Chengdu Bank's securities investment fund custody qualification was approved, becoming the third Chinese bank to obtain fund custody qualification after Suzhou Bank and Qingdao Bank during the year, all of which are city commercial banks. So today, Bian Xiao is here to sort out the relevant knowledge of the fund for everyone. Let's have a look!
Chengdu Bank obtained the qualification of fund custody.
On August 7th, Chengdu Bank announced that it had recently obtained the "Reply on Approving the Custody Qualification of Securities Investment Fund of Chengdu Bank Co., Ltd." from China Securities Regulatory Commission ... According to the reply, the custody qualification of securities investment fund of this bank has been approved.
Chengdu Bank said that according to the reply, Chengdu Bank will carry out fund custody business after renewing its license to operate securities and futures business. Chengdu Bank will conduct securities investment fund custody business in accordance with the relevant regulations and the requirements of the above-mentioned approval documents, earnestly perform the duties of fund custodian, take effective measures to ensure the integrity and independence of fund assets, and earnestly safeguard the legitimate rights and interests of fund share holders.
It is understood that as early as the beginning of 20021,Chengdu Bank began to apply for the qualification of fund custodian, and the CSRC received the application materials in mid-March of that year. According to the industry, the qualification of fund custody this time will help Chengdu Bank to fill the shortcomings of agency sales.
At the annual performance briefing held in May this year, Henry Hui Wang, chairman of Chengdu Bank, said that on the basis of the obvious advantages of the debt side of personal gold business and the cooperation between the entity business and high-quality corporate customers, the bank will actively fill the shortcomings and realize the "further promotion" of the two major tracks.
Among them, in terms of personal gold business, first, in the form of white list, grab high-quality customer base and make efforts to fill the shortcomings of consumer credit business; Second, focus on travel scenarios to improve customer viscosity and increase the proportion of demand deposits and short-term deposits in the whole bank; The third is to fill the shortcomings of fund consignment and private banking. "After the market adjustment since the beginning of the year, the big risks have been basically released. Now is a very good opportunity for us to do fund agency business, for our reputation and the healthy development of our business. "
In terms of profitability, the core indicators of Chengdu Bank's profitability have been in the forefront of commercial banks in recent years. 202 1, Chengdu Bank realized operating income of1789 billion yuan, up 22.54% year-on-year; The net profit attributable to shareholders of the parent company was 7.8365438 billion yuan, a year-on-year increase of 29.98%. The weighted average return on equity reached 17.6%.
In the first quarter of this year, Chengdu Bank achieved an operating income of 4.836 billion yuan, a year-on-year increase of 65,438+07.65%; The net profit attributable to shareholders of the parent company was 265,438+0.565,438+0 billion yuan, a year-on-year increase of 28.83%.
In terms of capital strength, the total assets of Chengdu Bank have achieved a leap-forward growth of 100 billion in recent years. On 20021,Chengdu Bank quickly recovered from the epidemic, with total assets exceeding 760 billion yuan, reaching 768.346 billion yuan. As of March 3 1 this year, the total assets of Chengdu Bank exceeded 830 billion yuan for the first time, reaching 837.798 billion yuan, an increase of 9.04% compared with the end of last year.
Judging from the performance of the secondary market, Wind data shows that the share price of Chengdu Bank rose by 202 1 6.4%, ranking first among A-share banks. From the beginning of 2022 to August 5, the cumulative increase of this bank exceeded 30. 1%, ranking first among listed banks.
29 Chinese-funded banks were qualified for fund custody.
Chengdu Bank obtained the qualification of fund custody this time, becoming the third Chinese bank to obtain the qualification of fund custody this year and the 29th Chinese bank to obtain the qualification.
Since Suzhou Bank announced on March 8, 2008 that the qualification of securities investment fund custody was approved by the CSRC, the situation of "breaking the board" in the approval of Chinese banks' fund custody licenses for nearly 8 years has been broken.
In 20 14, Shang Hui Bank, Guangzhou Rural Commercial Bank, hengfeng bank Bank, Baoshang Bank, Hangzhou Bank, Nanjing Bank and Jiangsu Bank successively obtained the qualification of securities investment fund custody business. In the following eight years, no Chinese bank obtained this qualification.
During this period, only three foreign banks, Standard Chartered Bank (China), Citibank (China) and Deutsche Bank (China), were granted "licenses" for fund custody on 20 18, 10, September 2020 and February 2020 respectively.
Following Suzhou Bank, on July 22nd, official website, the CSRC, showed that the CSRC approved the qualification of securities investment fund custody of Qingdao Bank, and said that Qingdao Bank should strictly abide by relevant regulations, earnestly perform the duties of fund custodian, take effective measures to ensure the integrity and independence of fund assets, and earnestly safeguard the legitimate rights and interests of fund share holders.
Before the three banks' securities investment fund custody qualifications were approved, official website of China Asset Management Association showed that 58 financial institutions had fund custody qualifications.
Among them, there are 26 Chinese banks, namely: Industrial and Commercial Bank, Agricultural Bank, China Bank, China Construction Bank, Bank of Communications, Huaxia Bank, China Everbright Bank, China Merchants Bank, China CITIC Bank, Minsheng Bank, Industrial Bank, Shanghai Pudong Development Bank, Bank of Beijing, Ping An Bank, Guangfa Bank, Postal Savings Bank, Shanghai Bank, Bohai Bank, Bank of Ningbo, Zheshang Bank, Shang Hui Bank and Guangzhou Rural Commercial Bank.
Together with these three banks, a total of 6/kloc-0 institutions have obtained fund custody licenses, including 29 Chinese banks, 3 foreign banks and 29 brokers. In addition, there are 1 1 companies waiting in line to apply for fund custody qualification, including 3 Chinese banks, 2 foreign banks and 6 brokers.
China and foreign banks compete to enter the market.
Judging from the data, the fund custody business is still absolutely dominated by banks. Public Offering of Fund's bank custody started earlier and occupied a dominant position in the market. 1998 the five major banks that have established diplomatic relations between workers, peasants and China have obtained the qualification of fund custody.
Specifically, at present, there are three Chinese banks, namely Mongolia Commercial Bank, Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank, whose applications for fund custody business qualifications are in the queue. The foreign banks are HSBC (China) and BNP Paribas (China); These six brokers include Western Securities, Caixin Securities, First Venture Securities, TF Securities, Dongxing Securities and Cai Xiang Securities.
It can be seen that Chinese and foreign banks are scrambling to enter the market. According to industry insiders, in addition to the direct income from custody fees, commercial banks can also obtain long-term, stable and low-cost funds through custody deposits. For banks, the fund custody business is helpful to obtain capital precipitation, improve customer stickiness and customer acquisition ability, and increase the intermediary business income of bank fund service fees.
However, insiders also believe that "the entry of foreign banks into the Public Offering of Fund custody market will definitely bring new changes to this field, but it should not significantly change the current market structure." The six state-owned banks plus China Merchants Bank have obvious advantages in talent, experience accumulation and system construction. Wind data shows that from the perspective of the total assets of custody funds (open+closed), the top ten are all from banks, and the total assets of custody funds all exceed one trillion yuan.
Therefore, the pattern of the future custody market will still be that the head bank represented by state-owned banks and stock behavior will continue to occupy the dominant position in the market, and the market concentration will remain at a high level in the future.