How to effectively control risks and realize expected returns is definitely closely related to the management ability of the issuing bank. As we all know, the deposit funds are mainly used for bank lending, while the funds raised by wealth management products are mainly used for banks to invest in financial derivatives such as bonds and trusts, which are profitable through effective management and then distributed to investors. In this operation management process, product research and development, market launch and risk control of the whole process are inevitably involved, which require the support of a high-quality professional operation management team. To put it bluntly, this is a technical job.
As we all know, rural commercial banks are reformed from qualified rural credit cooperatives and still belong to local rural financial institutions in nature. Due to institutional reasons, rural commercial banks do not have advantages in attracting professional talents under the condition of fierce market competition, which will inevitably lead to a shortage of professional financial talents, or a serious shortage in some places. This is also one of the reasons why some rural commercial banks implement the mode of consignment of wealth management products.
After the recent introduction of the policy of the regulatory authorities on financial subsidiaries, the competition in the financial products market will be further fierce. Among them, the four major state-owned banks and some joint-stock banks have high hopes for wealth management products because of their strong financial strength, and they have quickly announced their establishment. However, there is little information about the establishment of financial subsidiaries by rural commercial banks, which is not only related to the financial strength, but also related to the talent structure. According to the policy, after the establishment of the wealth management subsidiary, both public offering and private offering of wealth management products can directly enter the stock market, which undoubtedly puts forward higher requirements for wealth management product research and development, market investment and risk control.
Of course, we can't absolutely say that the wealth management products of rural commercial banks are safe or not, because the nature of wealth management products is risky, but the probability of risk is large or small, and the degree is high or low. Even no bank can say that wealth management products are absolutely safe. However, in terms of comprehensive financial management ability, the security of homogenized products is weaker than that of state-owned banks and joint-stock banks.
According to statistics, among the top 50 comprehensive financial management capabilities in the whole market, rural commercial banks are not listed, which proves again from the side. However, there are also outstanding financial products in rural commercial banks, such as Chongqing Rural Commercial Bank, whose comprehensive financial management ability ranks first among rural financial institutions. Since wealth management products are not covered by the Deposit Insurance Regulations, after the regulatory authorities introduced new regulations on asset management,
Investors should change their financial management concepts in time and attach great importance to the risks of non-guaranteed floating income wealth management products, after all, the risks are at their own risk. Therefore, even if you buy the wealth management products of rural commercial banks, you should choose the rural commercial banks with the highest comprehensive financial management ability. If it is not available locally, you would rather choose state-owned banks or joint-stock banks to further improve the safety of wealth management products.