Traditional Culture Encyclopedia - Traditional culture - What is bank financing?
What is bank financing?
According to different currencies, wealth management products include RMB wealth management products and foreign currency wealth management products.
1. RMB wealth management products
Bank RMB financial management refers to a low-risk financial management product that banks issue to individual customers based on the investment income of RMB bonds with high credit rating (including government bonds, financial bonds, central bank bills and other bonds) and pay the principal and income to customers at maturity.
High yield and strong security are the main characteristics of RMB financial management. RMB wealth management products launched by banks can be roughly divided into two categories.
(1) Traditional products mainly include funds, bonds and financial securities. This kind of product has low risk and a certain income, and the general income is about 3%.
(2) RMB structured deposits are linked to the exchange rate, which is essentially similar to similar foreign currency products, and the risk is slightly higher than that of traditional products. RMB wealth management products are more like a substitute for "regular savings". For example, the "Delibao Crimson 3" of Bank of Communications attracts investors' attention with high interest rates and monetary strategies. The investment period of this product is one year, which is divided into RMB, Australian dollar and Euro. The product yield is linked to the exchange rate performance of "a basket of currencies" (Brazil, Denmark, Norway and Turkey) against the US dollar. If the performance of "a basket of currencies" is not lower than the initial level when the investment expires, even if it is only flat, RMB products can get a return of not less than 10%.
2. Foreign currency wealth management products
In 2008, the stock market fluctuated greatly, and "preserving capital and increasing value" gradually became a new trend of financial management. In this context, major banks have launched foreign currency wealth management products to avoid short-term stock market risks.
Judging from the foreign currency wealth management products of banks, "multi-currency", "high interest rate" and "short-term" have become the most popular propaganda words.
(1) On March 17, 2008, China Everbright Bank launched high-yield foreign currency wealth management plan A products, including one-year fixed-income products in US dollars, with an expected annual yield of 7.2%; One-year fixed income products in Hong Kong dollars, with an expected annual rate of return of 6.5%; The expected annual rate of return of one-year fixed-income products in US dollars is more attractive than that of bank deposits.
(2) ABN Amro has launched two new wealth management products, namely "multi-currency index" linked to structured deposits and "a basket of strong currencies linked to structured deposits". The "multi-currency index" is linked to structured deposits, and shares the excess returns by tracking the monetary performance of eight countries including Australia and Brazil.
(3) Huiying No.3, a three-month wealth management product of "Golden Sunflower" launched by China Merchants Bank, has an expected annual rate of return of 5.0%.
(4) Everbright Bank's T-plan wealth management product with guaranteed income has been sought after by the market since its launch. The products launched range from eight days, one month, two months to four months, and the expected annual income is 3.3%, 5. 1%, 5.4% and 6.2% respectively.
Extended data
20 1 1 On August 28th, 2008, China Banking Regulatory Commission officially promulgated the Measures for the Administration of the Sale of Wealth Management Products of Commercial Banks, which came into effect on August 28th, 20 12. The Measures further require commercial banks to clearly state risks in the sales of wealth management products.
As for the risk disclosure of wealth management products of commercial banks, the Measures issued this time mainly make the following new provisions: In terms of risk disclosure, the Measures require banks to follow the principle of risk matching when selling wealth management products, and make professional risk disclosure books for wealth management products, with special emphasis on revealing many of them in easy-to-understand language.
For example, the type, duration, risk rating results, customers suitable for purchase and other information of wealth management products. It also requires examples to illustrate the investment results in the most unfavorable investment situation; In addition, there are special provisions on the rights and interests of customers. The purpose is to let investors know the specific situation of the products they invest in, especially the risks; In addition, it also puts forward the relevant provisions on customer risk tolerance rating, which is considered by the industry to be the biggest highlight of this "Measures".
Baidu Encyclopedia: Banking Financial Business
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