Just now, another bank wealth management subsidiary opened!The scale exceeds 100 million billion

China Fund reporter Cao Wenzheng

The 26th wealth management company is here!

The reporter learned from the People's Livelihood Bank that today, the people's livelihood wealth management officially opened, and at the same time, it also released the "Minsheng Wealth Management and Low Carbon Leading Index".

The 26th Financial Company

Folk livelihood wealth management industry exhibition industry

The reporter learned that on June 30, the Minsheng Wealth Management Co., Ltd. held a ceremony of opening and brand release in Beijing to formally announce its "one-piece and two-wing" product pattern, and at the same time released the "Livelihood Wealth Management-China Gold Low Carbon Leading Index".

Public information shows that Minsheng Wealth Management was founded by Minsheng Bank wholly -owned, with a registered capital of 5 billion yuan. The "Financial Studio" established by Minsheng Bank in 2002 was started in 2002. In the past 20 years, the cumulative sales scale of wealth management products exceeded 3 billion yuan, and the cumulative revenue for customers exceeded 300 billion yuan.

Gao Yingxin, chairman of Minsheng Bank, said that the official opening of Minsheng Wealth Management marks the opening of a new chapter in the wealth management business of Minsheng Bank. The ability to return the real economy, return the majority of customers, and fulfill social responsibility further.

It is reported that at the opening ceremony, people's livelihood management revealed the product structure of the "one -piece and two wings": on the one hand, the main product line of "solidarity and solidarity+" is the main product line. The basic characteristics of stable income "are used to give full play to the traditional advantages of banking wealth management; on the other hand, with the" mixed and equity products "and" alternative products "as the two -wing -driven, they create differentiated competitive advantages and create brand characteristics.

In addition, people's livelihood wealth management also issued a leading index of low -carbon low -carbon in Minsheng Management, which will provide guidance for domestic funds to low -carbon leading high -quality companies.

"On the one hand, the index strives to invest in the" low -carbonization ', optimize the weight of the configuration with low carbon emissions, and reduce the average carbon emission level of holding stocks as much as possible during the construction of the combination; on the other hand The proportion of investment in solutions is to promote the achievement of climate goals. "The person in charge of Minsheng Management introduced.

The preparation period is nearly a year and a half

Manage the product scale exceeding trillions

In mid -June of this year, Minsheng Bank announced that receiving the "Approval of the China Banking Regulatory Commission on the opening of the Lumin Management Co., Ltd." (CBRC [2022] No. 390), the Banking Regulatory Commission has approved the bank's wholly -owned subsidiary of Minsheng Wealth Management Limited liability company opened.

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It is reported that people's livelihood wealth management started in 2002 "Financial Studio" established by China Minsheng Bank, taking the lead in exploring the road of bank financial management.

As of the end of March 2022, the size of Minsheng Bank's wealth management products was 1025.92 billion yuan. Among them, the scale of net worth products was 1001.83 billion yuan, accounting for 97.7%.

As early as December 2020, people's livelihood management had been approved for construction. At that time, the CBRC announced that it approved the consent of the establishment of Minsheng Wealth Management Co., Ltd., which was funded by Minsheng Bank of 5 billion yuan, and the required funds were allocated from the capital. Minsheng Bank shall complete the preparations within 6 months from the date of approval.

According to the "Administrative Measures for Commercial Bank Wealth Management Subsidies", the preparation period of bank wealth management subsidiaries is 6 months from the date of approval decision. Those who fail to complete the preparation on schedule shall submit an extension of the preparatory construction extension to the banking supervision and management agency of the State Council as a month before the expiry of the construction period. The extension of the preparation shall not exceed once, and the extension period shall not exceed 3 months. According to regulations, the preparation period of bank wealth management subsidiaries should not exceed 9 months.

In September 2021, Zheng Wanchun, the president of Minsheng Bank, said that Minsheng Wealth Management had the basic conditions for opening and was submitting to the China Banking Regulatory Commission to apply for application materials to strive to open the business as soon as possible. However, the industry has not been able to wait for the opening of people's livelihood management.

In 2020, the shareholders' financial management subsidiaries, which were approved by the bidding, include Huaxia Finance, Guangyin Finance, and Puyin Finance. Among them, Huaxia Financial Management was opened in September of that year. The month and January 2022 opened. From preparation to opening, the use of people's livelihood for nearly a year and a half.

New players continue to expand

27 have been allowed to open

It has been more than three years since the first batch of bank wealth management companies have been allowed to open, and the number of players is still expanding. With the addition of people's livelihood wealth management and Goldman Sachs Industrial Bank financial management, according to statistics, as of now, a total of 29 bank wealth management companies have been approved for construction, 27, and 27 It has been allowed to open. Among them, all the six state -owned banks have all established and exhibited wealth management sons. 11 joint -stock banks, seven urban commercial banks and 1 rural commercial banks have also opened or prepared to open. With the acceleration of financial business opening up, in addition There are also four Chinese and foreign joint venture financial subsidiaries.

In addition, Bo Yin Financial Management and Hengfeng Finance have been approved by supervision and preparations, and are waiting in line to "open"; there are five banks of Zhejiang Commercial Bank, Bank of Beijing, Bank of Xi'an, Bank of Guiyang, and Lanzhou Bank publicly stated that they will apply for establishment Financial subsidiary. Industry insiders said that as the layout of large banks set up wealth management subsidiaries is basically completed, it can be foreseeable that the main force established by bank financial management sub -establishments will be tilted towards regional small and medium -sized banks in the future. As a huge volume and a widely customer group, investors investors, bank wealth management business is also growing rapidly.

With the introduction of regulatory rules such as the new rules of asset management and the "Measures for the Supervision and Administration of Commercial Banks' Wealth Management Business" and "Administrative Measures for Commercial Bank Financial Subsidies", the bank wealth management business has been steadily developed.

As of the end of 2021, the bank's wealth management market scale was 29 trillion yuan, an increase of 12.14%year -on -year, and the growth rate increased by 5.24 percentage points compared with 2020. Among them, the product scale of bank wealth management subsidiaries was 17.2 trillion yuan, and the market share accounted for 59%; bank wealth management; bank wealth management; Product investment assets of 3.19 trillion yuan, of which about 1 trillion yuan of equity assets.

A financial institution in Shanghai stated that, in view of the advantages of bank wealth management in terms of customer resources, sales channels, and flexibility of equity investment, bank wealth management in the capital market's equity investment development potential Based on the accumulation of equity investment and research capabilities, further developing and rapidly developing new impetus into the capital market.

Edit: Captain

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