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Bank financing ushered in the first drop in 2018

Edit: Lisa Source: Rong 360 original Date: 2018-01-05

Summary:

This week, the average yield of bank wealth management products was 4.86%, which ushered in the first drop in 2018, and the circulation also dropped sharply.

 Overview of the bank's wealth management market this week

According to data from 360 monitoring, this week (December 29th - January 4th), a total of 1922 bank wealth management products were issued, a significant decrease of 1095 from the previous week, a decrease of 36.3%. There are two main reasons for the sharp decline in circulation: First, most banks have suspended the sale of wealth management products during the New Year's Day. Second, after the end of the year, the pressure on bank storage has eased and the issuance of wealth management products has been reduced.

The average expected annualized rate of return on bank wealth management products this week was 4.86%, a decrease of 0.06 percentage points from the previous week, ending 16 consecutive gains, and ushered in the first drop in revenue in 2018.

Whether it is from the circulation or the rate of return, it can be seen that the bank has a lot of pressure on the year-end funds. After the assessment node, the pressure on the reserve is relieved, and the circulation and the rate of return are both down.

  First, the difference in income between the various deadlines is small

From the perspective of different deadlines, 685 wealth management products within 3 months of this week, the average expected rate of return is 4.8%, 595 models of 3-6 months wealth management products, the average expected rate of return is 4.88%, 6-12 months of wealth management products 544 models, the average expected rate of return is 4.9%, 76 financial products for more than 12 months, the average expected rate of return is 4.9%.

The circulation and yield of wealth management products of various term periods are declining this week, and the yields of products with different maturities are not much different, within 0.1 percentage points. It is recommended that you choose financial products with different maturities according to your liquidity needs.

  Second, guarantee the income of income management

From the perspective of different types of income, this week, 146 guaranteed wealth management products, the average expected rate of return is 4.33%, 437 fixed-income wealth management products, the average expected rate of return is 4.28%, non-guaranteed floating income wealth management products 1198 The average expected rate of return is 5.14%.

This week's guaranteed floating income and non-guaranteed floating income wealth management products have all declined, but the income from guaranteed wealth management products increased by 0.05 percentage points from last week, and the average income even exceeded the guaranteed floating income wealth management products.

  Third, the city commercial bank, state-owned bank income tied for first

From the perspective of different types of banks, the average expected rate of return of wealth management products of city commercial banks and state-owned banks this week was 5.01%, ranking first, and the average yield of wealth management products of the Postal Savings Bank was 4.76%. The average wealth management products of joint-stock banks and rural credit cooperatives were average. The yield is 4.75%, the average yield of agricultural commercial products is 4.70%, and the average yield of foreign bank wealth management products is 4.17%.

The highest income of city commercial banks is easier to understand. After all, small banks attract investors mainly rely on high returns. However, the profit rate of state-owned banks is more than 5% this week. The reason why the income is so high is mainly because the distribution ratio of the following three types of products is higher. High: First, private banking customers manage money, second, risk level is 3 or above, and third is structured financial management, and these financial management is either too high or uncertain.

The foreign bank's wealth management income is highly volatile, and the wealth management income gap is also very large. Most of the wealth management products are structured financial management, and most of the low-income wealth management products are foreign currency wealth management.

  Fourth, the average yield of 35 banks' financial management exceeds 5%

Note: Banks with less than 5 financial products issued weekly are not included in the ranking.

Rong 360 ranked the revenues of banks with more than 5 product circulations. The data shows that the average yield of 35 banks exceeded 5%, a decrease of 30 from last week, which is very large.

Bank of Communications ranked first with an average expected rate of return of 5.79%. The bank has 14 products with an expected rate of return of more than 6%, but all are structured financial management, high income may not be available; Zheshang Bank and Jiangnan Rural Commercial Bank are ranked second The three companies have average yields of 5.63% and 5.52%, respectively.

Among the top 20 banks in the income category, there are 13 city commercial banks, 4 stock exchanges, 2 rural commercial banks, and 1 state-owned bank.

  V. Market Outlook

After the New Year's Day, the financial tensions have eased, and the bank's assessment pressure has also eased. However, there is still a pass for the Spring Festival. The liquidity of the banking system is still facing a big test. Therefore, it is unlikely that the bank's wealth management rate will continue to fall. In the short term, there may be high fluctuations in the high range.

Which bank's wealth management products have the highest revenue? Concerns: Rong 360 Finance (rong360licai), reply to "Banking Finance" to get the latest real-time list.

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