1. The starting point is high, basically 3 million, and each project has 50 places 1 10,000 (commonly known as small amount). The investment threshold is high, excluding ordinary investors. Therefore, trust business is also called private bank. The investment threshold of trust has a rising voice. Why set a high threshold? The usual explanation is that trust investors need to have certain risk identification ability and risk tolerance. For example, in the United States, it is stipulated that only people who need $5 million can participate in trust investment.
2. Low risk. Trust projects require due diligence, objective and fair information disclosure, and clear risk management methods, and can only be issued after approval by the CBRC. The operation of trust projects needs to be bound by trust law, so the overall risk is relatively low. Since the establishment of 200 1 Trust Law, trust investors have been able to reap the principal and interest as scheduled.
3. higher income. When the economic situation was good in previous years, trust investors could basically reap an annualized income of more than 10%. Even in this year's global economic downturn, the average annualized income of trust products is around 9%. During the three years from 2009 to 20 1 1, trust investors earned 240 billion yuan, of which 75.5% earned an annualized income of more than 9%, 62% earned an annualized income of 9- 12%, and many real economies earned less than 9%.
4. Continuous investment is convenient and concise. Getting back the principal and income at maturity can form a continuous investment and compound the income. Calculated by 9% compound interest, 3 million yuan is 1 billion for 40 years, and 1 trillion for 50 years.
5. Debt isolation function. Trust property is protected by law. Once the trust is established, the trust property will be separated from the property of the trustor, trustee and beneficiary and become independent property. Trust property cannot be liquidated, repaid or bankrupt. This is a great advantage of trust products.
6. Poor liquidity. Trust products cannot be redeemed separately before maturity, but can be transferred to other investors. The term of most trust products is 1-2 years. In order to meet the demand of high liquidity of idle funds, Zhongrong Trust and Ping An Trust set up short-term trust products with maturities of 3, 4, 6, 9 and 12 months. ,/kloc-large funds of more than 0/100 million can be customized with flexible term.
7. Flexible investment methods. Trust can span the three major fields of currency, capital and industrial market, and can operate flexibly in various forms such as equity and loans, which is unmatched by other financial institutions. The advantage of trust system is also one of the important reasons for its rapid development in recent years. In order to obtain funds more quickly, many project parties are also willing to take the trust channel financing at a higher cost.
Second, bank wealth management products VS trust products
1. The investment threshold is low, generally 50,000, and bank financing belongs to public financing. Subscription is convenient, and you can even place an order directly online.
2. Good security and low income. Bank wealth management products have high security, but low yield is their weakness. If the product description has the words of capital preservation, the yield is about 3%; Without the word "capital preservation", the yield rarely reaches 5%. It is difficult for bank wealth management products to catch up with inflation. There are roughly two reasons. First, the capital threshold is low, and the bargaining power is lost, and the excess income usually belongs to the bank; Secondly, the operating costs of banks are relatively high, and there is one at 200 meters. Or a street shop, the rental cost and labor cost are not low, and it definitely needs high profit support.
3. Strong liquidity. Few bank wealth management products have a term of 1-2 years, which is basically about 30 days or 3 months. This term is very flexible, and it is convenient to subscribe at any time.
Banks have many outlets and know the detailed information of customers, so they have high trust in the hearts of ordinary people, which is the biggest advantage of banks. The advantages of cooperation with banks are high, and insurance, securities, trusts, funds and investment companies are also willing to cooperate with banks. Therefore, when choosing financial products, banks should distinguish their own financial products from those of other financial institutions. It is necessary to know whether the contract has the official seal of the bank. If the products are sold by banks, we should be very cautious. Sometimes the salesperson doesn't make it clear. 20 10 there are 38 bank wealth management products that have not realized income. I don't know whether it is the bank's own wealth management products or the products of other financial institutions sold by the bank. Recently, the newly exposed clients, Ms. Wang and Ms. Yao, are engaged in wealth management in Ping An Bank (formerly Shenzhen Development Bank), 1 0.8 million yuan, and 500,000 yuan is converted into110,000 yuan. The customer's wealth management products are not banks, but investment companies. Therefore, when purchasing wealth management products, banks should carefully identify the institutions that produce wealth management products.
5. The author recently visited a number of bank branches, and there are few trust products. Banks seem reluctant to sell trust products publicly, perhaps because they prefer big customers to deposit or buy their wealth management products. Even if trust products can be bought in banks, the yield is generally low; In addition, some of them are also products of small trust companies. Such projects are generally recommended by banks. Trust companies are just channels. Small trust companies are cheaper and banks are willing to cooperate. Because banks need to earn a bigger profit margin. Banks are willing to sell on a commission basis, often because the commission is higher. At present, the commission of trust products is generally reduced, especially the products of trust companies with better brands, and banks are reluctant to sell them on a commission basis.
6. A large part of the funds raised by bank wealth management products are directly invested in trust projects, accounting for 1/3 of the trust scale. Because of the high threshold of trust investment, trust products are split into microfinance products in banks. As a result, banks can make a spread of about 5%, or even higher. Intermediary business is one of the three pillars of bank profits.
Three. Stocks, funds and securities products and trust products
1. The stock returned to its original point in ten years, and even private equity funds suffered a total loss, and the securities market was full of sorrow. This is related to the current economic downturn and the lack of China's securities system. The securities market has become a tool for listed companies, brokers and investment institutions to circle money, but it has not really created value for shareholders. The downturn in the securities market has also seriously hurt securities trust products. At present, private equity trust products have suffered losses in an all-round way, and many securities private equity funds represented by Ping An Trust have also suffered losses in an all-round way, and many brilliant investment institutions and star fund managers have been eclipsed. China stock market needs to rebuild its image and financial confidence, and there is still a long way to go.
2. Some sensitive speculators withdraw their funds from the securities market in time and invest in trust instead. These people are very discerning and wise investors. They not only made money in stock market speculation, but also retired in time in trust investment to further preserve and increase value.
3. In the economic cycle, we can still cooperate with large financial institutions, choose well-branded fund managers and buy securities products. First, it is worry-free and labor-saving. Watching K-charts and listening to stock reviews all day will affect work and life; Secondly, a well-branded fund company or fund manager, after all, is professional, far superior to us personally in technology and information, and the risk is much lower. The key is that the historical performance and investment style of fund managers can be more consistent with themselves.