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First, the advantages of financial products
一、理财产品的优势
Since 2007, based on the Chinese stock market downturn, financial products have emerged, and the momentum of malpractice. According to the Academy of Social Sciences Institute of Finance released the Blue Book, said the first three quarters of 2012 offering financial products 23858 models, to raise funds flow scale of not less than 2 billion. 2012 stock market downturn, one into the stock market like the deep sea; gold bull market years of decline halted; make a purchase, real estate market transactions lukewarm. In the current economic context, financial products thriving, steady income, duration flexible advantage of the higher returns that most investors will make bank financing as the current investment choice.
Steady income, bank financing products to "funding pool" mode, mainly rely on realized gains maturity mismatches. December 20 Puyi wealth to the latest monitoring data shows just the past week, a total of 412 models of financial products expire, which announced a yield to maturity of 111 products are all expected to achieve the highest yield, maturity yield reached 5.00% and a total of 14 models of the products. 自2007年以来，基于中国股市的低迷，银行理财产品应运而生，并且势头日盛。据社科院金融研究所发布的蓝皮书称，2012年前三季度发售理财产品23858款，募集资金规模流量不低于20亿。2012年股市持续低迷，一入股市深似海；黄金十年牛市下滑止步不前；限购令一出，房产市场交易冷淡。在当前经济背景下，银行理财产品一枝独秀，收益稳健、期限灵活、回报较高的优势使得多数投资者将银行理财作为当前投资首选。
Term flexible financial products with short, medium and long term, ranging from one month to one-year period. Short-term feature prominent, 1 to 3 months of products occupy about 60% of the total number, duration diverse product rolling release, customer funds are not idle, customers can choose according to their own situation, flexible, choose a different period of continuous product.
收益稳健，银行理财产品以“资金池”模式运行，主要依靠期限错配实现收益。12月20日普益财富最新的监测数据显示，刚刚过去的一周内，共有412款银行理财产品到期，而其中公布了到期收益率的111款产品全部实现了最高预期收益率，到期收益率达到5.00%及以上的产品共有14款。
Lower risk, the bank from the sale of our self-developed risk financial products through rigorous audit, the risk is relatively low. As of mid-year regulatory disclosures to invest in financial products, bonds, money market instruments, interbank deposits accounted for over 60% of project finance debt http://www.ukassignment.org/fxgllw accounted for about 25% of class and high-income equity assets accounted for about 10%. Bank financial products, fixed income and invest in bank term, central bank bills, etc., with less risk, steady income.
Financial products that increase the bank's revenue also increased investors' income. According to statistics, in 2011, 160 banks as clients realized investment gains 175 billion. 2012 first three quarters, China's social financing scale 11730000000000, bank financial products over the same period accounted for 18% of financing scale, linking household savings funds and direct financing of the bridge.
Second, the risks of financial products
With mid-December, a branch of Huaxia Bank Jiaxing consignment of non-financial managers privately Bank Ding series of financial products, the occurrence of breach of contract, revenue can not be honored, causing investors to protest, and on the bank's credit greatly reduced. On December 17 CCTV "Weekly Quality Check" column, CCB was broke Shanghai, Chongqing and other insurance products in the consignment problem occurs. Sort of financial disputes, undoubtedly cast a shadow bank financial market. Its outstanding two risk points: bank employees bootlegs consignment institutional products; imperfect information disclosure of financial products. According to statistics, in 2012 state-owned banks offering financial products to reduce one trillion, while the corresponding city commercial banks, rural commercial finance has become the main issue. Helen Suihua Branch 10 to 18 sales CCB Waxing bond funds 17 million, and I work in a friend Harbin Bank is only the 20th one day more than 10 million sales of financial products. Relative to state-owned banks, city commercial banks deposit base is relatively weak, and the relative maturity solvency risk is higher.
Bank staff bootlegs consignment agency financial products, Jiaxing Branch of Huaxia Bank for employees bootlegs non-Bank financial products, the risk of default, not cashing customers expected revenue, resulting in heavy volume of Hua Xia Bank shares fell 4% in the day, and even the credibility of the entire banking sector is a loss. Traced real benefits, wealth management product sales commission staff is very low, while the consignment agency financial products even up to 6% of sales. The bootlegs agency staff and more financial products at the grassroots level, so for the banks, strengthening grass-roots workers, especially client manager, financial manager of regulatory increasingly important.
Disclosure of financial products is not complete, incomplete products, especially toward disclosure. Bank of China Chairman Xiao Gang's an article on the bank finance "Ponzi scheme" was caused public concern, bank financing more to "pool of funds" model run, huge funds in the bank's internal tanks, the use of maturity mismatch, for demolition of East meeting West realized investor returns. While banks in the sale of financial products yield more publicity, and to invest in the product, investment targets, specific risk is closely guarded secret. Investors do not know the bank through the sale of financial products to raise funds to invest where most financial institutions refuse to publish portfolios to investors, real income, once the crisis of confidence, flower drum transfer stops, banks will collapse trap chain finance , will focus on the risks associated with the outbreak.
Third, strategies and recommendations
So far, the majority of financial products steady income, can achieve the expected rate of return, the higher their risk concentrated in the QDII wealth management and structured products. Maturity mismatches spread income brought about China's banking sector has been the main source of profit, the bank deposits and loans underlying business is the use of credit deposits, loans and earn profits. With the further deepening of market-oriented interest rates, how to occupy the middle of a cake business which banks compete to become the focus of financial products is in the current economic context, the interest rate market pioneer. Any financial innovation must be accompanied by financial risks, strengthen financial supervision, while thinking about how to allow banks to become investors in a mature financial investment instruments? Rather than the risk in the event of its role completely overlooked and benefits.
For banks need to strengthen supervision, strengthen information disclosure system, raised funds market, because there are more transparent and complete information disclosure system, investors gradually understand the "caveat emptor" truth. The transparent mode of operation of mutual funds, financial products may be given to learn from. Bank to regulate the development of wealth management business, full disclosure of information, tips risks and to avoid undue publicity and sales, prevent off-balance sheet risks. Well before the product is released to clarify and information disclosure risks, especially for relying on the maturity mismatch of financial products to obtain gains more space to be complete disclosure.
Of course, in selling financial products risk warning customers to read the book to fully understand the risks of products, select the client's risk tolerance range of products is also important. Buying and selling stocks, funds need to fundamentals, technical analysis and research, etc. Similarly, customers buy financial products also need to be carefully studied before the product manual, Risk Disclosure Statement, on balance, a clear and profitable investment entities channels, measure their own risk tolerance capability.
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