Regulatory policies and market highlights: on March 5, Bank Of Shanghai Co.Ltd(601229) financial management subsidiary Shanghai Bank financial management was approved to open; In March, affected by the fluctuation of the stock and bond market, the bank’s financial management suffered a large-scale net breach. Under this background, many financial management subsidiaries used their own funds to purchase their financial products for the first time, with a self purchase amount of 2.85 billion yuan; The reform of trust business classification was restarted, and the financing trust has not been clearly classified yet.
Overview of bank financial management market: 3253 non breakeven financial products were issued in March, with a year-on-year decrease of 37.7% and a month on month increase of 58.14%. Among the non breakeven financial products issued in March, 3075 net worth financial products were issued, accounting for 94.53%. In terms of rate of return, we have counted the average performance benchmark of net worth products. The average performance benchmark values of March, 1-3 months, 3-6 months, 6-12 months, 1-3 years and more than 3 years are 3.85%, 3.94%, 4.08%, 4.52% and 4.72% respectively. By product type, in March, the benchmark average performance of net worth financial products were 4.15% for fixed income, 4.94% for mixed income and 5.2% for equity.
Financial subsidiary products: by the end of March 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 March, the financial subsidiary issued 908 financial products, including 847 fixed income products, 50 mixed products, 11 equity products and 8 new equity products in March, all of which were private equity products.
Product investment innovation tracking: in 2022, Ping An financial management and China Merchants Bank financial management launched new ESG themed products, namely Ping An financial management – Zhixiang ESG daily open mixed RMB net worth financial products and China Merchants Bank financial management Zhaozhi hongruiduo asset fof (ESG) 360 day holding mixed financial management plan. The two newly issued ESG themed financial products are mixed, and the risk level is level 3 (medium).
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.
