During the expansion of the bank wealth management subsidiary, 6 have been approved for opening

Reporter Yang Jie

During the year, the pace of approval of bank wealth management subsidiaries accelerated. On August 3, Hengfeng Bank Co., Ltd. (hereinafter referred to as "Hengfeng Bank") issued an announcement on its official website that its wholly -owned subsidiary Hengfeng Financial Co., Ltd. (hereinafter referred to as "Hengfeng Finance") was obtained. The Insurance Supervision and Administration Commission approves the opening. At this point, 6 bank wealth management subsidiaries have been approved for opening, and many banks have stated that they plan to establish financial subsidiaries.

In this regard, CITIC Securities Chief Economist said in an interview with the Securities Daily that in the future, the bank wealth management subsidiary will gradually undertake most of the mother bank's financial management business and become the absolute subject of the wealth management market.

Bank wealth management subsidiary team grows

The announcement issued by Hengfeng Bank shows that Hengfeng's registered capital is 2 billion yuan, the registered place is Qingdao, and the business scope is: to publicly issue wealth management products for unspecified public, invest in and manage the property of entrusted investors; facing qualified for qualifications; Investors are non -publicly issued wealth management products to invest and manage the property of entrusted investors; wealth management consultants and consulting services; other businesses approved by the State Council's banking supervision and management agency.

Hengfeng Bank stated that the establishment of Hengfeng Financial Management is an important measure to strictly implement the supervision requirements, promote the healthy development of wealth management business, and promote the return of bank wealth management business to the origin, marking that the bank is promoting the return of asset management to the origin of the source and serving the high -quality development of the real economy. , To help the realization of common prosperity, take an important step.

"Under the current regulatory policy, only bank wealth management subsidiaries can issue bank wealth management products. Therefore, various banks have applied for the creation of wealth management subsidiaries to obtain the entry voucher for bank wealth management business." Xue Hongyan told the Securities Daily reporter.

Since the beginning of this year, many bank wealth management subsidiaries such as Puyin Finance, Schroder's Bank of Traffic Management, Shangyin Financial Management, Goldman Sachs Industrial Bank Financial, and Luminki Wealth Management have been approved. As of now, a total of 29 bank wealth management subsidiaries across the country have been approved, including 6 state -owned banks, 11 joint -stock banks, 7 urban commercial banks, 1 rural commercial bank, and 4 joint venture banks. Except for the Bohai Sea Financial Management, the remaining 28 financial management subsidiaries have been approved.

Obviously, if wealth management subsidiaries want to stand out in the wealth management market, on the one hand, they need to use years of experience in solidarity investment in solidarity to do a good basis to create absolute income for customers; System construction, increase talent training, and use FOF and other models to make good investment in equity. In addition, in addition to the help of the parent channel, wealth management subsidiaries also need to continuously expand new channels, expand product coverage, and continuously strengthen the size of the product.

"Bank wealth management business, in the short term, depends on the customer's foundation, and has long -term product capabilities." Xue Hongyan said that at this stage, bank wealth management subsidiaries mainly rely on mother bank to obtain customers, and national banks have more competitive advantages. However, in the context of the net worth of wealth management products, the market put forward higher requirements for bank product management capabilities and customer companionship capabilities. Compared with fund companies, banks are generally short -board in net worth product management. Those can be committed to improving improvement Bank wealth management companies with product capabilities are easier to stand out in the "middle and long running".

Regional banks apply for enthusiasm and high enthusiasm

Listed banks have also made new progress in setting up wealth management subsidiaries. A few days ago, Zilu Bank issued an announcement saying that we plan to set up a wealth management subsidiary. On May 19 this year, Xu Jianping, chairman of Lanzhou Bank, stated at the 2021 online performance briefing that in the future, Lanzhou Bank will actively carry out the application of financial subsidiaries, consumer finance companies and other related financial licenses within the scope of the regulatory policy. Create a professional team with comprehensive financial services.

Since the beginning of this year, commercial banks have been encouraged to set up wealth management subsidiaries. For example, in January, Henan Province issued the "Henan Province Construction High Standard Marketing System Implementation Plan" and mentioned that "promoting the establishment of bank wealth management subsidiaries and insurance asset management companies in the Central Plains Bank, Zhengzhou Bank, Central Plains Agricultural Insurance and other local financial institutions. The "Fourteenth Five -Year Plan for the Development of the Financial Industry in Hubei Province" issued by Hubei Province clearly stated that "encouraging legal person commercial banks to establish financial management subsidiaries in Hubei."

"Financial subsidiaries are the focus of promoting bank wealth management business in accordance with the requirements of regulatory policy requirements. It is also an important direction for commercial banks to regulate their own wealth management business and achieve long -term healthy and stable development. The way to transform must be. "Obviously, the most important consideration is the scale of the wealth management business and the degree of compliance. Banks with too small the size of the wealth management business are not necessary to establish a financial management. Essence

Xue Hongyan said that from the perspective of the development trend of the industry, the essence of wealth management business is to help customers realize the effective allocation and reasonable value -added of wealth. In some standardized configuration products, the business homogeneity is high, and the national institutions will be strong and stronger; land. Therefore, the future may form a national comprehensive leader and regional characteristic institution coexisting in the future.

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