December Banking Market Overview
According to data from 360 monitoring, in December 2017, the total number of bank financing products issued was 13,880, an increase of 60 from November and the second highest for the year. The average annualized rate of return was 4.84%, up from November 0.16 percentage points, not only setting a new high in the year, but also hit the highest level since August 2015.
First, the December circulation is the second highest in 2017
In December, the bank issued a total of 13,880 wealth management products, up slightly from the previous month's 60 models, with little change. In fact, the capital level in December was more important than in November. Banks issued more efforts in the first half of the second half New Year holidays affect circulation slightly reduced. The monthly circulation was the second highest in 2017, down from 14,584 in June. We can see the end of the year and the end of 2017 when the bank funds are the most tense, banks will issue a large number of financial products to attract funds.
Comparing the two years of 2016 and 2017, the circulation of wealth management products generally shows a gradual increase. It is easy to understand that the scale of wealth of ordinary people is constantly expanding and the awareness of financial management is constantly increasing. After the deposit interest rate has dropped to its lowest level in history, many people have moved their deposits to financial management.
Second, the yield hit a 29-month high in December. The gain in 2017 was stronger than the decline in 2016
December average annual rate of return of bank financial products is 4.84%, an increase of 0.16 percentage points from November, meanwhile setting a new high of 26 months since July 2015. The effect of the end of the year is still quite obvious. The full-year gain A total of 0.84 percentage points. December earnings increase is also the second highest in 2017, up 0.2 percentage points in June, and the circulation of the same status, we can see the most stressful period of the year is June, followed by December, of which the first half of the liquidity than The second half of the tight, so financial revenue is also a greater increase in the first half.
The current round of bank financial revenue rise from the end of 2016, after the decline since the beginning of 2014 for three consecutive years. From the trend of bank financial revenue in 2017, the rally is stronger than the decline in 2016.
Third, non-guaranteed capital management revenue exceeded 5%
From different types of wealth management products, in December, 1159 wealth management products of guaranteed yield were guaranteed with an average expected rate of return of 4.28% and 2,811 floating income wealth management products with an average expected rate of return of 4.30%. Non-guaranteed floating income wealth management Product 8801 models, the average expected rate of return of 5.08%, in addition to 1109 products undisclosed earnings types.
Guaranteed income and capital preservation floating income wealth management products income gap is not large, the risk between the two products is almost no difference. Non-guaranteed financial products accounted for nearly 70% of circulation, yielding much higher than guaranteed capital, non-guaranteed financial income in December the first time in nearly two years exceeded 5%.
Fourth, the rate of return on US dollar financial services increased significantly
From the perspective of different currency wealth management products, December 13653 RMB wealth management products with an average expected rate of return of 4.89% and 186 U.S. dollar wealth management products with an average expected rate of return of 2.1% and 18 AUD wealth management products with an average expected rate of return of 2.07%, 11 Hong Kong dollar wealth management products, the average expected rate of return of 1.16%, 10 pounds of financial products, the average expected rate of return of 0.47%, 2 euro financial products, the average expected rate of return of 0.45%.
The yield on US dollar wealth management products increased significantly in 2017, still between 1.5% and 1.8% at the beginning of the year, and has risen to above 2% by the end of the year. The yield of foreign currency financial products has little to do with exchange rate fluctuations. It is mainly determined by the interest rate level of the host country. In 2017, the Federal Reserve raised interest rates three times and the interest rate of the United States rose. As a result, the yield of dollar wealth management products increased accordingly.
Fifth, the highest average rate of return of foreign banks
Judging from the different types of banks, the average expected rate of return of financial products for foreign banks in December was 5.06%, the highest among all types of banks. The average expected rate of return for city commercial banks was 4.92%, ranking second. The average expected rate of return for joint-stock banks was 4.90%, the average expected rate of return of state-owned banks was 4.86%, the average expected rate of return of rural commercial banks was 4.67%, the average expected rate of return of rural credit cooperatives and RCCs was 4.61%, and the average expected rate of return of postal savings banks was 4.27% Bottom position.
The average earnings of foreign-funded banks fluctuate greatly because the total amount of issuance is small and there are few samples. If the proportion of structured or medium-high-risk wealth management products is higher, the average yield will be higher. If the proportion of foreign-currency wealth management issuance is higher, The average yield will be low.
On the whole, the yield of wealth management products by foreign-funded banks is not high. The yields of urban commercial banks and share-holding wealth management products are the highest among all kinds of banks.
Sixth, 316 wealth management products did not meet the expected maximum yield
In December, a total of 13230 financial products expired, of which 6272 disclosed the yield to maturity, a total of 316 failed to meet the expected maximum yield, of which 219 were non-structural financial management, structural financial management 97, although non-structured financial management The amount of product that reaches the expected return is greater, but due to the high volume of circulation, the percentage is very small.
Non-structured wealth management products in December non-compliance ratio was 3.72%, structured financial products yield non-compliance ratio of 25.46%. The higher the expected maximum return on a structured wealth management product, the greater the probability of not reaching it.
The average yield-to-maturity of non-structured wealth management was 4.42% in December, while the average yield-to-maturity of structured wealth management was 3.90%. As a whole, the real rate of return on non-structured wealth management was even higher.
Into January, the market short-term liquidity has been eased, the pressure of bank assessment will be mitigated, the pressure of Lancun in January is not large, the bank's financial management rate of return continued to rise lack of power, from the first week of January decline in financial revenue can also be seen come out. However, liquidity in the market as a whole remains tight before the Spring Festival and will be mainly in the midst of tightness in 2018. As a result, the yield of bank financial management is expected to continue to rise after a brief correction, exceeding 5% during the year is not a big issue. However, the upward trend in 2018 Should be weaker than 2017.
Which bank's financial products yield the highest? Concerned: Financial 360 Financial Secretary (rong360licai), reply "Bank Finance" for the latest real-time list.