Many people have questions, will banks, insurance companies, and fund companies collapse?

What happens if it goes bankrupt?

Let’s talk about it below.

First of all, let’s make it clear that my country’s commercial banks, insurance companies and fund companies are allowed to go bankrupt.

There are also precedents for bank bankruptcy. In 1998, Hainan Development Bank had to file for bankruptcy due to poor business development.

1. So if the bank goes bankrupt, what will happen to the money of our ordinary depositors?

The national financial regulatory agency behind the bank is the China Banking Regulatory Commission (China Banking Regulatory Commission). While drafting the "Commercial Bank Bankruptcy Risk Disposal Regulations", the Banking Regulatory Commission is also soliciting everyone's opinions to draft the "Deposit Insurance Regulations".

: If a commercial bank goes bankrupt, personal depositors' deposits of less than 500,000 yuan can be fully compensated, but the portion exceeding 500,000 yuan will be compensated from the bank's liquidated property, as well as assets purchased from bank financial products, etc. are not guaranteed.

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Moreover, the loan you owe to the bank must be repaid.

Therefore, commercial banks will also go bankrupt.

However, it is actually a bit unnecessary to worry. After all, we are not private like the Bank of America. The supervision and protection system of domestic financial institutions is relatively complete. The probability of bank bankruptcy is actually very low, and it is not our turn to worry about it ~ 2

, Next, what will happen if the insurance company goes bankrupt?

First, like banks, the probability of insurance companies going bankrupt is very low.

The China Insurance Regulatory Commission has a series of system requirements before it is approved by an insurance company, and the review is very strict.

Of course, in the unfortunate event that an insurance company goes bankrupt, the China Insurance Regulatory Commission will force one or more insurance companies to take over, and your policy will still be in effect.

Therefore, as long as it is a regular insurance company, you can buy it with confidence.

3. Finally, what will happen if the fund company goes bankrupt?

First of all, like banks and insurance companies, the probability of fund companies going bankrupt is also very low.

After all, banks are backed by the China Banking Regulatory Commission, insurance companies are backed by the China Insurance Regulatory Commission, and fund companies are guarded by the China Securities Regulatory Commission.

The China Securities Regulatory Commission stipulates that platforms that can sell funds must obtain a fund sales license from the China Securities Regulatory Commission.

According to the website of the China Securities Regulatory Commission, there are currently more than 300 institutions with fund sales licenses. In addition to commercial banks, securities companies, futures companies, insurance companies, and securities investment consulting institutions, there are also about 116 independent fund sales institutions. And investors

When you buy funds from these platforms, the final record will actually be seen on the official website of the fund company. That is to say, if you buy a fund from E Fund Company at a bank and use the same ID card to log in to the official website of E Fund Company, you will

See detailed information about the fund you subscribed for.

As the main body of fund raising, the China Securities Regulatory Commission requires fund companies to have mandatory custody, which means that investors’ money must be placed in banks instead of being kept by fund companies.

If a fund company is not operating well, the China Securities Regulatory Commission will most of the time not allow the fund company to apply for bankruptcy liquidation before finding a new institution to take over.