The transformation of net worth has progressed steadily.
According to the report released by the Banking Financial Registration Trust Center on August 13, by the end of June 20021,the scale of financial products had reached 25.80 trillion yuan, up 5.37% year-on-year; In the first half of the year, commercial banks and wealth management companies issued a total of 25,500 new products, raising a total of 62.4 1 trillion yuan, creating a total income of 465.438+0.375 1 billion yuan for investors.
With the countdown to the transition period of the new asset management regulations, the standardized transformation of wealth management products has achieved remarkable results, mainly in two aspects: the continuous pressure drop of capital preservation products and the further reduction of the scale of interbank wealth management. The data shows that by the end of June 20021year, the balance of capital-guaranteed products was 0.10.5 trillion yuan, down 90.68% year-on-year; The balance of interbank wealth management was 27 1.88 billion yuan, down 30.45% from the beginning of the year and 62.78% from the same period last year. The scale of interbank wealth management accounts for less than 2% of all wealth management products.
Beijing business today reporter noted today that while speeding up the disposal of capital-guaranteed products and stock assets, the degree of net worth is also constantly improving. By the end of June, 20021,the scale of net-worth wealth management products reached 20.39 trillion yuan, an increase of 17. 18% compared with the beginning of the year, and an increase of 5 1.06% compared with the same period of last year. Net worth products accounted for 79.03% of the balance of all wealth management products, up 1 1.75 percentage points from the beginning of the year.
With the continuous issuance of net-worth wealth management products, the number of investors holding net-worth wealth management products is also on the rise. The number of investors in open net worth products has obviously accelerated, while the number of investors in non-net worth products has gradually decreased. Reflected in the data, in the first half of 20021,the proportion of investors holding net worth wealth management products was 94.80%, which was about 24 percentage points higher than that of the same period last year. This also intuitively reflects that investors' acceptance of net worth wealth management products is constantly improving.
According to Zhou, a senior expert in financial supervision and policy, the report card of the mid-term exam of bank financial management performed faster. At present, the proportion of net-worth wealth management products has reached 80%, and the proportion of investors holding net-worth wealth management products is 94.80%, which shows that most investors have the experience of buying net-worth wealth management products, which has laid a good foundation for subsequent product marketing. As the transition period approaches, commercial banks will continue to compress non-net-worth wealth management products.
Fixed income products still dominate.
Under the background of net-worth transformation of wealth management products, fixed-income wealth management products still occupy a dominant position, and their survival scale and proportion continue to increase. According to the data in the report, as of the end of June, the balance of 202 1 fixed income wealth management products was 22.75 trillion yuan, up by 4.3 1% compared with the beginning of the year, up by 15.04% year-on-year, accounting for 88. 18% of all wealth management products.
Why do fixed-income wealth management products dominate for a long time? Dong Ximiao, chief researcher of Zhilian Finance, said that the investor structure, risk preference and investment and research ability of bank wealth management determine that wealth management products are mainly fixed-income products for a long time. From the perspective of investors' risk preference, although investors' acceptance of net worth wealth management products has greatly increased, investors still prefer wealth management products with lower risk.
With the compression of stock financing since the new asset management regulations, the investment value of bank financing equity market is constantly emerging for the sake of stabilizing the scale, hedging the risk of single market decline and meeting the financing needs of high-risk customers. In the first half of 20021,the balance of equity wealth management products was 84.3 billion yuan, an increase of 10. 15% compared with the beginning of the year, and an increase of 1.54% compared with the same period of last year, accounting for 0.33% of the balance of all wealth management products.
However, beijing business today reporter noticed today that compared with the growth of fixed income and equity products, the remaining balance of mixed wealth management products declined slightly. By the end of June, 2002/kloc-0, the balance of mixed wealth management products was 2.96 trillion yuan, down 25.44% from the beginning of the year and 35.89% from the same period of last year, accounting for 1 1.49% of the balance of all wealth management products.
"The balance of mixed products has declined. On the one hand, from the demand point of view, in order to protect the rights and interests of financial consumers, commercial banks have adjusted the investor rating standards since 20021. The general idea is conservative, and the risk rating of customers has moved down to a certain extent, which also leads to the decrease of customers who buy mixed products. On the other hand, from the perspective of supply, the stock market fluctuated greatly this year, and the net value of mixed products fluctuated obviously. Commercial banks and wealth management companies have also appropriately adjusted the supply of products. Zhou pair analyzed.
The balance of mixed wealth management products has declined, while commodity and financial derivatives wealth management products are rarely laid out. As of the first half of 20021,the balance of wealth management products of commodities and financial derivatives was only 1 1 100 million yuan.
Talking about the reasons for the large difference in the proportion of existing wealth management products, Wang Hongying, president of China Financial Derivatives Investment Research Institute, believes that it took less than four years for bank wealth management to change from guaranteed income to net worth, and customers are still in the process of changing and accepting. Therefore, the strategy adopted by commercial banks is relatively stable and conservative. In addition, the realization of the A-share market this year is not ideal, and the layout of equity wealth management products is relatively cautious, while the risks of commodities and financial derivatives are relatively high. Usually, private equity institutions are operating, which is safer and more cautious than traditional banks.
The product line can be further enriched
With the transition period of new asset management regulations coming to an end, most banks will complete the rectification before the end of 20021. For a small amount of assets that are difficult for individual banks to dispose of, the CBRC also takes targeted measures, including cases for special disposal in accordance with relevant regulations, and continuously urges relevant banks to fully implement policies, actively rectify and rectify them, and completely collect them as soon as possible. The market structure and conceptual atmosphere of wealth management products will undergo fundamental changes.
At the level of net worth transformation, the report mentioned that in the next step, bank wealth management will take net worth transformation as an important breakthrough to explore further enriching the wealth management product line. In addition to the allocation of fixed income assets, assets such as equity will be gradually allocated to meet the individualized and diversified allocation needs of investors. At the same time, under the background of building a new development pattern, the future economic kinetic energy will shift from traditional industries to areas that need long-term financial support, such as scientific and technological innovation, green industries, advanced manufacturing industries and infrastructure. On the one hand, cultivate the depth of financial investment, popularize the long-term concept and value investment concept, and provide investors with optimal allocation and reasonable income across periods and markets; On the other hand, actively participating in shaping and improving the ESG investment system and information disclosure mechanism has played a unique role in helping the country's economic transformation and upgrading, ESG investment, achieving carbon neutrality in peak carbon dioxide emissions, and rural revitalization.
Wang Hongying predicted that with more and more products, customers' pursuit of high income and risk tolerance are improving, and there will be more and more mixed products, equity products and even some financial derivatives in the next few years.
Beijing business today reporter Meng Li Haiyan