Since 2008, despite the slowdown in domestic economic growth and the turmoil in domestic and international financial and commodity markets, the sales of bank wealth management products have reached a record high. The styles and types of bank wealth management products, the number of funds issued and the scale of funds are expanding rapidly. In 2008, major commercial banks sold a total of 7,799 wealth management products, raising about 2,305.5 billion yuan. In the same period, the newly raised funds of insurance wealth management products, trust wealth management products, Public Offering of Fund and securities firms' collective wealth management products were about 624.3 billion yuan, 563.7 billion yuan, 654.38+082.7 billion yuan and 22.6 billion yuan respectively. Undoubtedly, bank wealth management products have ranked first in the wealth management market, surpassing the sum of other types of wealth management products and becoming the main force to promote the development of domestic wealth management market.

In 2009, the cumulative number of bank wealth management products issued in the market was 7850. The rapid growth of the number of wealth management products of 20 10 bank shows no signs of slowing down. By September 29th, * * * 102 commercial banks had issued 805 1 bank wealth management products, exceeding the number issued in the whole year of 2009. China's wealth management market is still an emerging market. I used to copy other people's patterns. Domestic banks only get a small commission, and foreign banks that really manage products also get rich profits. However, the financial crisis has made the design and operation ability of foreign bank products questioned. Therefore, after the financial crisis, domestic banks gradually began to set up their own R&D teams and management teams to carry out independent research and development, independent investment and independent management of products, and independent research and development of products will become the mainstream of the future wealth management market. Faced with the impact of the financial crisis, domestic banks will have to be more and more cautious in the innovation of wealth management products.

With the growth of China's economic scale and the improvement of residents' income level, the demand for financial management has been released. The market prospect of China Bank's wealth management products is very promising, and it will develop at a high speed in the next decade, exceeding the growth rate of China's GDP. In recent years, China's financial wealth management business has developed rapidly, with various wealth management institutions and product types, gradually expanding investment channels, rapid market growth and increasingly close institutional cooperation. Comprehensive analysis, China's commercial bank wealth management product market has the following characteristics:

1. There are various types of financial institutions. In China, there are not only banking financial institutions, but also securities and insurance financial institutions. Specifically, it includes: commercial banks, trust companies, securities companies, fund management companies and insurance companies. In addition, some enterprises, wealth management centers, wealth management studios and individuals with the nature of investment consulting, investment consultants and financial management are also involved in wealth management business. There are various types of wealth management institutions in China.

2. There are many kinds of wealth management products. Since 2004, domestic financial institutions have launched their own wealth management products, including RMB wealth management products and foreign currency wealth management products. As a professional trust business organization, trust companies carry out single-fund trust plans for specific customers and collective fund trust plans for unspecified investors. Securities companies began to engage in customer asset management business from 1995, including specific customer-oriented asset management, non-specific investor aggregate asset management, and specific asset management. At the beginning of 2005, the first RMB structured wealth management product appeared in China. At the end of 2005, CBRC allowed banks with derivative products business licenses to issue stock-linked products and commodity-linked products, which provided institutional guarantee for the great development of wealth management products in China banking industry. Since then, bank wealth management products have developed rapidly, and new products such as equity linkage, project financing, new share subscription and QDII have emerged, and there are many kinds of domestic wealth management products.

3. The supervision system and internal control system are not perfect. Nowadays, China's cross-industry and cross-market wealth management products are increasingly rich, and the market competition is becoming increasingly fierce. At present, China's financial market has also formed a relatively complete series of products such as bills, bonds, stocks, funds, futures and gold. At the same time, new financial instruments and financial derivatives such as bond buyout repurchase, bond forward trading, interest rate swap, forward foreign exchange trading, foreign exchange swap trading and warrants have also appeared one after another. Affected by the international financial crisis, the income of some wealth management products dropped sharply and the risk level rose. After-sales disputes of wealth management products occur frequently. The supervision system and internal control system of China's bank wealth management products need to be improved.

4. Lack of high-quality wealth management talents. The wealth management products of commercial banks in China involve stocks, funds, insurance, national debt, trust, foreign exchange and other fields. Therefore, personal wealth management business generally has specific requirements for the qualifications of employees, and defines the qualifications, professional ethics, relevant restrictions and illegal responsibilities of employees. Ensure that relevant wealth management personnel have the necessary knowledge, industry experience and management ability, fully understand the relevant laws, regulations and regulatory rules of the business they are engaged in, understand the risk characteristics of the recommended wealth management products, and abide by professional ethics. At present, commercial banks in China still lack such financial professionals.

5. Investors have low risk awareness. Any investment is risky, and bank wealth management products are no exception. In the process of investment, the greater the risk you are willing to take, the higher the potential return on investment. Investment income is directly proportional to investment risk. However, when purchasing wealth management products, many investors think that the bank's wealth management products are risk-free, or the risk is very low. They only see the benefits of wealth management products, but often ignore the existence of risks, and their risk awareness is low. Because everyone's risk tolerance is different, bank wealth management practitioners generally have to pass the risk test and judge according to the age and asset status of customers.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.