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Bond Products Are Popular Lately.

2011/8/18 14:16:00 41

Short term financial products have been popular this year, and many banks are willing to raise their customers in order to attract customers.

Profit

Competition.

In order to avoid vicious competition between banks, recently, regulators have released control over the wind, and the ultra short term products within 7 days will be banned from sale.

It is understood that at present, commercial banks in this city have not received relevant notices.

From the statistics of Puyi wealth data, this year, the bank has issued up to 4175 financial products under one month, and the short-term financial products are still the main products of banks. Once the super short-term financial management is halted, the market of bank financial products will be reshuffled again.

Since the end of June, influenced by many factors, the earnings of bank financial products have all declined. In addition, the issuance of ultra short term financial pactions is often restricted by banks. The financial products of bonds have their own characteristics. Since the beginning of July, they have become the most popular financial products in recent years, no matter from the amount of circulation to the performance of earnings.

Ultra short term financial management or being stopped

The bank insiders told reporters that through high yield

Short-term

Product deposits are common phenomena in the industry.

According to the person explained, according to the accounting system, the financing of bank financing products is not under the deposit account, but after the maturity of bank financial products, it usually takes one or two days to return to the depositors' accounts, and often stay on the account for a period of time. At that time, these funds are attributable to deposits.

Banks often use this time lag to release some ultra short term products at the end of the month, attract customers to buy with high returns, and smoothly increase the loan to deposit ratio at the end of the month.

However, a number of bank officials said that from the current situation, the possibility of "one size fits all" is not big.

First, the earnings of recent financial products have declined and the circulation has also been reduced. Two, from a regulatory point of view, the investment of financial assets will be more important than the control of investment duration.

bond

Products like "meat and potatoes"

Data show that last week, portfolio investment accounted for 66.45% of the total circulation, and there was no issuance of equity products such as notes and equity investments.

According to the analysis of the insiders, the CBRC halted the issuance of 6 types of illegal financial products, to a certain extent, restricted and regulated the types of issuing banks' financial products, and had a greater impact on equity investment financial products. Banks could no longer invest in other banks' property, which made the issuance of portfolio investment products increased.

In fact, banks have been selling bond money market products for some time.

For weeks, bond products accounted for more than half of the market share.

According to Pui Yi's latest "second quarter 2011 bank financial ability ranking report", the 2760 quarter of the second quarter of the year's bond currency market products accounted for 53.99% of all products in the second quarter.

The top 10 banks are listed as bond money market products and portfolio investment products including bond money market classes.

Raising interest rates to boost bond products

According to statistics of Puyi wealth up to August 8th, the expected rate of return of the larger bank bond and monetary financial products since July has not fallen as expected. In addition to the expected rate of return of products with a period of less than 1 months, the expected yield of all kinds of financial products over the past 1 months has increased.

According to statistics, in July, a total of 42 banks issued 677 RMB bond products, without dividing the deadline. The average expected rate of return was 4.60%, up 0.10% from June.

In addition to the expected yield of RMB bond products below 1 months, the expected yield is down by 0.20%. The expected yield of RMB bond products for the rest of the period has risen, rising by more than 0.26%.

Regarding the future performance of bond products, the expert analysis shows that the interest rate of money market has dropped down in the middle and late 6 months, but it has remained at a high level. In July 7th, the central bank raised the deposit and lending interest rate by 50 basis points for the third time in the year. Under this influence, the expected yield of money market financial products in the 1 months (inclusive) rose generally.