bingomaker| The new "National Nine Articles" was released for a full month. The issuance of bank financial assets and rights-containing products will speed up, and the proportion of equity asset investment is expected to gradually increase
Source: financial Union
The new "National Nine articles" is officially released on the full moon. Among themBingomakerThe policy encourages bank financial management and trust funds to actively participate in the capital market and enhance the scale of equity investment. A reporter from the Financial Associated Press found that bank wealth management companies have increased the layout of wealth management products with rights, and the recent issuance of related wealth management products has been significantly accelerated.
Industry insiders analyzed to the Financial Associated Press that, in fact, with the recovery of the market and the release of encouraging signals from policies, a number of planners have made efforts to invest in rights and interests this year, resulting in an increase in the circulation of products with rights. The new "National Nine articles" encourages bank wealth management products to enhance the scale of equity investment by participating in the capital market, which provides financial management companies withBingomakerThere is more room for business innovation, which can increase the design innovation of stock and hybrid financial products.
Acceleration of the release of authorized wealth management products
According to the arrangement, on May 14, Xingyin Financial Management will issue "Xingyin Financial Management Fuli evergreen six months fixed No. 5 mixed financial products". From the perspective of data, since the release of the new "National Nine articles", the issuance of proprietary products by bank wealth management companies has accelerated significantly. According to the incomplete statistics of China Financial Management Network, Richizi issued 13 mixed wealth management products from April 13 to 30, compared with 9 from March 13 to 31 last month. Specifically, since April 13, mixed financial products have been issued, including Agricultural Bank of China Finance, Bank of China Financial Management, China Merchants Bank Financial Management, Everbright Financial Management, Ping an Financial Management, Hangzhou Bank Financial Management, and people's livelihood Financial Management.
Such as Ping an Financial Management "Ping an Financial Intelligence to enjoy Macro-configuration for 180 days to hold No. 1 mixed Financial products" raised on April 24, Hangzhou Bank Financial Management "Happy 99 excellent mixture (value selection) 1-year holding period" product collection began on April 25. Agricultural Bank of China Financial Management "Agricultural Bank of Agricultural Bank Financial Management, Agricultural Bank of China concentric Linglong value selection of the 40th issue of financial products" began to subscribe on April 26. Among them, the Agricultural Bank of China financial product introduction said that the product carries out strategic and tactical asset allocation of fixed income varieties and equity varieties through a top-down approach, and its performance benchmark is 3.Bingomaker.40% Mutual 4Bingomaker.80%, mainly invest in fixed income assets such as money market instruments and bonds, and allocate equity assets according to market conditions.
In fact, this year, a number of wealth managers have made efforts to lay out equity investments and explore the issuance of financial products with rights. At the beginning of the year, China Banking said in an interview with the Financial Associated Press that the company is preparing a series of brands with rights, and in the follow-up, it will further increase the construction of equity investment and research team and the layout of products with rights. It is understood that through fixed collection and a small number of equity positions, CMB has successively launched eight series of weighted product lines, such as "value +, dividend +, quantitative +, structure +, Bond +, Global +, Gold +, Diversified +".
"the weighted wealth management products of banks take fixed income assets such as bonds as their bottom positions, contribute relatively sound income to the products, and allocate equity assets such as stocks, stock funds or index funds with a small number of positions to enhance the income elasticity of the products. its investment scope is more diversified, the investment structure is more balanced, and the product income fluctuates less." According to a financial manager, weighted financial products can effectively disperse asset allocation and balance risks. Generally speaking, the stock and bond market tends to show a reverse trend, even if there is a stock and debt "double bull" or "double bear" extreme market, the probability is low and the duration is short. Through the portfolio allocation of both stock and debt, it provides a natural risk hedging tool for authorized financial products.
The new "National Nine articles" encourages bank financial management and trust funds to actively participate in the capital market. China Merchants Bank believes that it shows that the government hopes to enhance the stability and vitality of the market by guiding more medium-and long-term funds to enter the market. For bank financial management, it means that the product side can allocate more high-quality assets and improve the diversity of asset allocation and investment efficiency. By participating in the capital market, bank wealth management products can better share the fruits of economic growth, improve the income level of wealth management products, and then improve the wealth perception of investors.
It is expected that the proportion of equity assets investment in the industry will gradually increase.
In fact, from the point of view of the type and structure of financial products, the scale of mixed and equity products is relatively small. According to the annual report of China's banking financial management market (2023), the survival scale of fixed income, mixed, equity, commodities and financial derivatives was 25.82 trillion, 860 billion, 80 billion and 40 billion respectively at the end of 2023.
Cui Shengyue, a researcher at Puyi Standards, told the Financial Associated Press that under the influence of two waves of "net breakage" in 2022, the risk appetite of bank wealth management customers declined, while the equity market performed poorly last year, so financial institutions reduced the allocation of equity assets to enhance the stability of underlying asset returns to cater to the low-wave and robust preferences of investors.
Looking forward to 2024, analysts at CITIC Construction Investment Securities believe that 2024 will be the year of optimizing the structure of financial asset allocation, the "28 law" in asset allocation will continue to be established, and the structure of 80% of safety cushion assets and 20% of return assets will not change. however, the proportion of bonds, public funds and equity assets is expected to pick up. "among the product types, the scale of mixed products and private equity wealth management products is expected to increase; joint-stock managers will speed up the issuance of theme-based wealth management products, and they will also begin to transform into specialized asset management companies in 2024."
In the view of many wealth management companies, rights and interests are one of the indispensable tracks for the high-quality development of bank financial management. The person in charge of Everbright Financial Management said in an interview with the Financial Associated Press that no matter from the background of wealth management or based on the needs of diversified customers' financial management, they still firmly believe that rights and interests are one of the indispensable tracks for the high-quality development of bank financial management. The regulatory authorities actively guide and support the entry of bank wealth management funds into the market, which fully reflects that from the perspective of supervision, bank financial management can become an asset management organization that contains a diversified customer group structure and can provide wealth management services for different customer groups. guide financial management funds to better serve the healthy development of the capital market and support the real economy.
"with the weakening of the marginal risk in the capital market, bank financial management is expected to gradually increase the proportion of investment equity assets, which will help to expand the yield range of wealth management products and meet the demand of investors for high-yield products." A person from a wealth management company thinks.
Tags:
Prev: pennbattle3le| Okay, I will continue to generate derivative titles for you.
Next: wsoptexasholdempoker| Longpan Technology (603906.SH): Changzhou Lithium Source plans to increase capital and share shares and introduce investor Kunlun Gongrong