Domestic commercial banking business is generally divided into on-balance sheet and off-balance sheet. All the businesses in the balance sheet of the bank are in the table, and the off-balance sheet mainly includes acceptance business guarantee, agency investment and financing business and intermediary service business.
The wealth management business can be on-balance sheet or off-balance-sheet. In fact, off-balance sheet business accounts for 70%. The funds absorbed by its debt end are the main sources of funds for investment and financing channels such as trust plans and asset management plans, which is also commonly known as channel business or outsourcing investment.
At present, the scale of expanding data financing has reached 30 trillion yuan, of which about 5 trillion yuan has been invested in non-standard projects, and 12 trillion yuan has entered the bond market. Zhang Tao, Puxin Assets, said that a large number of listed companies have also purchased wealth management products, which is recognized by individuals and institutions as a relatively safe investment channel.
Zhang Tao of Puxin Assets pointed out that the security of bank wealth management products lies in its rigid redemption, which has existed since the birth of wealth management, and there was no "non-redemption" phenomenon before. Judging whether wealth management is on-balance sheet or off-balance-sheet, the superficial basis is whether the wealth management products are guaranteed. After the non-capital-guaranteed products default due, once the banks pay rigidly, their essence is regarded as capital-guaranteed wealth management.
People's Economic Net-Puxin Assets: No payment is no joke. Risk control should be true.