Since the establishment of bank financial management company, its every move in the equity market has attracted much attention. A number of financial companies recently disclosed the operation of equity financial products in the fourth quarter of 2021. As of the end of 2021, the income of equity products managed by financial companies was different. According to the investment report of three equity products disclosed by Everbright financial in the fourth quarter of 2021, by the end of the fourth quarter of 2021, the net value of “sunshine red health and safety theme selection” established on May 26, 2020 was 0.8921; The growth rate of net worth during the reporting period was – 9.87%, and the growth rate of net worth during the duration was – 10.79%; The net value of “sunshine red 300 bonus enhancement” established on July 24, 2020 was 0.9412, the net value growth rate during the reporting period was – 4.39%, and the net value growth rate during the duration was – 5.88%. According to the investment report of December 2021 disclosed by Huaxia wealth management equity investment department, as of the end of December 2021, the latest net value of “longying equity section g No. 1 (3-month fixed fof)” established on August 30, 2019 was 1.5713; The latest net value of “Huaxia wealth management equity innovation No. 1” established on March 24, 2021 is 1.0502; The latest net value of “360 days of equity renewal cycle” established on June 24, 2021 is 1.0327. According to the data disclosed by ningyin financial management, the “ningyao all star fof1 product” under its management was established on April 23, 2021, with an annualized yield of 2.89% since its establishment.
Investment and research capacity still needs to be strengthened. According to the data of China financial network, up to now, there are 19 equity financial products issued by bank financial companies. Among them, there are 5 Everbright financial management, 3 CMB financial management, Huaxia financial management and ningyin financial management, 2 Xinyin financial management and BlackRock Jianxin financial management, and 1 ICBC financial management. Experts said that at present, the exploration of bank financial management on the equity market is mainly based on the investment of equity assets in fixed income and mixed products. According to the report released by Puyi standard recently, from the performance of nearly one year, the overall performance of fixed income products, whether financial companies or non financial companies, is much higher than that of hybrid products, which means that the investment ability of equity assets is still its weakness to a certain extent. After all, the investment ability of equity assets can not be developed overnight, It is necessary for issuing institutions to continuously increase investment and build a “top-down” and “bottom-up” investment and research framework. (China Securities Journal)
The list of the second batch of pilot banks of “cross border financial link” in Guangdong, Hong Kong and Macao Dawan district was announced. 14 banks including China Everbright Bank Company Limited Co.Ltd(601818) Guangzhou Branch, overseas Chinese Yongheng Bank (China) Zhuhai branch, Daxin Bank (China) Guangzhou Branch, Bank Of Shanghai Co.Ltd(601229) Shenzhen Branch, Xiamen International Bank Zhuhai branch and Chong Hing Bank were shortlisted. At present, the pilot banks of “cross-border financial link” in the mainland have been expanded to 27 and the number of banks in Hong Kong has increased to 24. As the first batch of urban commercial banks, Xiamen International Bank has become a pilot bank. According to the data of Guangzhou Branch of the people’s Bank of China, as of January 27, 2022, the “cross-border financial link” had a net inflow of 214 million yuan to the north and a net outflow of 144 million yuan to the south.
Dong ximiao, chief researcher of Zhaolian finance and part-time researcher of the Financial Research Institute of Fudan University, said that more banks have obtained the qualification of cross-border wealth management business in Guangdong, Hong Kong and Macao Bay area, which will help relevant banks expand the cross-border wealth management business in Guangdong, Hong Kong and Macao Bay area and provide high-quality services for individual investors in Guangdong, Hong Kong and Macao Bay area. “From the perspective of Nantong, some mainland investors have a strong willingness to participate in cross-border investment, which means a new business line for Nantong mainland pilot banks.”.
The relevant person in charge of Guangdong Branch said that at present, beixiangtong financial products account for more than 80% of the sales of the bank’s “cross-border financial link” products. “Hong Kong and Macao investors are optimistic about the development of RMB in terms of purchasing power, real interest rate and exchange rate prospects.” Min Cheng, director of investment products and investment advisers of China wealth management department of Standard Chartered, said that from the perspective of Standard Chartered, the total number of accounts opened by Nantong is higher than that of beixiangtong, but the single amount of Nantong is much lower than that of beixiangtong and is scattered in deposits and funds; The average single remittance amount of beixiangtong is higher, and the amount of fund purchased by beixiangtong is higher than that of nanxiangtong. (Shanghai Securities News)
Recently, the central data exchange platform of financial products was put into operation, which will further support market institutions to expand sales channels in batches. Industry insiders believe that with the progress made in the infrastructure construction of the financial market, the construction of follow-up financial consignment channels is expected to speed up. At present, it is very common for banks to sell the products of other banks’ financial companies on a commission basis. The income from selling financial products on a commission basis has gradually become an important part of increasing the income of bank intermediary business. Jin Qi, Secretary of the Party committee and President of BOCOM wealth management, introduced that bocom wealth management has established the channel work plan of “focusing on the parent bank’s sales on a commission basis and promoting the sales on a commission basis and direct sales of other banks” since its inception. By the end of 2021, the sales scale of other banks of BOCOM wealth management had exceeded 400 billion yuan, serving more wealth management customers with a more open sales layout. Yuan Zhihong, President of Huaxia financial management, said that the company attaches great importance to the consignment business of non bank institutions, and 22 consignment institutions have been launched so far.
Up to now, BOCOM wealth management and Sanxiang bank have been launched together with the central data exchange platform as the first batch of customers; Huaxia financial management and Baixin bank have completed joint commissioning and testing; Bank Of Suzhou Co.Ltd(002966) , Nanyin financial management and other institutions have entered the stage of joint commissioning and testing; ICBC financial management, Agricultural Bank of China financial management, Bank of China financial management, CCB financial management, China Post Financial Management, Bank of Nanjing financial management, Bank of Hangzhou financial management and other financial management companies are actively promoting system development and testing; 27 financial management companies and other market institutions signed a memorandum of cooperation with the financial management registration center.
The consignment business of small and medium-sized banks was broken. Up to now, 29 bank financial management companies have been approved for preparation and construction, and 23 financial management companies have been approved for operation. Among them, there are 8 small and medium-sized bank financial management companies that have opened or approved to be established, covering 7 urban commercial banks and 1 rural commercial bank. In addition, Bank Of Beijing Co.Ltd(601169) , Bank Of Xi’An Co.Ltd(600928) and Bank Of Guiyang Co.Ltd(601997) have announced that they have applied for the establishment of a wealth management company. Insiders believe that for small and medium-sized banks, consignment business may become a new direction. (China Securities Journal)
