The bank's wealth management subsidiary accumulates power to distribute a shares; The rectification of cash management financial products was accelerated

Analysis of Yi Guan ：《 Digital economy panorama white paper 》 It condenses the accumulation of experience and data of Analysys analysis for various industries of digital economy , Combined with the actual business and future challenges of enterprises in the digital age , And the innovation and breakthrough of digital technology , Finally, start with the general trend of digital economy development and cases in various fields , Help enterprises clarify the industry positioning and business development direction under the digital wave .

《 Digital economy panorama white paper 》 Continue to pay attention to the field of digital Finance , Special opening 《 Yi Zhou financial analysis 》 The column .《 Yi Zhou financial analysis 》 Compile the hot events in the financial field this week , And invite Analysys financial industry analysts to exclusively interpret and analyze the event .

Quick view of financial analysis of Yizhou

• 21 The bank's financial management subsidiary has a power storage layout A stocks
• Make good use of special bonds to supplement the capital of small and medium-sized banks
• The rectification of cash management financial products has accelerated
• personal witness 1000 Trading of stock index futures and options was approved
• The user experience center of Analysys Qianfan bank was established

01

《 Securities daily 》 According to Oriental Fortune Choice Data statistics , Year to date 7 month 17 Japan ,21 The financial management subsidiaries of banks conducted a total survey A The frequency of listed companies is as high as 1507 Home time , Compared to the same period last year 52 The number of households increased sharply year on year 28 times . But at present, the overall impact of bank financial products on stocks 、 The allocation proportion of public funds is not high .

Analysis of Yi Guan ： Bank financing “ With low ” Equity assets , On the one hand, the customer risk tolerance of bank financial products is not high , Low risk 、 Low risk fixed income products are more popular in the market ; On the other hand , The volatility brought about by the macro environment will also make customer preferences more conservative , In the first half of the year, the deposit added value hit a new high, which reflects this trend . The overall look , Customer preferences and market demand will have an impact on the asset allocation of bank financial management .

—— Su Xiaorui, senior analyst of Analysys financial industry

02

The head of the relevant department of the China Banking and Insurance Regulatory Commission said recently , The CPC Central Committee 、 The State Council attaches great importance to the risk prevention of small and medium-sized banks , Take multiple measures to enhance capital strength and risk resistance . since this year on , The China Banking and Insurance Regulatory Commission will actively work with the Ministry of finance 、 The people's Bank of China has accelerated the promotion of local governments to issue special bonds to supplement the capital of small and medium-sized banks .

Analysis of Yi Guan ： Whether large banks or small and medium-sized banks , Its management quality is closely linked to macroeconomic development . since this year on , Many places in China are affected by the epidemic , The speed of economic development has declined , This will affect the operation of the banking industry . The quality of bank assets is under pressure , secondary 、 The rate of doubtful and loss loans and other lagging indicators will rise , Industry wide data may decline .

From the perspective of risk prevention , Banks need to cope with the decline of business indicators in advance . Especially the small scale 、 Local small and medium-sized banks with weak anti risk ability , Its options for loan delivery are limited , The pressure of business risks caused by the economic downturn is more concentrated . This requires small and medium-sized banks to replenish capital in advance , Improve the core tier one capital adequacy ratio 、 Primary capital adequacy ratio and other indicators , Ensure that the regulatory requirements can be met when future risks come .

—— Xia Yu, senior analyst of Analysys financial industry

03

It has been less than half a year since the completion of the rectification of cash management financial products , Some banks have accelerated the pace of rectification . The interface reporter noticed , Recently, Industrial Bank 、 China Merchants Bank issued an announcement , The redemption rules of several cash management financial products have been adjusted .

Analysis of Yi Guan ： At present, the rectification of cash management financial products faces several problems ： First, how to explain to customers , Protect the relevant rights and interests of customers ; The second is how to design alternative products to meet customer needs , Reduce the loss of customers caused by rectification ; Third, the rectification will affect the income of relevant products , How to expand other types of income to make up .

“T+0” Change to “T+1” And the adjustment of the rapid redemption amount , The main consideration behind this is liquidity management , Prevent possible liquidity risks caused by the broad rules of rapid redemption amount , In fact, this adjustment has been applied in yu'e Bao and other monetary funds in the past .

For banks, it can facilitate liquidity related risk management, but they may face the loss of customers , For investors, they need to make investment allocation and adjustment according to their own liquidity needs , If there is a large amount of capital demand , At least... In advance 1 Plan in days .

After adjustment, cash management products still have a lot of market demand , The main reasons include ： First, the good performance of some cash products has enhanced investors' willingness to continue to buy and hold , Second, investors have not found other more suitable substitutes for the time being , Third, some banks have also increased the marketing of such products to obtain customers .

—— Su Xiaorui, senior analyst of Analysys financial industry

04

The China Securities Regulatory Commission recently approved the China Financial Futures Exchange to carry out China Securities 1000 Stock index futures and Options Trading , The relevant contract is officially listed for trading at 2022 year 7 month 22 Japan .7 month 21 Japan , CICC issued China Securities 1000 The benchmark price of the first batch of listed contracts of stock index futures and stock index options .

Analysis of Yi Guan ： Derivatives have the function of risk management since they came into being , futures 、 The introduction of financial derivatives such as options is also related to the demand for hedging . personal witness 1000 Introduction of stock index futures and Options Trading , On the one hand, it complements the differences of current financial derivatives , Further meet the needs of investors for risk management ; On the other hand , In enriching investment strategies 、 Attract diversified investors 、 Promote the development of derivatives market , It will also have a positive effect . Besides , personal witness 1000 As a representative index of small cap growth style , The launch of relevant stock index futures and options trading may enhance the China Securities 1000 The investment attraction of the index .

05

Analysys analysis united with Analysys Qianfan UEA Jointly initiated the establishment of the user experience center of Analysys Qianfan bank , Professional evaluation focusing on user experience in the banking field . Based on Qianfan of Analysys UEA Evaluation model , Rely on Analysys 20 Years of research experience 、 Analysys Qianfan big data support , Adhering to the core of user experience , Analysys Qianfan bank user experience center starts with methods , Focus on the improvement of user experience in the industry .

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