As of September 25, 2025, the average net value growth rate for 6-12 month mixed wealth management products from wealth management companies was 6.22% over the past year.

Data Explanation:

The product statistics cover publicly offered mixed wealth management products with 6-12 month terms from wealth management companies. The data is current as of September 25, 2025, with the statistical period covering the past year.

I. Overall Performance

As of September 25, 2025, the “9·24” new policy has been in effect for one full year. Data shows that 6-12 month mixed wealth management products from wealth management companies achieved an average net value growth rate of 6.22% over the past year, with an average maximum drawdown of 1.45%. Among institutions, wealth management companies from Ningbo Bank, Hangzhou Bank, Guangzhou Bank, CITIC Bank, and Nanjing Bank performed relatively well, with their mixed products in this term category achieving average net value growth rates exceeding 10% over the past year.

In the individual product performance rankings, Ningbo Bank Wealth Management’s “Ningying Mixed Carbon Neutrality No. 1 (minimum holding period 1 year)” and “Ningying Dividend Select No. 1 (minimum holding period 1 year)” ranked first and second with one-year net value growth rates of 36.56% and 26.49% respectively. Hangzhou Bank Wealth Management’s “Happiness 99 Excellence Mixed (equity growth selection) 365-day holding period” ranked third with a one-year net value growth rate of 19.66%.

II. Featured Product Analysis

Ningbo Bank Wealth Management’s “Ningying Mixed Carbon Neutrality No. 1 (minimum holding period 1 year)” is a PR4 (medium-high risk) equity-oriented mixed wealth management product. Due to its relatively high equity allocation, this product exhibits characteristics of both high returns and high drawdowns.

As of the end of the first half of the year, this product allocated 72.1% to equity assets, with the remaining funds primarily invested in bonds and public funds. The top ten holdings mainly consisted of strong individual stocks in the non-ferrous metals and energy sectors, such as China Hongqiao, Goldwind Technology, and Zijin Mining. Due to previous weakness in the equity market, this product had been trading below net asset value for an extended period. Following the recovery in non-ferrous metals sector performance, the product completed its net value restoration in July 2025. As of September 26, its cumulative net value reached 1.195063.

The “Ningying Dividend Select No. 1 (minimum holding period 1 year)” maintains an equity allocation exceeding 60%, with individual stock holdings showing preference for the consumer sector. As of the end of the first half of the year, this product allocated 66.41% to equity investments. In addition to China Hongqiao, the product also holds consumer stocks such as Midea Group, Heilan Home, and Bosideng.

Ningbo Bank

Ningbo Bank, also known as the Ningbo Financial Museum, is a historic financial institution building located in Ningbo, China. Originally constructed in the 1930s during the Republican era, it represents the city’s significant role as a major financial hub in modern Chinese history. Today, it serves as a museum showcasing the development of banking and finance in the Ningbo region.

Hangzhou Bank

Hangzhou Bank is a modern commercial bank founded in 1996, headquartered in Hangzhou, Zhejiang Province, China. It has played a significant role in supporting regional economic development, particularly in the Yangtze River Delta, by providing financial services to local businesses and residents.

Guangzhou Bank

Guangzhou Bank is a major commercial bank headquartered in Guangzhou, China, founded in 1996. It has played a significant role in supporting the economic development of the Guangdong province and the Greater Bay Area. As a modern financial institution, it provides a wide range of banking services to both individual and corporate clients.

CITIC Bank

CITIC Bank is a major commercial bank in China and a subsidiary of the CITIC Group, one of the country’s largest state-owned investment conglomerates. It was originally established in 1987 as an important part of China’s economic reforms, with a focus on supporting international trade and investment. Today, it operates as a full-service bank with a significant presence both domestically and internationally.

Nanjing Bank

Nanjing Bank is a modern Chinese commercial bank founded in 1996, with its headquarters located in Nanjing, Jiangsu Province. It has expanded to become a significant regional bank serving the Yangtze River Delta area. While not a historical site, it represents the economic development and financial reforms in China since the late 20th century.

China Hongqiao

Hongqiao is a major transportation and commercial hub in Shanghai, China, best known for the Shanghai Hongqiao International Airport and the adjacent Hongqiao Railway Station. Historically, the area was agricultural land before its development accelerated in the early 20th century with the opening of the airport in 1921. Today, it forms a vital integrated transport center connecting high-speed rail and air travel, serving as a key gateway to the city.

Goldwind Technology

Goldwind Technology is a leading Chinese wind turbine manufacturer founded in 1998, originally starting as a wind farm developer before transitioning into turbine production. The company has played a significant role in China’s renewable energy expansion and has grown into one of the world’s largest wind turbine suppliers, known for its permanent magnet direct-drive turbine technology.

Zijin Mining

Zijin Mining is a leading Chinese mining company, not a specific place or cultural site. It was founded in 1993 and is named after its first major asset, the Zijinshan Gold-Copper Mine in Fujian Province. The company has grown to become a major multinational corporation with mining projects for gold, copper, zinc, and other minerals across China and internationally.