What do bank wealth management products refer to? Ask for an explanation.

According to the interpretation of the standard, bank wealth management products should be capital investment and management plans developed, designed and sold by commercial banks for specific target customers based on the analysis and research of potential target customers. In the investment mode of wealth management products, banks only accept the funds entrusted by customers, and the investment income and risks are borne by customers or both customers and banks in an agreed way.

According to different currencies, wealth management products are divided into 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.

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) In March, 2008, China Everbright Bank launched high-yield foreign currency financing 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.

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