Urban investment bonds, also known as "quasi-municipal bonds", are local investment and financing platforms for public issuance of corporate bonds and medium-term notes, and their main businesses are mostly local infrastructure construction or public welfare projects. From underwriters to investors, people involved in the bond issuance process regard it as local government bond issuance. With the rise of "new bonds", corporate bonds have become the hottest investment varieties in the bond market. At present, the yield level is at a historical low level, and the bond market as a whole has not gone out of consolidation. With the advantage of high interest rate, corporate bonds reproduce the hot issue scene of "one ticket is hard to find, one ticket is hard to find" in the heyday of corporate bonds. According to the statistics of wind information, the number of corporate bonds issued in February approached the "blowout level", and medium-term notes became the most active variety of new bonds issued in that month. According to the latest statistics of Central Securities Depository and Clearing Co., Ltd., in 2009,1-1,local corporate bonds issued nationwide totaled19765438+33 million yuan, most of which were urban investment bonds called "quasi-municipal bonds". This scale is equivalent to 200 billion yuan of local debt issued by the state in 2009. Some urban investment bonds are "over-packaged", which intensifies the risk.
Domestic institutions that can provide financial services to customers mainly include banks, securities companies and investment companies.
1. Bank investment
The wealth management products provided by commercial banks in China are generally certificates of deposit and asset management products. Funds sold by brokers or fund companies are not financial management.
2. Financial management of securities companies
Securities financing generally includes securities income certificates, asset management products and so on.
3. Insurance financing
Insurance financing tends to be long-term, focusing on solving education planning and pension planning after a long time, and solving security problems such as accidents and medical care.
4. Investment company financing
Financial management of investment companies generally includes trust funds, gold investment, jade, jewelry, diamonds and third-party financial management. With high initial capital requirements, it is suitable for high-end financial managers.