The latest "Promotion Wealth Management Income Index Report" released by Puyi Standard shows that in December 2018, in an environment of relatively loose liquidity, the overall income of various financial products continued to decline.

Among them, the income of bank wealth management products maintained the downward trend in November last year, falling 3 BP month-on-month to 4.34%, and the decline narrowed; the monetary income of funds rebounded sharply, rising 60 BP month-on-month to 3.43%; the income of wealth management products fell 16 BP month-on-month to 8.74%; P2P products

Earnings increased 3BP to 9.33%.

In terms of bank financial management, in December 2018, 414 bank financial products*** issued 9,016 financial products.

Compared with November 2018, there were 11 more issuing banks and 139 more products.

Since the beginning of this year, in order to strengthen the risk isolation of asset management and reduce multi-layer nesting, supervision has issued a number of programmatic documents to guide the transformation of the asset management business of commercial banks.

In the first year of net worth transformation, commercial banks paid more attention to exploring the rhythm and pace of strategic transformation, with a view to completing the transformation as soon as possible during the transition period.

In terms of trust financial management, in December 2018, 62 trust companies issued 1,567 collective trust products, an increase of 671 compared with November 2018.

In terms of monetary funds, the number of monetary fund products was generally stable in December 2018, with 114 institutions offering 747 products.

In terms of product operation, after several months of decline, returns increased significantly this month, with an average return of 3.43%, the highest level in the past half year.

According to Wind statistics, more than 70% of money fund products have an annualized return rate of more than 3% on the 7th.

Towards the end of the year, the overall income growth momentum of the monetary fund industry is obvious.

Judging from the risks of various financial products, although P2P has the highest returns, the risks cannot be ignored.

In December last year, the P2P industry continued to explode. There were 40 new problem platforms in a single month, including 7 economic investigation platforms, 1 illegal platform, 11 delayed payments, and 21 website closures.

In fact, since the promulgation of the "Interim Measures for the Management of Business Activities of Online Lending Information Intermediaries", industry governance in the past two years has promoted the overall development of the P2P industry.

However, in the process of the gradual deterioration of the underlying assets, compared with the stricter compliance requirements and stronger risk control capabilities of traditional financial institutions, the early extensive development of the P2P industry showed obvious weak risk resistance characteristics.

Considering the transmission effect of risks within the industry, investors are advised to invest cautiously in the short term.

In terms of bank financial risks, in 2018, regulators continued to release strict supervision signals.

Against the background of unified supervision of the asset management industry, rectification of illegal and irregular behaviors in bank financial management is also continuing.

In December last year, a number of banks were punished by the China Banking Regulatory Commission for segregating risks in their wealth management business, capital investment, and product sales.

The transformation of financial management business of commercial banks has a tight schedule and heavy tasks.

Supervision is in-depth promoting the transformation of asset management and rectification of problems by identifying the ultimate investors of financial products upwards and the underlying assets of financial products downwards.

In terms of trust financial risks, in December last year, Hunan Trust was fined 300,000 yuan by the Hunan Banking Regulatory Bureau for violating regulations and prudent operating principles by providing financing to local governments.

Since Zhongrong Trust and Zhongjiang Trust defaulted in early 2018, risks in the trust industry have accelerated.

Trust industry data shows that as of the end of the third quarter, there were 832 risk projects in the trust industry, with a scale of 215.973 billion yuan, an increase of 231 and 84.539 billion yuan respectively from the end of last year.

In terms of money fund risks, there are no obvious risk events for money funds. The yields of money fund products have increased due to the overall market conditions and year-end surge factors.

Related Q&A: Related Q&A: Do you have any acquaintances who have suffered losses while participating in P2P financial management?

What's the current status like?

Yes, I have!

My friend invested 1 million in three platforms: Group Loan 400,000, Jiufu 400,000, and Wanying Finance 200,000. These three platforms were relatively famous at the time, ranking among the top 20 online loans, and they were also big platforms. At that time, there were occasional

The pheasant returns to the platform were thunderous, but I never thought they would have problems. My friend selected these stocks for several days before deciding to invest in these stocks.

Tuandai has its own listed company and has a small yellow truck for garbage classification; Jiufu is listed on Nasdaq and has securities companies, small loan companies, etc. under its subsidiaries. P2P Loan Home and P2P Loan Eyes are among the top five; Wanying Financial is known as

My friend has a background in Wuliangye, a state-controlled listed company. He is a prudent investor. He didn’t want to mess around, so he invested in several platforms that he believed were safe, risky, low-interest-rate, and moderate.

Unexpectedly, Tuandai.com suddenly went crazy overnight. It has been more than 3 years since it has paid out a penny. However, tens of billions of funds have been recovered, so sooner or later they will be paid out in proportion. It should not be a surprise; Jiufu 40% off

After transferring 200,000 yuan, he said there would be no discount on the remaining 200,000 yuan because Jiu Fu had the ability to pay and was now a swindling lender.

Wanying Financial has already filed a case, and the previous so-called background shareholders have disowned it and are unlikely to come back.

My friend has recovered from the P2P losses and operates two long-distance buses, and the losses he has suffered are within the tolerance range.

The irreversible fact has already existed. There is no need to sink yourself into despair. He has a good mentality.