Be Alert To The Risk Of Medium And Long Term Financial Products

< p > liquidity abundant banks sell "a href=" http://www.91se91.com/news/index_s.asp > financial products < /a > style reversal, 80% financial products for medium and long term.

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< p > fluidity abundant bank sells the wealth management product style reversal, yesterday, in the sale expected annual yield in 6.1% (inclusive) above the bank financial product altogether 28, 80% financial products for the medium and long term, the longest investment deadline goes to 719 days, but the rate of return is only 6.8%.

In the same period last year, sales of bank financial products eight became short term.

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< p > but financial people point out that there are certain risks in buying medium and long term financial products.

The stock market is likely to rebound from a low level in the context of a significant increase in liquidity.

At this stage, it is better to buy short-term financial products and wait for stock market opportunities.

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< p > according to Sina's financial statistics, there are 3 items in the bank's financial products sold on the day before yesterday: 6.6% (or above), including the "192nd phase of the personal special financial products" issued by the Shanghai Pudong Development Bank (192nd days), and the "Xinxi series Huijia 14C056 RMB financial products (365 days)" issued by the package bank, with the highest annual yield expected to be 6.8%.

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< p > reporter statistics found that 6.8% of the long-term financial products of more than 300 days, or even the issuance period of up to 719 days accounted for 7% of the proportion; for a period of 500 days or more accounted for 14% of the proportion; if counted 14% days of 181 days of financial products, more than half a year's long-term financial products accounted for 82%, 91 days of three month financial products accounted for only the proportion of three; about days of financial products also accounted for the prize.

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< p > it is noticeable that the high yield financial products last year were shorter than those with no more than one year's products. This year's high-yield products all take a long-term route.

"Behind this is a huge increase in liquidity, the cost of capital required by banks to decline, and the timing of bank asset allocation is going to be greatly adjusted. After all, there are too many short-term or even short-term financial products."

Chen Minna, financial manager of Minsheng Bank Guangzhou branch, told our reporter.

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< p > < strong > stock market: liquidity increases and future rise is larger than /strong > /p >

< p > but the risk of buying medium and long term < a href= "http://www.91se91.com/news/index_c.asp" > Bank < /a > financial products should not be overlooked.

Its yield is only expected, and the real rate of return is unlikely to keep up with the expected rate of return.

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< p > in addition, liquidity change is not only the reason for the decline of the yield of bank financial products, but also the attractiveness of it.

Yesterday, the Shanghai interbank offered rate (Shibor) fell slowly, with mixed growth: overnight varieties rose 13.65BP (base point) to 2.35% or 1 weeks, the varieties rose 0.1BP to 3.181%, 2 weeks the varieties rose 5.18BP to 3.2498%, January varieties fell 4.3BP to 3.617%, and March varieties fell 3.5BP to 5.3414%.

Other varieties have not changed. Overall, market liquidity is still wide.

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< p > in the open market, the central bank implemented a 120 billion yuan 28 day repo operation last week, accumulatively realizing a net return of 60 billion yuan of funds.

As the end of season and holiday factors have subsided, the market capital side is relatively loose.

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Under the background of "P > liquidity greatly increased, the stock market is likely to rebound from the low point, and the expected return rate of financial products over the next year will be larger than that of 6.8%.

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Last Friday, China's State Council issued the "new country nine" to promote the development of capital market, so that the A stock market, which had been in the doldrums for a long time, had a rare increase in nearly two months on Monday.

Ten years ago, the "nine countries" triggered a huge bull market in China's stock market.

Raising the proportion of direct financing through capital market has become the only way for Chinese enterprises and even economic development in the future.

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"P". "This is a medium and long term good.

First of all, this is a programmatic document, which has a positive effect on the long-term downturn of the stock market, and the gradual implementation of so many policies will also play a positive role in the stock market. "

Liu Jingde, deputy general manager of XinDa securities research and development center, said.

Yesterday, with the promotion of coal, electricity and other resource stocks, Shanghai Composite Index rose 2.08%, closing at 2052.871 points, the biggest single day increase since March 21st.

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< p > < strong > "baby" Legion: at present, the decline of earnings can still be expected in the short term < /strong > /p >

< p > besides, there are many financial products that can be replaced in the short term.

Yesterday, the same day, the interest rate of CAITONG fortune treasure was seven, the annual yield was 4.89%, the yield of Yu Ebao also dropped to 5%, and the yield of the treasurer wallet product of Xingye Bank was 5.63%.

Compared with 6.1%~6.8%'s long-term financial products, the expected yield is not much lower.

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< p > the current "baby" investment return rate dropped from 5.3% a month ago to below 5%, but from the interbank market long-term interest rate change trend, at the end of each quarter, the end of the year or the end of the year, the interest rate of funds will have a more obvious ascension process, which will help the IMF to increase the investment return rate. The higher the proportion of new funds and natural maturity funds, the higher the investment return rate of the IMF will be at the end of June.

By the end of June, a considerable number of products in the "baby" Legion are expected to return to over 5%.

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< p > at present, the benchmark interest rate of bank fixed deposit is six months, 2.80%, 3% in one year, 3.75% in two years, 4.25% in three years, 4.75% in five years.

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< p > < strong > industry analysis: the economy may recover at the end of the two quarter < /strong > < /p >

P > since the global financial crisis, China has experienced six rounds of policy easing, which occurred in November 2008, July 2010, October 2011, May 2012, June 2013 and March 2014.

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< p > some positive effects brought about by the latest round of policy easing have been reflected.

In March, the growth rate of fixed assets investment increased by 3 percentage points, and the amount of fiscal deposits decreased by 484 billion yuan, which reached the highest level in the same period. Goldman Sachs economist Song Yu said: "the overall economy will recover at the latest in the three quarter."

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< p > in this case, if you buy more than half a year's financial products, it may lead to potential loss of revenue.

"At the stage of economic growth, we have cash on hand, and we can do many other real economy's < a href=" http://www.91se91.com/news/index_cj.asp > investment < /a > in order to get better income.

Shen Jianguang, managing director of Mizuho Securities, told reporters yesterday.

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