How can the second batch of pilot financial pilot institutions have been launched one after another?

21st Century Business Herald reporter Li Yue Beijing report

The second batch of pilot financial management agencies for the pension of the elderly financial management have been issued one after another.

Following the first pension wealth management product issued by China Post Financial Management on August 3, the 21st Century Economic Herald reporter learned that Banking Financial Management and BOC Financial Management will also issue the first pension wealth management product next week.

Since the CBRC issued the "Notice on Expanding the Pilot Scope of Pension Wealth Management Products" in February this year, after expanding the pilot financial management pilot to the "ten places and ten institutions", and the release of the personal pension system, the market's attention to pension financial management has gradually heated up. Each institution is also constantly promoting the knowledge of pension financial management.

With the launch of the second batch of pension wealth management products of the second batch of pilot financial management pilot institutions, Liang Tao, vice chairman of the CBRC, recently said that the next step will be based on the full summary to study the scope of the pilot in a timely manner.

This statement exceeds market expectations. According to the original plan, the pilot time of pension financial management is tentatively set as one year, that is, from September 15th, 2021 to September 14, 2022, at the same time, when the pilot financial management pilot is expanded to the "ten places and ten institutions" The CBRC did not mention further expanding pilot matters.

People in the industry believe that further expanding pilot financial management pilots or intended to connect with personal pension systems. At present, relevant departments are determining the first pilot cities of the personal pension system, and the pilot time is one year.

"Since last year, the China Banking Regulatory Commission has officially launched the pilot of pension products. At present, 231,000 investors have subscribed for more than 60 billion yuan in pension wealth management products, and the overall start is good and progress is smooth." Liang Tao also revealed.

The second batch of pilot organization products have been launched one after another

On August 3, China Post Financial issued the first pension wealth management product. The 21st Century Economic Herald reporters learned that from the perspective of market response, sales exceeded expectations, and the sales volume of only one hour of products exceeded 2 billion yuan, and the cumulative subscription amount was 3 billion yuan, which was successfully completed in advance. The company is preparing the second phase of the product.

Industry insiders believe that the raising situation of China Post wealth management products exceeds expectations and various factors. On the one hand, China Post Financial Management has fully prepared and publicized before the product was launched. On the other hand In the launch of the system, more and more people have further deepened their awareness of old financial management and have been recognized.

"It is mainly to see that the product performance is relatively high, so I bought it." An investor who bought China Post wealth management products told the 21st Century Business Herald reporter. According to product information, China Post Financial's product performance is 5.8%-8%, which is the same as the performance of the first batch of 4 pension wealth management products of the first four pilot financial management pilot institutions. Recently, the performance of the performance of pension wealth management products issued by these institutions has been lowered to 5.5%-7.5%.

China Post Financial Relevant persons said that after the first pension wealth management product is issued, product management will continue to do well. In terms of customer service, relying on the advantages of postal savings banking channels, accurately positioning and deeply reaching pension financial management target groups to improve product iteration speed and quality. By strengthening data and scientific and technological support, it provides customers with better services to meet customer pension. Wealth management needs. In terms of product operation, we will give full play to the comprehensive advantages of bank wealth management companies in full spectrum investment, strengthen market research and judgment, strictly implement investment strategies, and adopt preferential product rates to benefit a wide range of customers.

The 21st Century Economic Herald reporters learned that after the financial management of China Post Financial Management, the Bank of Communications and BOC Financial Management will also issue the first pension wealth management product next week. At present, the products of the Bank of Communications Financial have been filed on China Wealth Management Network. Product information shows that its risk level is R3, and the performance comparative benchmark is 5%-7%; BOC Financial Management is promoting the product.

The pilot is expected to be further expanded

According to statistics, as of now, 231,000 investors have subscribed for more than 60 billion yuan in pension wealth management products. With the launch of the second batch of pilot financial management agencies for pension wealth management, the regulatory authorities are planning further expansion. Liang Tao, vice chairman of the CBRC, said recently that the next step will be based on a full summary to study the scope of further expanding the pilot in a timely manner.

"There are many situations to expand the scope of the pilot: one is to expand the scope of the pilot organization, the other is to expand the scope of the pilot area, and the third is to expand the buyer when the pilot areas remain unchanged; or these three situations are combined." The possibility of raising up is temporarily smaller, and many institutions have not been used up.

In terms of institutions, as of now, the China Banking Regulatory Commission has approved 29 bank wealth management companies for construction, 28 have been approved for opening (Boyin Financial Management has not been approved), and 26 (Hengfeng Financial Management, Goldman Sachs Industrial Bank Financial Management has not yet been officially opened and operated. Open). The pension financial management institutions that have participated in the pilot are "10+1" home: ICBC Financial Management, CCB Finance, Trading Bank Finance, BOC Financial Management, Agricultural Bank of China Finance, China Post Financial Management, Everbright Financial Management, Micro -Bank Financial Management, Xingyin Financial and Xinxin Silver wealth management, as well as Berlaide's CCB financial management, that, more institutions are expected to enter the next pilot.

"It is expected that the earlier shares wealth management company and the city commercial bank wealth management company will be expected to be shortlisted. As for foreign -funded holding wealth management companies, it is expected that new forces will also join." Zhou Yinqin, an expert in financial supervision policy.

In terms of region, investors currently can purchase pension financial management are limited to 10 places in Beijing, Shenyang, Changchun, Shanghai, Wuhan, Guangzhou, Chongqing, Chengdu, Qingdao, and Shenzhen, and those who have issued identity cards issued by local public security organs. And if the city commercial bank wealth management company joins the pilot scope, the pilot cities will also expand. In terms of buying crowds, a wealth management company said that in the current pilot areas, many new citizens, especially Beijing, Shanghai and other large population flowing into areas, they also need to buy pension financial management.

"In the later period, some pension wealth management products will be included in personal pensions, which also means that this part of the product will be connected with the personal pension system, and the participants of personal pensions have no identity card restrictions. . "The above -mentioned wealth management company people think.

A few days ago, the spokesperson of the Banking Insurance Regulatory Commission and director of the Ministry of Regulations, Xiang Xiang, said at the press conference of the operation and development of the banking insurance industry in the first half of the year that the CBRC Active Meeting of the Ministry of Social Affairs and the Ministry of Finance to study and formulate the implementation rules and supporting facilities of the personal pension system and support The system strives to promote the early implementation of the personal pension system. "At present, the relevant supporting policies have been solicited within a certain range, and they are about to be introduced in the near future. The specific time of the introduction must be determined depending on the overall work progress of the personal pension system."

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