The investment field of insurance asset management is constantly expanding, and the new territory is the brokerage business in which only banks participated in similar cooperation before.
It was learned that Taikang Asset Management Co., Ltd. 1 was successfully raised on July 1 1. From the perspective of transaction structure, the product regards the income right of securities firms' wealth management as an asset package, and the insurance asset management company sets up a directional asset management plan and takes this asset package as the investment target. However, yesterday, I failed to dial the telephone number published on Taikang Assets website, and I failed to understand the specific operation mode. According to the industry, the annualized rate of return of the debt asset management products of the two companies is between 5.8% and 6.5%. It is expected that the yield of this product is close to the deposit asset management products launched by Taikang Asset Management.
Insurance is the first to promote brokerage wealth management income rights products.
The innovation space of insurance asset management products is expanding. Established a bond investment income right insurance asset management product that is fully invested in securities financing business. In July this year 1 1, innovative product Taikang Assets SteadyNo. 1 The debt asset management product was successfully raised. According to Taikang Asset Management Company, this series of products can continue to be issued after the first product is issued.
Taikang Asset Management said that under the premise of strictly controlling risks, managers strive to realize the stable appreciation of product assets by carefully selecting counterparties, dynamically tracking risk limit management, continuously marking positions, repurchasing basic assets and other investment strategies, as well as investing in the financing business of securities companies.
This product has low risk. From the perspective of transaction structure, the income right of brokerage financing is regarded as an asset package, and the insurance asset management company sets up a directional asset management plan and regards this asset package as the investment target. In fact, this asset package is equivalent to collateral. According to the operation mode disclosed in the industry, the general contract will list the provisions of the full repurchase of the asset package after the broker agrees to expire. However, yesterday, I failed to dial the telephone published on Taikang Assets website and failed to understand the specific operation mode.
According to the current product operation, Steady 1 was established in July 1 1, and the unit net value of July 3 1 .0035 yuan, while the cumulative unit net value was 1.0082 yuan as of August 29th. From the perspective of product design, although it is an innovative product, the return rate of investors as investors is not low. The performance benchmark of this series of products is the 6-month RMB loan benchmark interest rate of financial institutions announced by the People's Bank of China. Du Nan reporter learned that if calculated according to the benchmark interest rates of 5.6% for half a year and 6% for one year adjusted by the People's Bank of China on July 6, 20 12, the yield of this series of products is obviously similar to that of the deposit asset management products launched before Taikang Asset Management.
The two businesses of securities companies are progressing rapidly.
It is an innovation in the industry for securities companies to set up the income right of asset management products financing bonds. Previously, only banks and brokers had similar cooperation. As the project party of asset management products, brokers have little room for spreads. It was learned from insiders yesterday that the annualized rate of return of the debt asset management products of the two companies is between 5.8% and 6.5%. Correspondingly, according to insiders, brokers lend to customers at an annualized financing rate of 8.6%, earning a spread of about 2%.
In fact, from the financing channels of securities firms, refinancing, borrowing funds in the interbank market and issuing short-term bonds are short-term financing methods, while issuing corporate bonds and increasing capital and shares are long-term financing methods. The innovative business of choosing the transfer of the income right of the two companies stems from the capital demand of the two companies. In fact, on March 3rd, 20654381,with the consent of the State Council, China Securities Regulatory Commission launched a pilot margin financing and securities lending business for securities companies, and the demand for margin financing and securities lending was great.
According to the data of margin financing and securities lending of China Securities Company, as of September 9 this year, the balance of margin financing and securities lending in the two cities was 5.4141600 million yuan, including 536.689 billion yuan in financing and 4.727 billion yuan in securities lending. Among them, the financing purchase amount accounts for 13. 13% of the A-share transaction amount, and the short selling amount accounts for 1.09% of the A-share transaction amount. Du Nan reporter found that the balance of margin financing and securities lending in the two cities was 89.463 billion yuan on February 365.438+0, 2065.438+03, and it had increased to 346.547 billion yuan on February 365.438+03, an increase of 2.9 times.
Refinancing channel is an important channel for securities companies to obtain funds. In fact, securities companies engaged in margin financing and securities lending can borrow from China Securities Finance Co., Ltd. if their own funds or securities are insufficient. It is reported that because the current funds are not as tight as in 20 13, the cost of obtaining funds for brokers is lower than last year. According to the inquiry, more than 80 brokers can borrow funds through refinancing channels, and the interest rate of refinancing for half a year (182 days) is about 5.8%, which is much lower than 7. 1% in September of 20 13.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.