Since 20021,the pace of setting up financial subsidiaries has slowed down, and the number of financial subsidiaries approved for construction and opening has decreased compared with the previous two years. The China Banking Regulatory Commission said that he would adhere to the principle of approving one family at a time. As of February 2022, * * * has established 29 financial subsidiaries (including Sino-foreign joint venture financial companies), of which 5 are under construction, 24 are in operation and 22 have issued products.
Compared with the wealth management products issued by traditional banks, the products issued by wealth management subsidiaries show new characteristics: long term, high risk level, high performance benchmark, most products are equipped with equity assets, and the net value of products fluctuates greatly. The products issued by the financial subsidiaries of different types of banks are also very different.
On the whole, state-owned banks are difficult to rectify because of their huge stock assets, and the transformation of wealth management products to net worth is slow. After the transition period of the new asset management regulations, most state-owned banks have not completed all the tasks of net worth transformation. Since 2022, banks in China have still issued a large number of non-net-worth products. However, the product transformation quality of state-owned banks is high, and the net worth products basically meet the requirements of the new asset management regulations, with accurate valuation methods and mostly fluctuating net worth products.
The transformation progress of financial net worth of joint-stock banks is at a medium level, and the net worth fluctuation of financial subsidiaries of different joint-stock banks is different. Most financial subsidiaries have reasonable valuations and their net value fluctuates greatly, while a few financial subsidiaries still have valuation problems.
The transformation of financial net worth of city commercial banks has made rapid progress. By the end of the first half of 20021,the net value of many city commercial banks had exceeded 90%, but the financial subsidiaries of city commercial banks still generally used the cost method, and the net value of products fluctuated very little.
At present, three Sino-foreign joint venture financial management companies have opened, and two have issued new products. At present, BlackRock Jianxin Finance has only released two products, and no new products were released in 5438+ 10. Huahui wealth management products have a large circulation, but they cannot represent the product distribution of all joint venture wealth management companies.