Banks this week * * * The issuance of 2,54 wealth management products decreased by 63 products compared with last week

The average expected annualized rate of return of bank wealth management products was 4.37%

Bank wealth management was no longer "guaranteed", and the brokerage wealth management came to the top

Income list: Minsheng Bank's products with a 95-day expected maximum return of 1.5% ranked first

Rating list: Bank of Communications' products with a 181-day expected maximum return of 1.3% ranked first

. CA18756A

Issuing bank: Minsheng Bank

Financial comments: This wealth management product belongs to Minsheng Bank's structured deposit product, with an initial entrustment amount of 1, yuan and a wealth management period of 35 days. The income type is guaranteed to be fixed income, with an expected minimum annualized rate of return of 2% and an expected maximum annualized rate of return of 8%. It is worth noting that this product only guarantees the minimum income agreed in the contract and does not guarantee anything beyond the minimum income.

according to djinn data & The financial product research center of the financial community website scored the product comprehensively, and its comprehensive score was 99, the profitability score was 1, the risk resistance score was 1, and the liquidity score was 94.96, which was sold all over the country.

(Note: This comment is for reference only, not as a basis for purchase. Investment is risky, so you need to be cautious when buying. )

Interpretation of key points

This week (December 1th to December 16th) * * * 274 banks issued 254 wealth management products, with an average expected annualized rate of return of 4.37%. The average duration was 164 days, 5 days less than the previous week. As for the yield trend of bank wealth management products in the later period, an industry analyst believes that the market interest rate has increased slightly recently. Although the liquidity of funds is looser this year than in previous years, it is still slightly tighter at the end of the year. It is expected that the yield of bank wealth management products will still have a slight increase in the short term.

Pay special attention to

Bank wealth management is no longer "capital preservation", and securities companies come from behind

Recently, a number of listed companies have announced that they will use some idle raised funds and their own funds to purchase wealth management products for redemption at maturity. According to the announcement, the main types of these wealth management products include: bank wealth management, structured deposits, special fund accounts and brokerage wealth management products. Among them, most brokerage wealth management products have the same income as bank wealth management products, or even slightly better. For the future development trend of asset management products of securities firms, the industry believes that its advantages are more obvious.

Why should small banks manage their wealth even if they lose money

After the measures for the management of financial subsidiaries were issued, most big banks immediately announced that they would set up a subsidiary platform to undertake the original wealth management business, which was expected. However, with the passage of time, many small banks have joined in, and even some banks are considered to lose money obviously because of the small scale of financial management. Why do small banks have to start subsidiaries when they lose money? The logic is actually very simple, because the rules of the game have been shuffled. If this step cannot be taken out, the future market space will be further squeezed. The core driving force behind the rise of wealth management business is financial disintermediation in the process of interest rate marketization, which is the biggest challenge faced by banks in debt business in recent years. On the other hand, the wealth management business actually gives banks with weak debt strength an excellent opportunity to overtake in corners, because if the wealth management business is strong, banks can not only circle more low-cost funds on the debt side, but also form a joint force with on-balance-sheet credit on the asset side.

market panorama

1. The circulation of 254 wealth management products decreased by 63 compared with last week

This week, 274 banks issued 254 wealth management products, and the number of issuing banks decreased by 14 compared with last week, and the corresponding product circulation decreased by 63 compared with last week. In addition, 2,363 wealth management products expired this week, involving 312 banks.

2. The circulation of bank wealth management products ranks in the top ten

Data source: djinn Finance &; Financial products research center in the financial sector

According to the top ten banks in circulation, 3 are from state-owned banks, with a total of 461 issued; Three are from joint-stock banks, and 166 are issued. Four companies came from city commercial banks, and 184 products were issued.

Specifically, Bank of Communications, China Construction Bank and Bank of China rank among the top three in the circulation of wealth management products, among which Bank of Communications issued 18 products, an increase of 12 from last week; CCB issued 172 wealth management products, 12 fewer than last week; Bank of China issued 19 products, 4 more than last week.

expected rate of return

1. The weekly average expected rate of return of wealth management products of each term

The above data source: djinn Finance &; The Financial Products Research Center of the financial sector

did not issue financial products within 7 days this week; There are 3 products with a maturity of 8-14 days, with an average expected annualized rate of return of 3.84%; 22 products with a term of 15 days to one month were issued, with an average expected annualized rate of return of 4.11%; 324 products with a term of 1-3 months were issued, with an average expected annualized rate of return of 4.24%; 831 products with a term of 3-6 months were issued, with an average expected annualized rate of return of 4.38%; 674 products with a term of 6-12 months were issued, with an average expected annualized rate of return of 4.42%; There are 16 products with maturities above December, with an average expected annualized rate of return of 4.49%.

2. Ranking of average expected returns of products of banks

The above data source: djinn Finance &; The Financial Products Research Center of the financial sector < P > ranks the average expected rate of return of 274 banks and finds that seven of the top ten banks are rural commercial banks and three are city commercial banks. Specifically, the wealth management products issued by Zhangjiakou Commercial Bank have an average expected annualized rate of return of 6%, ranking first; Five wealth management products issued by Harbin Rural Commercial Bank have an average expected annualized rate of return of 5.8%, ranking second; The average expected annualized rate of return of four products issued by Quanzhou Rural Commercial Bank is 5.5%, ranking third.

3. The highest

expected rate of return in different periods Source: djinn Finance &; The Financial Products Research Center in the financial sector

From the perspective of the most products with expected returns in different periods, the types of product returns are all non-guaranteed floating.

Among them, a product of Quanzhou Bank, Earning Weekly Rolling (218-12-14), took the first place in the period from 8 days to 14 days with an expected yield of 4.3%. A product of Chongqing Rural Commercial Bank, Tiantianjin 12181A-3, took the first place in the period from 15 days to one month with an expected yield of 4.5%.

The two products of Bank of Communications occupy the first place in the term of 1 month to 3 months and 6 months to 12 months with expected returns of 9.5% and 1.3% respectively.

Boying FSLA18275A, a product of China Minsheng Bank, took the first place in the three-month to six-month period with an expected yield of 1.5%. A product of China Industrial and Commercial Bank, Gongyinbo Tongli SMGQ1817, took the first place in the term of 12 months or more with an expected yield of 7%.

Investment distribution

1. The proportion of fixed-type products with capital preservation decreased by .11% compared with last week.

This week, the proportion of floating income products with non-capital preservation decreased by .76% compared with last week. Capital preservation floating products accounted for 17.62%, a decrease of 1.42% from last week; Capital preservation fixed type accounted for 5.4%, an increase of .11% from last week; Other types accounted for 7.55%.

2. 345 wealth management products issued by Beijing ranked first

Source: djinn Finance &; Financial products research center in financial circles

This week, Beijing issued 345 products, 45 more than last week, ranking first; Jiangsu Province issued 186 products, 28 more than last week, ranking second; Zhejiang Province issued 158 products, 5 fewer than last week, ranking third; Judging from the top ten distribution areas, most of them are concentrated in the eastern coastal provinces and first-tier cities.

exclusive ranking in the financial sector

1. The top ten expected highest returns of products this week

Data source: djinn Finance &; Financial products research center in the financial sector

2. TOP1 product rating this week.