The banking wealth management registration and custody center issued the annual report of Bank Of China Limited(601988) financial management market (2021). The scale of financial management market continues to grow, and the degree of net worth continues to improve. The financial management market has shown a pattern dominated by financial management companies and supplemented by banking institutions. The investment scale of multi-layer financial products and non benchmark assets continued to decline significantly, accounting for a significant decline in the proportion of inter-bank financial assets. Asset allocation of wealth management companies: fixed income products are mainly bond assets, and the proportion of equity assets has increased. With the end of the transition period approaching, the proportion of cash management financial products is expected to decline this year. The bank financial management supervision system has been formed and the central data exchange platform of financial products has been launched
Management policies and market highlights: on January 9, Shanghai Pudong Development Bank Co.Ltd(600000) financial management subsidiary Puyin financial management was officially approved to open; On January 26, Schroder Bank of communications Financial Management Co., Ltd. was approved to open. On February 25, the CBRC issued the notice on expanding the pilot scope of pension financial products, which made it clear that from March 1, the pilot scope of pension financial products will be expanded from "four places and four institutions" to "ten places and ten institutions".
Overview of bank financial management market: in January and February, 2865 and 2057 non breakeven financial products were issued respectively, with a year-on-year decrease of 39.1% and 44.3%, and a month on month decrease of 24.5% and 28.2%. Among the non breakeven financial products issued in January and February, 2663 net worth financial products were issued, accounting for 92.9% and 93.9% respectively. In terms of rate of return, we have counted the average performance comparison benchmark of net worth products. The average performance comparison benchmark of January, 1-3 months, 3-6 months, 6-12 months, 1-3 years and more than 3 years are 3.79%, 3.96%, 4.07%, 4.54% and 4.52% respectively; In February, the average performance benchmark values of 1-3 months, 3-6 months, 6-12 months, 1-3 years and more than 3 years were 3.82%, 3.94%, 4.05%, 4.54% and 4.77% respectively.
Financial subsidiary products: by the end of February 2022, excluding the old products transferred from the parent bank to the financial subsidiary, the number of new products issued by the financial subsidiary was counted. In January and February, the financial subsidiary issued 672 and 429 financial products, and in two months, a total of 8 equity products were issued, of which 2 were public equity products, For Everbright finance, sunshine red new energy theme and China Merchants Bank Finance, Zhaozhuo specializes in special new equity financial management plans.
Product investment and innovation tracking: from January to February 2022, the bank's financial management subsidiary issued three pension financial products, namely CCB financial security fixed income pension financial products with monthly fixed opening (minimum holding for 5 years), Yixiang sunshine pension financial products orange 2028 and ICBC financial · Yixiang Antai fixed income closed net value pension financial products.
Risk warning: the data contained in this report is incomplete market statistics, which is intended to reflect the market trend rather than accurate quantity. Any suggestions, opinions and speculation contained only reflect the judgment of the company on the date of this report.
