On March 11, Bank Of Communications Co.Ltd(601328) released the report of BOCOM China wealth prosperity index (issue 68 of the total issue) in Shanghai. Since January 2022, affected by the repeated impact of the epidemic, the sluggish real estate investment, the decline of export growth and other factors, the demand has continued to slow down. At the same time, January and February are also the off-season of industrial production. However, the strong performance of financial data in January and the month on month recovery of PMI in February showed positive signs of economic operation. During this period, China’s stock market fluctuated downward, the yield of 10-year Treasury bonds first fell and then rose, the prices of crude oil and other commodities rose sharply, and the property market remained depressed. The wealth prosperity index of well-off families in this period fell by 2 percentage points to 117 points compared with the previous period. Among them, the economic prosperity index decreased by 1 percentage point compared with the previous period, the income growth index decreased by 2 percentage points compared with the previous period, and the investment intention index decreased by 3 percentage points.
In terms of current asset investment, from the perspective of holding rate, bank financial products, stocks and monetary funds are the top three investment categories of holding rate of well-off families. In terms of investment amount, bank financial products and stocks still rank in the top two. The volatility of the stock market has affected the investment confidence of investors, which is reflected in the fact that the current asset investment intention index fell by 2 percentage points compared with the previous period. Investors mainly invest in hot industries such as new energy and medicine. Investors’ willingness to invest in precious metals increased slightly, which is related to the rise in global commodity and precious metal prices caused by geopolitical conflicts.
In terms of real estate investment, the real estate price in the first tier cities decreased slightly (the sales price of new commercial houses decreased by 0.1% from the same month last month, and the sales price of second-hand houses increased by 0.1% from the previous month). The decline in real estate prices in the second and third tier cities continued to expand, and the real estate investment boom was depressed. Reflected in the current period, the real estate investment willingness of well-off families decreased by 5 percentage points compared with the previous period. The expected real estate investment willingness index of well-off families in this period decreased by 4 percentage points compared with the previous period. (Sina Finance)
After the pilot cities and institutions of pension financial products expanded to “ten places and ten institutions”, many bank financial subsidiaries have responded positively in less than half a month. The pension financial products issued by ICBC financial management were sold in 10 pilot cities on March 11. On March 9, the pension financial products issued by Everbright financial management have been sold in 10 pilot cities. When the reporter of Securities Daily consulted the customer managers of different branches of China Everbright Bank Company Limited Co.Ltd(601818) Beijing Branch on pension financial products as an investor, the other party said, “March 9 is the first day of the sale of pension financial products. The sales situation is relatively good, attracting many investors to buy.”
After the “notice” was issued, it immediately received a positive response from the bank’s financial management subsidiary. The reporter of Securities Daily learned from China Everbright Bank Company Limited Co.Ltd(601818) that Everbright financial management, its financial management subsidiary, is ready to carry out the pilot work of pension financial management in “ten cities” on March 9. On the morning of March 9, the reporter of securities daily visited several branches of China Everbright Bank Company Limited Co.Ltd(601818) Beijing branch to learn about the first day sale of pension financial products. The reporter learned that once the pension financial products were launched, they were welcomed by local investors, and some business outlets even sold out in half a day in the morning China Everbright Bank Company Limited Co.Ltd(601818) the customer manager of a branch in Beijing told reporters that the sales of pension financial products were relatively good, which attracted many investors to buy. “Today is the first day of sale. The total fund-raising scale of Beijing Branch is 800 million yuan. As of more than 3 p.m., there is only 400 million yuan left.” China Everbright Bank Company Limited Co.Ltd(601818) another branch network staff also said that many customers came to buy before the first day of issuance and sold out in the morning. At present, there is no quota, and the quota may be increased in a few days. Once the total amount is sold out, the raising will be settled in advance.
When the reporter of Securities Daily called other pilot bank outlets, the relevant customer managers also agreed with the hot sales of pension financial products. A staff member of Everbright financial told reporters that from the market feedback, many customers with purchase intention can not buy pension financial products, which is a pity. Because the pilot group of pension products will be affected by registered residence policy, many non resident residents who live in cities or cities in the city for years will not be able to purchase related products without relevant factors such as local identity cards. (Securities Daily)
