Yang Ma recently took the lead in introducing the most stringent new asset management regulations in history, and the largest bank wealth management has become the hardest hit area for the rectification of the new asset management regulations.
Since the beginning of this year, bank financing has been restricted many times, and now it has the strictest supervision. It seems that the bank wealth management market is really going to change.
At present, bank financing is still the most selected financial management method for China people, ranking first in the financial management market with a scale of 29 trillion yuan.
The change of bank's financial management mode will inevitably have a great impact on the financial management mode of the vast majority of China people.
I. Great changes in the wealth management market
In the whole wealth management market, bank wealth management has the largest scale and the most problems: rigid redemption, leverage, fund pool and multi-layer nesting.
One of the biggest problems is rigid redemption, that is, some people will advance their guaranteed income when the wealth management products fail to meet the requirements.
The scale of bank financing has reached 29 trillion. If the loss is 10%, if it must be fully covered, the amount will be as high as 2.9 trillion, and how many small and medium-sized banks will be crushed.
The central government also saw this situation, so it introduced a new policy.
First of all, products that do not guarantee the principal and income, and deny the expected income, all products that require bank wealth management can only take the net value route.
What is a net worth type? The fund is a net worth product, with no expected rate of return, only floating income, and no guarantee of principal or interest.
Secondly, the size of the bank wealth management market will shrink.
Since the on-balance-sheet wealth management business is included in the bank deposit accounting, it cannot be carried out, that is, banks cannot expand their assets in this way.
Limited scale means that many businesses of banks will be restricted, and many products can no longer be issued because they can't meet the asset size requirements of products.
Thirdly, there will be fewer and fewer short-term bank wealth management products.
It is mentioned in the new asset management regulations that the minimum period of closed asset management products shall not be less than 90 days.
Second, how to manage money in the future.
In fact, the great changes in the wealth management market were predicted as early as July this year. At that time, at the national financial work conference, a word was mentioned, returning to the source.
It means that you should do what you should do, unless you can do it, you can't.
Because of the chaos in the financial industry, the attributes of many things have changed, which not only leads to great risks, but also deepens social contradictions.
The above opinions are very clear, and it is necessary to guard against systemic financial risks.
Therefore, whether it is the superficial regulation of supervision or the deep intention of supervision, it is obviously inevitable to break the exchange, and you can no longer have the idea that the state will do all the financial management and investment for you.
(Selected WeChat official account currency harbor)
Finally, Wan Chai suggested that it is more important to learn financial management knowledge and learn to judge the risks of financial products in the face of the upcoming great changes in the financial market.