Financial Products Accounted For More Than Half To Accelerate The Pace Of Net Worth Pformation

In the first half of 2016, the overall yield of Chinese funded issuers showed a relatively stable performance. Except for products with a term of less than 1 months, the difference in product yields between the other periods was relatively small.

Between 3.7% and 4.5%.

Compared with Chinese banks, the yield gap of foreign banks in different periods is larger than that of foreign banks. However, due to the less structured, closed ended expected revenue products of foreign banks, the overall rate of return may be affected by the pricing of single product.

According to data from Puyi standard, 402 banks issued 54140 models in the first half of 2016.

Among them, 3 months less than 462 financial products, accounting for 0.85%; 1 to 3 months, 27529 financial products, accounting for 50.85%; 3 to 6 months of financial products 16157, accounting for 29.84%; 29.84% to 16157 months of financial products, the proportion of money;

From the perspective of issuers, urban commercial banks as a whole

The proportion continued to expand, with a circulation of 18744 yuan in the first half of the year, accounting for a continuous increase of 42%. The rural financial institutions also showed a strong upward trend, accounting for an overall increase of 11% compared with the same period last year.

The analysis shows that this has a great relationship with the acceleration of net value pformation of national banks, and a significant reduction in the issuance of closed expected revenue products. However, it is undeniable that the financial services of urban commercial banks and rural financial institutions have made considerable progress in recent years.

In fact, in the first half of 2016, the rapid development of the bank financial market, different types of banks did show different directions of development.

Large banks show a clear "control scale" and "control income" attitude towards the closed expected revenue products. The scale growth of such products has slowed down obviously, instead of speeding up the pace of net value pformation. Even if it is difficult to complete the net value pformation quickly, it will also give priority to the pformation of open and expected revenue products.

"Relatively low degree of development of small and medium-sized banks, the rapid expansion of market share has become its primary goal. Most small and medium-sized banks continued to maintain rapid development in the first half of 2016, and some banks' financial balances doubled over the same period last year, showing the strong potential for development and enthusiasm for development of small and medium banks."

Wei Jiyao said.

"Generally speaking," increasing the price and reducing the amount of money ", also means that there is still a strong market demand for bank financing in the first half of the year.

Yan Zi Jie, an analyst with silver rate network, said in an interview with reporters.

There are also structural products that deserve attention.

Judging from the overall performance of structural products in the first half of 2016, there are differences in the design of structured products between Chinese banks and foreign banks.

The structural products of Chinese banks are generally characterized by low yields and small fluctuations, but there will not be any loss, such as a minimum yield of 2.6% and a maximum of 3.7%.

If you observe the product description, you can see that most products will invest the principal in fixed income assets so as to ensure that the principal will not be damaged, and only invest the proceeds from fixed income assets to the relevant derivatives market.

Such a design can significantly reduce the risk of excessive volatility, but at the same time, it also reduces the difference between such products and ordinary expected revenue products, and homogenization is more obvious.

However, in the product design of foreign banks, the proportion of investment in derivatives is substantially increased, so the possibility of loss of their products increases, but the upper limit of their return is also higher, which fully reflects the logic of high risk and high return.