In the first 7 months, the number of banks' "solid income+" products of banks decreased by 30 % year -on -year "+equity" products to become "double -edged swords"

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Our reporter Peng Yan has always been sought after in the bank wealth management products. However, this year's situation has changed. "Solid income+" products have not only decreased year -on -year, but the performance benchmark also lowered. "Securities Daily" reporter learned from the bank wealth management sales channel that since this year, because of the "solid income+" products of bank wealth management, it has been obviously retracted by many times, and it is difficult to meet the expectations of investors to obtain "stable income". Cooling. In an interview with the Securities Daily reporter, Li Yilin, a post -doctoral institute of China Research, said that there are two main reasons for the decline in the number of newly issued products from January to July this year from January to July. Most banks and wealth management subsidiaries have adopted a relatively cautious issuance strategy; the second is related to the significant increase in the scale of single wealth management products. In the context of the comprehensive transformation of wealth management products to the transformation of net worth, the yield of "solidaries+" wealth management products is facing great uncertainty, so some banks have lowered the performance benchmark for relevant product performance. However, Li Yilin also emphasized that the macroeconomic and capital markets in the second half of the year still face many challenges. In a relatively shocking market environment, compared with equity products, solid -income products are still preferred objects. The number of "solidaries+" products will be reduced by 30 % year -on -year "solidarity+" is an investment strategy. It is based on obtaining fixed income and supplemented by equity asset allocation. Specifically, "solid income" refers to the use of low -risk fixed income assets as the bottom warehouse to obtain basic income and control investment risks; Assets or alternative assets, or adopt strategies such as new and hedging, increase their income on the premise of controlling net worth fluctuations and retracement. In recent years, banks have deployed "solidaries+" products to explore the market. However, due to the great fluctuations in the bond market and the equity market this year, the bank wealth management "solid income+" products have repeatedly retracted, and the number of products issued has declined significantly. According to the statistics of the Puyi Standard, from January to July this year, the number of "solid income+" wealth management products of banks and wealth management subsidiaries was about 13,000, which was 35.6%from the same period last year. The proportion dropped from 49.3%last year to 45.4%. Behind the decrease in the number of products, since this year, the performance benchmark of some "solidaries+" wealth management products has also been obvious. According to the Puyi Standard Data, from January to July this year, the average performance comparison of the new "solid income+" products released by banks and financial subsidiaries was 4.1%, compared with 4.17%in the same period last year. CITIC Securities Chief Economist clearly told a reporter from the Securities Daily that the decline in the number of "solidaries+" products was mainly affected by multiple factors at home and abroad since the beginning of the year. The net value retracement. Affected by this, investors' purchase of enthusiasm decreased, and even a "redemption wave" appeared. Many banks have lowered the "solid income+" product performance benchmark in order to reasonably guide investors' expectations. The reporter learned from the banking channel that due to the fluctuations in the capital market, investors' attention to bank wealth management "solidaries+" products has declined. Many bank wealth management managers told reporters that the recent "solidaries+" products are not easy to sell, mainly because some "solid income+" products have not effectively controlled the risk exposure of equity since this year, which has led to obvious cleaning of net worth, which is difficult to meet, and it is difficult to meet it. Investors have obtained the expectations of "stable income" and "absolute income", which leads to a decrease in investor purchase demand. Xue Hongyan, deputy dean of the Star Financial Research Institute, told reporters that since 2022, due to the significant fluctuations in the capital market, the "solidarity+" products are generally difficult to reach the performance benchmark, and the new hair products have to lower the performance benchmark. After the performance base is reduced, the attractiveness of related products to customers will inevitably affect the circulation. How can the agency's preferred object bank and wealth management subsidiaries still lay out "solidaries+" products in order to meet customers' needs for "stable income" and "absolute income"? "There are two main problems facing bank financial management: First of all, wealth management products have been comprehensively net worth, but investors' just exchange concepts have not reversed. In the future, investors need to strengthen the education of investors and reverse their just redemption expectations. Second, banks need to be in '' The operation of solidarity+'products is more cautious. It is more secure after accumulating sufficient safe pads. "It is clearly said." Xue Hongyan believes that "solidaries+" products generally rely on "+equity" to thicken the income. Only in the bull market environment that the equity assets are going up, it is more effective, but this year's equity assets are in the overall downward environment, which is not conducive to "+equity" Product operation will only drag related product performance. Therefore, banks need to timely adjust the underlying asset allocation strategy based on the market environment, and to allocate differentiated assets in conjunction with the market environment to better meet the needs of stable investors. Talking about the development trend of "solidaries+" products in the future, it is clearly believed that under the era of comprehensive net worth of wealth management products, the superposition interest rates have continued to decline. A large number of investors. Especially after recovering the equity market, it will still be one of the key wealth management products for banks. Li Yilin believes that in a relatively shocking market environment, solid -income products are still preferred objects, and the long -term good trend of "solidaries+" products will continue.

In the future, the banking wealth management market may be mainly stable. Banks and financial subsidiaries will need to invest more energy into the choice of macro situations and equity products to minimize the disturbance of expected risk factors on expected income.Recommended reading

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Picture ｜ Bag Picture Network Station Cool Hero Production | Liu Zhizhi

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