The reason for the decline is that, first of all, under the overall wealth management and capital management pattern, Internet financial management will decline; secondly, strict supervision, especially on some of the less formal financial management platforms of P2P. Yin Jianfeng said.
Yin Jianfeng believes that in the long run, stricter supervision is conducive to the healthy and standardized development of Internet financial management, and promotes the return of Internet financial management to its origin. But at the same time, he also said that the Internet and the future of Internet financial management is the trend of development.
According to the Internet Finance Index Report 2018 issued by Tencent Finance, Tencent Financial Science and Technology think tank and National Finance and Development Laboratory (hereinafter referred to as Report), the Internet Finance Index dropped to 563 points in 2018, compared with 695 points in 2017, a decline of 23.45%.
At the same time, the total growth rate of wealth management market in 2018 was much lower than in previous years, from 130 trillion in 2017 to 132 trillion. Specifically, trust, brokerage management and fund account declined by 2 trillion, 1.2 trillion and 2.7 trillion respectively; public funds, private funds and insurance rose by 1.5 trillion, 0.7 trillion and 2.4 trillion respectively; bank financing remained flat.
According to the analysis of the report, under this round of strong supervision, the development of Internet financial market has been impacted to a certain extent, such as the sharp decline of P2P trusteeship in typical cases. Due to the rising regulatory costs, poorly managed Internet financial platforms have been forced to withdraw from the market, the number of Internet financial platforms and the growth rate of Internet financial scale have declined, and the Internet financial index has declined.
In addition to the financial management of the Internet platform, banks, securities firms, insurance and other institutions are also promoting Internet financial management. According to the report, the total scale of Internet financing increased from 215.2 billion yuan in 2013 to 315 trillion yuan in 2017, an increase of nearly 15 times.
Take Tencent Finance Communications, which was born five years ago, as an example. Since the launch of Wechat Wallet in January 2014, as of the third quarter of 2018, Tencent Finance Communications funds have exceeded 500 billion yuan, and the total number of users of the platform has exceeded 150 million yuan. Finance Tong has established long-term cooperation with more than 40 fund companies, 32 trust companies and more than 30 insurance companies.
Yan Min, vice president of Tencent Finance Technology and head of Tencent Finance Platform, said on the same day that in the past year, Tencent Finance Tong and a number of financial institutions cooperated to launch a variety of products, including pension funds, net value insurance financing, short-term bond funds, and so on. At present, the number of products on the platform has reached nearly 600.
Yan Min believes that it is a more appropriate method to invest reasonably, exchange time for compound interest, adopt a cross-regional and multi-asset allocation scheme to reduce short-term market fluctuations, and take the long-term return of various assets as the main investment and financial objectives.
Yin Jianfeng believes that with the end of the downward trend of global interest rates, large categories of assets will fluctuate dramatically. The era of making silly money has become a thing of the past. The core task of various sub-industries of wealth management will be how to allocate assets. Yin Jianfeng pointed out that in the future, institutional investors, including life insurance, funds, pensions and bank financial subsidiaries, will replace the previous bank financial management and become the mainstream of development. At the same time, Chinas household sector will allocate more capital market products such as stocks, bonds and so on. Capital market investment will replace the status of deposits and real estate, and this allocation will also be more indirect financing through institutional investors.
Source of this article: Peng Mei News Responsible Editor: Yao Liwei_NT6056