In addition, the People's Bank of China also classified the primary financial products. Money, foreign exchange, debt financial products, ownership financial products and other financial assets, and the prices of these financial assets are collectively referred to as primary financial products.
Primary financial products include: the prices of money, foreign exchange, certificates of deposit, bonds, stocks, interest rates or debt instruments, foreign exchange rates, stock prices or stock indexes, commodity futures prices, etc. There are many kinds of financial products, and there are also many ways to classify them. Investors can be classified according to the actual situation.
Bank time deposits, agreement deposits, government bonds, financial bonds, corporate bonds, convertible bonds, bond funds and other products are called fixed-income wealth management products. Although the income of fixed-income wealth management products is not high, the risk is low.
Alternative investment refers to financial products and physical assets other than traditional stocks, bonds and cash. Physical assets include real estate, securitization assets, hedge funds, private equity funds, commodities, works of art and so on.
Financial products refer to all kinds of intangible assets that have economic value and can be publicly traded or realized. They are also called marketable securities, such as cash, bills of exchange, stocks, futures, bonds and insurance policies. For example, we can buy any commodity with cash, including financial products; We can go to the bank to accept the draft (turn it into cash): we can buy and sell (trade) stocks and futures at will in the corresponding financial market; Our bonds, insurance policies, etc. Can be cashed (turned into cash) at maturity. For example, Zhang San was optimistic about the stock market the year before last. He sold his property and bought shares with 3 million cash. Now his stock market value is less than 2 million. In order to avoid greater losses, Zhang San decided to sell his shares and buy insurance. From this example, we can see that value is changeable and exists in different financial products.