Bank of East Asia's response to thunderstorm rumors is false news.
It turned out that it was not the bank's own products that thundered, but a trust wealth management product it sold on a commission basis. After the deadline, it can't be redeemed anywhere, so investors can only come to the consignment bank to discuss it. They claimed to have invested 300,000 to 500,000 yuan in principal, some as high as10 million yuan. They are very worried that their financial management can't pay.
This incident once again reminds everyone that investment and financial management are market behaviors and are risky. If the bank only sells it on commission, isn't it? Capital preservation? Investors should be cautious and rational when placing orders.
Many people may not know that banks have a business called? Consignment? .
What does this mean? In other words, the wealth management products sold by banks are actually not their own, but are owned by third parties, but ordinary people don't understand them. Most people think that banks are responsible for what they sell. In fact, the bank doesn't care about the wealth management products sold on behalf of the bank. The bank only sells them and divides the commission. As for the benefits and risks of wealth management products, it has nothing to do with banks. Therefore, if banks sell wealth management products on their behalf, it really cannot be said that the Bank of East Asia has exploded. What happened in the Shanghai branch of the Bank of East Asia was nothing more than that retail investors were harvested again.
However, the stock market plummeted earlier, and the income of investment equity wealth management products declined, which made buyers suffer losses.
The deeper reason is that everyone pursues stable bond-type wealth management products, while short-term bonds, local bonds, corporate bonds and other bonds are issued less. Many pure debt funds are only a few hundred million, and the number is only two or three billion, but subscription is restricted. That is, market demand is greater than supply.
In this way, some wealth management products can only invest in the stock market, which may not be clearly stated, resulting in the inconsistency between customers' expectations and actual returns.
Finally, I feel that the bank of East Asia's wealth management products are not strictly controlled beforehand, which leads to overdue payment, and it does not support consumers' rights protection afterwards, and its attitude is arrogant and indifferent.