Faced with a wide variety of net worth wealth management products, how can consumers rationally invest and buy and pay attention to related risks? Wealth Management Tiger Network has noticed that in recent years, Hebei, Shaanxi, Jilin, Hainan and other provinces have issued risk warnings for wealth management products, reminding consumers to keep their eyes open, carefully screen all kinds of marketing materials of financial institutions' wealth management products, objectively analyze and rationally judge, and make investment decisions prudently and independently.
Hebei: Consumers cautiously invest in so-called "high-yield" wealth management products.
As the new asset management regulations break the "rigid redemption" of wealth management products and no longer guarantee the income, consumers may not realize the expected income when purchasing wealth management products, and even face the risk of loss of principal. Some consumers believe in the promise of high financial returns, listen to the recommendation of so-called famous experts, invest through informal channels, have a risk-free luck, or fall into the trap set by some lawless elements, and may be suspected of participating in illegal fund-raising activities, resulting in huge losses of their own funds. Hebei Banking Insurance Regulatory Bureau reminds consumers to invest cautiously in so-called "high-yield" wealth management products and beware of falling into the trap of illegal fund-raising.
First, be wary of the temptation of high-interest financial management. Consumers should establish the concept of rational investment and financial management, don't easily believe in propaganda such as "no loss, no risk and high income", and don't covet petty advantages such as gifts, consumer rebates and free travel. Improve risk prevention awareness and identification ability, buy wealth management products according to your own risk tolerance, and don't invest in products with unclear business and unknown risks. Anyone suspected of illegal financial activities shall report to the public security organ or the relevant financial supervision department in time.
Second, avoid impulsive investment and consumption. When purchasing wealth management products, consumers should carefully read the instructions and contract terms of wealth management products, fully understand the main contents, business models, product risks and other elements of wealth management products, and focus on whether the publicity contains false contents such as "risk-free and high-yield". Don't invest impulsively because of the introduction of acquaintances and relatives, and avoid falling into the trap of illegal fund-raising.
Third, pay attention to protecting personal information. In daily life, we should enhance our awareness of personal information security, be cautious about the contract signing process, and don't sign blank contracts. Any way to make money by recharging and transferring money before returning high returns is fraud. Don't click unfamiliar links, and don't scan unfamiliar QR codes. Do not provide important information such as ID card, bank card number, password and verification code at will to prevent fraudulent use, abuse or illegal use.
Fourth, choose formal investment channels. Consumers should purchase wealth management products through banks, securities companies and other professional financial institutions, and stop signing investment and wealth management agreements with individuals or unqualified institutions. Before purchasing related products, you can confirm the qualification of sales staff by verifying the job number, and confirm that the products are legal and effective by querying official website and calling the customer hotline. When purchasing related products, be alert to the situation that the collection account is an individual; After purchasing related products, we should properly keep the contract, actively cooperate with after-sales service personnel to pay a return visit and other follow-up services, and safeguard our own rights and interests according to law.
Shaanxi: Risk Tips for Buying Online Financial Products
Shaanxi Banking Insurance Regulatory Bureau recently issued "Risk Tips for Buying Net Wealth Management Products" to remind consumers to keep their eyes open, carefully screen all kinds of marketing promotional materials of financial institutions' wealth management products, objectively analyze and rationally judge, and make investment decisions prudently and independently.
The transition period of "Guiding Opinions on Regulating Asset Management Business of Financial Institutions" (hereinafter referred to as the new asset management regulations) ended at the end of 2002112, and bank wealth management products opened a new chapter in comprehensive net worth. The new asset management regulations put forward requirements for various asset management products, including bank wealth management, such as net worth management, failure to promise to protect capital and income, and breaking rigid redemption. Faced with a wide variety of net worth wealth management products, how do consumers rationally invest and buy? Here, Shaanxi Banking Insurance Regulatory Bureau warmly reminds the majority of financial consumers:
First, fully understand and truly reflect your risk tolerance. Consumers should fully evaluate their financial status, risk tolerance and investment preferences before purchasing wealth management products. , and seriously answer the risk tolerance assessment questions of banks and other financial institutions, make independent decisions, and truly reflect their own risk tolerance.
Second, correctly understand the risks of net worth wealth management products. Net worth wealth management products are different from bank deposits, and have no fixed income and expected income. The actual rate of return of products is related to the change of net value. The performance benchmark set at the time of product release is mainly used to measure the level of product operation and management, and does not represent any revenue commitment. The wealth management products of banking institutions will be classified into risk levels, and consumers should correctly understand the risk levels of wealth management products. The higher the risk level, the higher the income may be, but the greater the possibility of loss.
Third, make rational analysis and make investment decisions independently. Financial management is not a deposit, and investment is risky, so you need to be cautious when buying. Consumers should keep their eyes open, carefully screen all kinds of marketing publicity materials of financial institutions' wealth management products, make objective analysis and rational judgment, and make investment decisions prudently and independently. Beware of such improper expressions as "safety", "guarantee", "commitment", "insurance", "high yield" and "risk-free" which are inconsistent with the characteristics of product risk and return, so as to avoid being biased.
Four, carefully read the contract text, actively cooperate with the "double record". When purchasing wealth management products, consumers must carefully read the product specifications, sales agreements, risk disclosure books, notes on investors' rights and interests, sales documents and other sales texts, focusing on product types, risk levels, investment directions and targets, profit and loss rules, etc. Consumers also need to correctly view and actively cooperate with the on-site synchronous audio and video recording (that is, "double recording") carried out by commercial banks in key links of the sales process, and truthfully answer questions according to their own actual conditions, so that once disputes arise, they can be well documented. After purchasing wealth management products, consumers should regularly pay attention to the asset allocation and net value changes of products, and fully grasp the market risks.
Fifth, cultivate the concept of long-term investment. After the net value management of wealth management products, the net value of products will fluctuate with the market. The historical rate of return or performance benchmark of products does not represent the promise of expected income, and the concept of expected income is different from that of traditional wealth management products. If the product is redeemed frequently or fails to meet expectations in a short time, it is easy to change from "floating loss" to "real loss". Financial consumers should treat the fluctuation of market net value rationally, arrange the use of funds reasonably and establish the concept of long-term investment.
Jilin: Risk Tips for Rational Purchase of Wealth Management Products
On June 65438+1 October1day, 2022, the transition period of Guiding Opinions of the People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange on Regulating the Asset Management Business of Financial Institutions (hereinafter referred to as the "New Asset Management Regulations") has ended. Bank wealth management products began to transform into net worth wealth management products, that is, wealth management products with guaranteed capital and interest withdrew from the historical stage, and the once familiar rigid redemption was broken. Facing the current industry changes, how should consumers choose bank wealth management products? Jilin Banking Insurance Regulatory Bureau reminds you that you can follow the following principles of "three musts" and "five don 'ts" when purchasing wealth management products.
First, we should fully understand our risk tolerance level. Before purchasing wealth management products, consumers should cooperate with the bank wealth management manager to conduct risk assessment truthfully, evaluate the level of personal risk tolerance, and then choose to buy wealth management products that match their own risk tolerance.
Second, we must fully understand financial products. Wealth management products are investment financial products, not bank deposits, and data such as performance benchmarks announced by financial institutions do not represent future fixed income. Before purchasing wealth management products, consumers should carefully read and study the product terms, and fully understand the product types, risk levels, types suitable for investors, investment scope, profit and loss rules, etc. Investors are advised to read the financial management contract face to face, ask if they don't understand, be aware of the situation and don't panic.
Third, we must break the inertia of thinking. After the implementation of the new asset management regulations, consumers should establish risk awareness as soon as possible. Consumers are advised to correctly understand all kinds of publicity materials of financial institutions' wealth management products, objectively analyze and rationally judge them, carefully identify them, make investment decisions prudently and independently, and be alert to all kinds of improper statements that are inconsistent with the characteristics of product risk and return, such as "safety", "guarantee", "insurance", "hedging", "capital preservation", "high yield" and "risk-free", so as to avoid bias.
First, don't buy products from informal channels. When purchasing wealth management products, do not sign investment and wealth management agreements with individuals or informal institutions, but purchase them through formal channels such as banks to protect their legitimate rights and interests.
Second, don't blindly pursue "high income". Choose financial products that match your own risk tolerance, and don't blindly pursue "high returns" and fall into the whirlpool of "high risks".
Don't put "eggs" in one basket. Consumers should make a good choice of investment strategy and follow the principle of reasonable distribution to spread the risk of financial management.
Fourth, don't trust "guaranteed" products. After the implementation of the new asset management regulations, don't believe that there are "guaranteed interest" or "zero risk" wealth management products.
5. Don't trust products with high yield. Beware of wealth management products with yields far exceeding the normal level, so as to avoid falling into illegal fund-raising scams and causing property losses.
Hainan: Risk Tips for Preventing False Propaganda of "Guaranteeing Capital and Interest" and "Rigid Payment"
The Guiding Opinions on Regulating the Asset Management Business of Financial Institutions (hereinafter referred to as the new asset management regulations) was fully implemented in 2022. With the bank's wealth management entering the era of net worth, the wealth management income depends entirely on the actual investment results, and the original promises of "guaranteeing capital and interest" and "rigid redemption" no longer exist. To this end, Hainan Banking Insurance Regulatory Bureau reminds the vast number of financial consumers that they need to fully understand the investment risks when purchasing wealth management products, and be wary of false propaganda and financial fraud that still claim "guaranteed capital and guaranteed interest" and "rigid redemption".
1. What is "rigid redemption"?
"Rigid redemption" is commonly known as "capital preservation", "capital preservation and interest protection" and "capital preservation and income protection". "Capital preservation" means that after the financial products purchased by financial consumers expire, financial institutions must ensure the return of the principal of financial consumers; On this basis, "guaranteed capital and guaranteed interest" and "guaranteed capital and guaranteed income" refer to the guaranteed return of promised income to financial consumers on the basis of guaranteed principal return.
Second, why should we break the "rigid redemption"?
For financial consumers, "rigid redemption" products convey the concept of risk-free financial management, which makes financial consumers believe that there can be a "myth" of risk-free and high returns. In the long run, most financial consumers will lose their risk judgment ability and correct concept of investment and financial management, which also gives financial fraud an opportunity. For financial institutions, "rigid redemption" means that the ultimate risk will be borne by financial institutions, and the fluctuation and risk of financial markets are normal. Once financial institutions are unbearable, it will lead to local or even systematic financial risks. For the financial market, "rigid redemption" deviates from the market law of "matching risk with income", which is not conducive to the long-term development of the industry and the financing role of the financial market.
Third, the relevant risk warning
Hainan Banking Insurance Regulatory Bureau reminds financial consumers:
First, strengthen rational investment and risk prevention awareness. The core content of the "new asset management regulations" is to break the "rigid redemption". In the past, the similar "guaranteed capital and interest" and "zero risk" promised by bank wealth management products have become the past. For consumers, it is necessary to properly learn the basic knowledge of investment and financial management, understand the risks existing in the investment market, establish the concepts of "matching risks with returns" and "high returns are often accompanied by high risks", and fully evaluate the scientificity and rationality of investment.
The second is to carefully choose financial institutions and financial products. In recent years, some illegal institutions have solicited customers in the names of "investment management companies" and "wealth management companies" and "guaranteed capital and interest" and "zero risk" without the approval of the financial supervision department, and directly or indirectly carried out wealth management business, which induced the risk of illegal fund-raising. Consumers should keep their eyes open, choose formal financial institutions to buy wealth management products, carefully read product specifications and contract terms, effectively analyze and identify the information risks of investment targets, and make careful decisions.
Third, we must cooperate with the "double record" of financial management. When a banking financial institution sells wealth management products in its business premises, it shall simultaneously record and video the sales process in the sales area. In order to save trouble, some consumers often refuse or resist the bank's double recording. "Double recording" when purchasing wealth management can realize the traceability management of the sales process, which is a strong evidence for safeguarding rights in the event of disputes in the future. Don't "penny wise and pound foolish".