyi Standard Researcher analyzed to the reporter of the China Times that the recovery of the capital market has driven the rise in returns of equity financial products, and the attractiveness of high returns has driven the change in risk preferences of some investors. At the same time, since 2024, the regulatory authorities have guided medium- and long-term funds to enter the market, and issued relevant policies again at the beginning of 2025. Financial management companies have followed the trend to deploy equity products to attract investors who pursue elastic returns. Combined with the investment education drive of financial institutions, the proportion of high-risk investors has increased.
