With the popularization of the concept of investment and financial management, in recent years, Lbx Pharmacy Chain Joint Stock Company(603883) the demand for property income by taking care of financial assets is growing. Combing the performance reports of listed banks in 2021, we can find that the asset scale of individual customers of many listed banks is growing rapidly. At present, wealth management is becoming the business direction of commercial banks.
According to the annual report data, at the end of 2021, the scale of personal financial asset management (AUM) in ICBC reached 16.96 trillion yuan, generating profits of 250 billion yuan for customers; The personal AUM of CCB exceeded 15 trillion yuan, including 22.05 million investment and wealth management customers, an increase of 17% over the end of the previous year China Merchants Bank Co.Ltd(600036) retail AUM exceeded 10 trillion yuan, with an annual increase of more than 20% China Everbright Bank Company Limited Co.Ltd(601818) retail AUM increased by 10.7% over the beginning of the year
“Wealth management transformation is the consensus of many Chinese commercial banks, and it is also the development focus and goal of Chinese commercial banks in recent years.” President Fu Jun said.
For commercial banks, wealth management business has the significant advantages of light assets and high profitability. It is an important stabilizer and smoother of operating performance. Under the accelerated layout, the wealth management income of many commercial banks has increased significantly.
In 2021, China Citic Bank Corporation Limited(601998) big wealth management revenue increased by 56.2% China Merchants Bank Co.Ltd(600036) big wealth management revenue increased by 33.91%, accounting for nearly 16% of net operating revenue Bank Of Communications Co.Ltd(601328) domestic branches’ income from selling personal wealth management products on a commission basis increased by 28.37% year-on-year China Everbright Bank Company Limited Co.Ltd(601818) retail wealth management revenue increased by 23.09% year-on-year.
Based on the channel advantages and customer advantages of commercial banks, financial management business is an important part of the bank’s wealth management business, and it is also one of the areas where Lbx Pharmacy Chain Joint Stock Company(603883) has the most direct and deepest feelings about wealth management business. 2021 is the last year of the transition period of the new regulations on asset management. Commercial banks accelerate the rectification of financial management business, reduce the stock of principal guaranteed products, and actively promote the transformation of net worth.
By the end of 2021, CCB’s net worth products accounted for 92.25%, an increase of 47.71 percentage points over the end of the previous year; The scale of Everbright financial net worth products exceeds 1 trillion yuan, and the net worth rate reaches 94%, constantly promoting the return of bank financial management to the origin of asset management
The bank’s emphasis on wealth management business, especially financial management business, is benefiting more “money bags” of Lbx Pharmacy Chain Joint Stock Company(603883) . The annual report of Bank Of China Limited(601988) financial management market (2021) shows that in 2021, financial products have created nearly 1 trillion yuan of income for investors. Among them, the cumulative income created by financial companies for investors increased by 4.22 times year-on-year.
In addition, 2021 is also the “first year” of pension finance. In December, ICBC financial management, CCB financial management, China Merchants Bank financial management and Everbright financial management issued the first batch of pension financial management pilot products and carried out cross cycle investment through a five-year closed period to better meet Lbx Pharmacy Chain Joint Stock Company(603883) diversified financial management needs.
This year, in the face of the fluctuations in the financial market in the first quarter, commercial banks have begun to take measures to protect the interests of investors.
Industrial And Commercial Bank Of China Limited(601398) vice president Zheng Guoyu said that ICBC will actively grasp the dividend of China’s long-term economic development, strengthen market analysis and judgment, improve the allocation capacity of large categories of assets, give play to the “ballast” role of fixed income assets, balance the relationship between risk and income, and strive to obtain long-term and stable returns for our customers. At the same time, we will do a good job in the appropriateness management of financial products, fully reveal product risks, ensure compliance sales, and effectively safeguard the legitimate rights and interests of customers.
China Construction Bank Corporation(601939) vice president Ji Zhihong said that CCB will give further play to the comprehensive operation advantages of more than 10 asset management companies such as wealth management, fund and trust, strengthen the integration and coordination of the group’s asset management functions, open up the value chain of wealth management, asset management and investment banking, provide customers with richer and more competitive comprehensive investment and financing services, and strive to build big asset management into a new business pillar for CCB’s transformation and development.
