RMB wealth management products are designed and issued by commercial banks themselves, and the raised funds are invested in relevant financial markets, and relevant financial products are purchased according to the product contract (658), and then distributed to investors according to the contract. General bank wealth management products are divided into RMB wealth management products, foreign currency wealth management products and dual currency wealth management products.
For example, foreign currency wealth management products can only be purchased in foreign currencies such as US dollars and Hong Kong dollars, while RMB wealth management products can only be purchased in RMB, while dual-currency wealth management products involve both RMB and foreign currencies. Bank wealth management products can also be divided into guaranteed income wealth management products and non-guaranteed income wealth management products.
The income of guaranteed income-based wealth management products is fixed, and the income stipulated in the agreement can only be obtained after it expires, otherwise it is not guaranteed.
Non-guaranteed type is divided into guaranteed floating income wealth management products and non-guaranteed floating income wealth management products. Financial products with guaranteed capital and floating income refer to financial products in which the bank guarantees the payment of the principal to the customer according to the agreement, the investment risks other than the principal are borne by the customer, and the actual income of the customer is determined according to the actual investment income, and vice versa.
The risk of capital preservation floating income in general banks is second only to the risk of savings, and it is the best choice for stable customers who pursue stable income.
With the stock market downturn, the real estate and automobile markets are on the sidelines, and the "spare money" in personal savings accounts of banks has begun to increase.
Personal "spare money" deposited in current deposit accounts will try to obtain a higher rate of return than bank deposits while ensuring the liquidity of deposits, and some short-term wealth management products have become the targets of these funds. Banks and fund companies have launched many short-term and liquid new financial products in the financial market, which is a good choice for individuals with liquidity.
In addition to seven-day deposit notice, money market funds, short-term and medium-term debt funds and other innovative varieties, RMB financing and foreign currency financing also show a trend of shorter and shorter financial cycle. From the publicity of banks and fund companies, it seems that they are all stable and flexible short-term investment tools, which can ensure the safety of principal and achieve higher returns on the premise of ensuring liquidity.
Money market fund: a cash management tool of "quasi-cash"
According to the different legal relationship between banks and investors
1. Fixed income wealth management products. Commercial banks promise to pay fixed income to investors according to the agreed conditions, and banks bear the investment risks arising therefrom.
2. Non-guaranteed floating income wealth management products. Commercial banks pay investors income according to the agreed conditions and the actual investment income of wealth management business, and do not guarantee the safety of investors' principal.
3. Capital preservation floating income wealth management products. The commercial bank guarantees to pay the principal to the investors according to the agreed conditions, and the risks other than the principal shall be borne by the investors, and the financial plan of the investors' actual income shall be determined according to the actual income.
4. Financial products underwritten by commercial banks. For products sold by commercial banks on behalf of other institutions, commercial banks only charge a fixed underwriting fee and do not bear the risk of products.