2025 Bank Wealth Management Subsidiary Performance Announcement: ABC Wealth Management Leads in Net Profit, Scale Structure Continues to Evolve

As the annual report disclosures of listed banks on the A-share market come to an end, the overall picture of bank wealth management subsidiaries’ operations in 2025 has emerged. The industry continues its growth trend, with management scale surpassing 33 trillion yuan, leading institutions’ advantages steadily expanding, and small- and medium-sized bank subsidiaries also demonstrating strong development momentum.

In terms of net profit indicators, Agricultural Bank of China Wealth Management topped the industry with a performance of 330k yuan, a year-on-year increase of 91.92%, becoming the biggest highlight. China Merchants Bank Wealth Management, Industrial Bank Wealth Management, China Trust Wealth Management, Bank of China Wealth Management, and China Everbright Wealth Management all exceeded 2 billion yuan in net profit, forming the first tier. Notably, Zhejiang Wealth Management, established in January 2025, achieved a net profit of 88 million yuan in its first year, with a management scale of 3.75B yuan, demonstrating the growth potential of new emerging institutions.

In terms of management scale, China Merchants Bank Wealth Management continued to lead with 2.64 trillion yuan, followed by Industrial Bank Wealth Management and China Trust Wealth Management with 2.43 trillion yuan and 2.30 trillion yuan respectively. Agricultural Bank Wealth Management and Industrial Bank Wealth Management both surpassed 2 trillion yuan, increasing the “Two Trillion Yuan Club” members to five. Among city commercial banks, Huaxia Wealth Management’s scale surged 45.82% year-on-year to 1.22 trillion yuan, while Hangzhou Bank Wealth Management, Ningbo Bank Wealth Management, and Nanjing Bank Wealth Management all exceeded 600 billion yuan, significantly enhancing regional institutions’ competitiveness.

The leading institutions’ product layouts each have their own characteristics. China Merchants Bank Wealth Management has built a comprehensive product line centered on absolute returns, focusing on brands such as “Short-term Bond Trio” and “Fixed Income Home,” and deepening the “All + Fortune” multi-asset strategy matrix. Industrial Bank Wealth Management’s fixed income products reached 2.37 trillion yuan, optimizing product offerings through integrated investment research and sales, and ranking first in the PuYi Standard comprehensive wealth management capability list for 32 consecutive quarters. China Trust Wealth Management, while consolidating its fixed income advantage, saw the scale of equity-linked products grow 79% from the beginning of the year to 182.46B yuan, accounting for 14.70%, and generated investment returns of 26.4k yuan for clients in 2025.

Among city commercial bank wealth management subsidiaries, Ningbo Bank Wealth Management led with a net profit of 970 million yuan, a year-on-year increase of 30.38%. The institution has built a “Fixed Income+” characteristic product line, covering different risk preferences and investment cycle needs. Data shows that the total scale of bank wealth management products reached 33.29 trillion yuan in 2025, an 11.16% increase from the beginning of the year. The industry’s expansion trend is evident, and the pattern of institutional differentiation is further emerging.