After 20 18 new asset management regulations were issued, bank wealth management products bid farewell to the era of guaranteed capital and interest, and rigid redemption is gone forever. However, during the transition period of the new asset management regulations, in order to absorb deposits, banks have introduced substitutes for capital preservation wealth management products-smart deposits and structured deposits without violating the regulations.
Smart deposit is essentially a time deposit with transferable creditor's rights, with an annualized rate of more than 4%, which has the characteristics of high liquidity and high income. Structured deposits are embedded with financial derivatives on the basis of ordinary deposits, which can not only ensure the safety of principal, but also obtain higher returns by embedding financial derivatives.
Under the background that Yang Ma emphasized that bank wealth management products no longer guaranteed the principal and interest:
Smart deposits and structured deposits have not become a sharp weapon for major banks within the scope of supervision. Relevant data show that by the end of 20 19, China's retail deposits were 810.3 trillion yuan, including 4.2 trillion yuan for structured deposits and 7.9 trillion yuan for smart deposits and call deposits, showing the popularity of smart deposits and structured deposits in the market.
Financial derivatives (including options, futures, etc. ) are embedded on the basis of deposits, allowing depositors to obtain higher return on investment while taking certain risks.
Looking at this definition alone, let alone whether many people can understand it, it is estimated that the words "take some risks" can discourage many people. But in fact, after really understanding the capital-guaranteed structured deposit, you will find that it is not as "dangerous" as expected. Frankly speaking, after customers buy capital-guaranteed structured deposits, banks will divide the funds into two parts: most of them will be put in ordinary deposits to protect the capital, and a small part will be invested in financial derivatives to obtain higher returns.