The pace of bank wealth management companies' layout of mixed types, rights and interests and other proprietary wealth management products has been accelerated.
On April 26, Agricultural Bank of China Financial Management and Everbright Financial Management each had a financial product with rights to enter the initial stage of fund-raising. In addition, a number of bank wealth management companies, such as China Bank Financial Management, people's livelihood Financial Management, Bank of China Financial Management and so on, have successfully issued weighted wealth management products.
It is worth mentioning that the circulation of mixed wealth management products reached its highest level since July 2023 in April. The relevant responsible persons of a number of bank wealth management companies said that in the future, they will continue to increase the layout of financial products with rights and actively participate in the capital market.
Monthly circulation hit a new high
The ability of equity investment has always been the "deficiency" of the bank wealth management industry, and there are few equity wealth management products. However, bank wealth management companies are actively cultivating the ability of equity investment and issuing financial products with rights.
Judging from the issuance of mixed products, according to data from China Financial Management Network, bank wealth management companies have issued a total of 54 mixed wealth management products this year as of April 26. Among them, 20 products were raised in April, the highest monthly circulation since July 2023.
For example, Agricultural Bank of China Financial Management issued "Agricultural Bank of China Financial Management Bank of Agricultural Bank of China concentric Linglong value selection No. 40 Financial products", the subscription starting period is April 26, 2024, the subscription closing period is May 6, 2024, and the longest period is 778 days. The risk rating result is medium risk. The product description shows that the product mainly invests in fixed income assets such as money market instruments and bonds, contributing to basic income, and allocates equity assets such as stocks (including preferred shares), securities investment funds, various asset management products or plans according to market conditions, and appropriately participates in financial derivatives trading for hedging purposes, with a leverage ratio of no more than 200%.
In terms of the issuance of equity wealth management products, data from China Financial Management Network show that as of April 26, there are 35 equity wealth management products issued by bank wealth management companies in the market.
Since the beginning of this year, the allocation of equity assets has been increased in wealth management products, mainly in high-quality companies with potential dividend ability and technology enterprises that continue to invest in research and development. In addition, the company plans to launch dividend and technology-themed 'dumbbell strategy' hybrid products in the near future, and continue to increase the allocation of the equity market. " The person in charge of financial management of China Post told the reporter.
The person in charge of BOC Finance also said that the company is stepping up efforts to promote products with rights and expand the source of funds. "focus on helping to develop new quality productivity, sort out relevant industries and key companies, build a hierarchical library of targets, and form investment tools in the form of indices, funds and special accounts for the allocation of all kinds of products of the company."
On the other hand, in the issuing market, many authorized financial products are favored by investors. For example, on April 17, China Merchants Bank issued a mixed wealth management product, the selected value of talent, which held a mixed financial plan for one year, raising more than 2 billion yuan in its initial public offering.
Pay attention to customer needs
The issuance volume of mixed financial products is generally believed by industry insiders to be the result of the joint action of policy and market.
Recently, the State Council issued a number of opinions on strengthening supervision and preventing risks to promote the high-quality development of the capital market (the new 'Nine articles'). It is mentioned that banks' financial management and trust funds are encouraged to actively participate in the capital market and enhance the scale of equity investment.
Lou Feipeng, a researcher at the Postal savings Bank, said: "at present,FreespinincoinmastertodayThe valuation of China's stock market is at a low point, and people from all walks of life make a positive judgment on the follow-up development of the stock market, which attracts the equity assets of bank financial management and investment. In addition, policies such as the new 'National Nine articles' support financial management funds to allocate equity assets, which are also important driving factors. "
"on the one hand, the scale of financial products is growing, the reallocation of assets is under great pressure, and the current market is characterized by a shortage of assets; on the other hand, in terms of the performance-to-price ratio of stocks and bonds, bond yields continue to decline, and the yield on 10-year government bonds has broken through 2.Freespinincoinmastertoday.3%, while the Shanghai and Shenzhen 300 dividend yield is more than 3%, and the performance-to-price ratio of equity assets is better. " The person in charge of China Post Financial Management said that in addition, bank financial management used to be good at investing in bond assets, and in recent years it has also actively laid out the equity market to create value for customers.
Compared with fixed collection and equity financial products, mixed financial products have the advantage of "both offensive and defensive". How to give full play to our advantages and "capture" the hearts of more investors? Industry insiders generally say that we should pay more attention to customer needs and risk preferences.
Lou Feipeng believes that for bank financial management, to invest in equity assets and develop mixed financial products, on the one hand, it is necessary to improve the ability to invest in research and strengthen the research on the trend of large categories of assets and asset allocation strategies; on the other hand, it is necessary to do a good job in investor education in view of the low risk preference of financial customers.
