Only Shanghai Bank has it.

when purchasing a wealth management product, the product manual or the signed agreement contains provisions on the pledge of the product.

pledge loan of wealth management products refers to a credit business in which the borrower sets the pledge of the beneficial right of local and foreign currency wealth management products sold in a bank in his own name, obtains RMB loans from the bank, and repays the loan principal and interest at maturity.

Take the purchase of a wealth management product with an annualized income of 4.75% for example. The product cycle is one year. After the purchase, the investor will make a pledge loan for the wealth management product. The loan interest rate is 4.35% of the benchmark interest rate within one year, with a spread of .4% in the middle. In other words, while raising bank funds, you can still make a net profit of 4 yuan.

pledge loan of wealth management products

pledge loan of wealth management products means that bank customers pledge the beneficial right of future income of wealth management products (including entrusted wealth management products) that meet the requirements of the lending bank, and then apply for relevant loans from the bank.

the loan term of the pledged loan for wealth management products shall not exceed the expiration date of the personal entrusted wealth management business agreement or contract; The loan interest rate shall be implemented according to the loan interest rate of commercial banks announced by the People's Bank of China in the same period, and may fluctuate within the scope stipulated by the People's Bank of China.

the wealth management products sold by banks to customers are all funds raised by commercial banks from investors, and the raised funds are managed and used. The funds are independent of the commercial banks' own capital system and belong to off-balance sheet assets, and the proceeds ultimately belong to the beneficiaries of wealth management products. In essence, it is "entrusted by others to manage money on behalf of others", which fully embodies the essential characteristics of trust legal relations such as trust property "property independence" and "separation of ownership and income right", thus determining that all types of financial products form legal relations as trust legal relations.