In this regard, the Securities Daily reporters on the Internet platform brokerage business financial products survey found that currently in several major Internet platforms, WeChat Tencent CAITONG, Alipay wealth, Jingdong financial regular, prudent financial management mainly brokerage, insurance and financial management, its form is relatively simple. Among them, most of the recent securities firmsfinancial management is based on the securities firms collective financial management, and the yield has not changed much after the benchmarking news.
From the perspective of the three major Internet platforms, Tencent Finance Securities Products Classification, except for one securities business income certificate, the rest are all collective capital management plans, quotation repurchase has not been online recently. The plan includes 16 products owned by five securities firms and securities firms. The closure period is from 35 days to 364 days, and the performance benchmark (annualized) is between 3.02% and 4.5%. At present, 11 products have been sold out, which is evident in the hot spot. In addition, the net value of a large collection product of Guangfa Securities has increased by 5.72% in the past year.
In the Alipay wealth (robust selection area), the previously classified financial area has now been integrated into a unified robust product area. Currently, only one of the securities firms financial products is sold online by Huatais money fund, with an annual yield of 2.717% on the 7th day. The rest are mainly insurance financial products.
In Jingdong Financial Steady Securities Exchange Area, 9 securities firmspooled capital management plans have high performance benchmarks, ranging from 4.05% to 4.5%, and 4 products have been sold out.
Appearance of Income Certificate
In the financial management of securities firms, earnings vouchers have always been favored by investors because of their robust attributes.
Recently, Tencent Finance Tong has appeared a securities firm income certificate, also from Guangfa Securities. The reference annual return rate is 0.5% - 8.6%. The closure period is 188 days. The risk label is medium and low risk. The initial purchase amount is 50,000 yuan, and the increase of 10,000 yuan is an integral multiple. The income voucher is linked to the Shanghai-Shenzhen 300 Index. The reference annualized product yield depends on the rise and fall of the Shanghai-Shenzhen 300 Index. It can be divided into five situations. When the rise and fall of the Shanghai-Shenzhen 300 index is less than - 20% at the end of the observation period, knockout events occur, and the reference annualized product yield is 3.65%. The following time points are at the end of the observation period. The reference annualized product yield is 0.5% - 8.6% when the Shanghai-Shenzhen 300 index rises or falls from - 20% to - 5%, 0.5% when the Shanghai-Shenzhen 300 index rises or falls from - 5% to 5%, 0.5% when the Shanghai-Shenzhen 300 index rises or falls from 5% to 20%, 0.5% - 8.6% when the Shanghai-Shenzhen 300 index rises or falls from 5% to 20%, and more than 20% when the Shanghai-Shenzhen 300 index rises or falls from 0.5% to 8.6%. When knockout occurs, the reference annualized product yield is 3.65%.
Regarding the impact on the financial market after the implementation of this round of benchmarking, insiders said, The liquidity of the market is relatively loose during the year, coupled with this benchmarking, the market interest rate may slightly decline. Baby financial products, bank financial products, brokers, insurance and other related financial products may decline slightly in the short term, but the Internet is flat. Taiwan will select products with higher returns and investors will choose more.
In this regard, Rong360 analyst Yin Yanmin also said that the implementation of the reduction will have an impact on the asset allocation of bank financial products, that is, the asset-side interest rate of financial products will decline, which will force the bank financial return to further decline. According to statistics from 360 data research institutes, the average expected return on bank financial products has fallen for 17 consecutive months, or will fall below 4% in the future.
Source: Liable Editor of Securities Daily: Yang Qian_NF4425