When investors are worried about changes, another kind of new bank wealth management products is officially put on sale.
On February 6th, the first batch of 65438 China pension wealth management products were officially subscribed in four pilot cities, including Shenzhen. The four pilot institutions of CMB, CCB, Everbright and ICBC all adopt "online+offline" multi-channel sales. Eligible investors can go to the sales outlets of the corresponding institutions in the pilot cities with their local personal ID cards, or purchase wealth management products for the aged through online banking and mobile banking. Among them, the pilot city of China Merchants Bank and China Construction Bank is Shenzhen.
"CMB Wealth Management, as a pilot institution selected by the China Banking Regulatory Commission, is a strategic mission of China Merchants Bank Group to participate in the construction of the national old-age security system, which plays a leading role in the early development of the old-age layout in this young city of Shenzhen, and at the same time, it is of epoch-making significance for the upcoming peak of population aging." Zheng Fuxiang, chief product officer of CMB Wealth Management, said in an interview with the reporter of China Times.
Characteristics and sales of financial products for the elderly
It is understood that the starting point of investment in pension wealth management products is 1 yuan, and the total amount of all pension wealth management products purchased by a single investor does not exceed 3 million yuan. The sales target is qualified individual investors holding local ID cards in the pilot area. At present, the investment period of general bank wealth management products is mostly within 3 years, and the investment period of pilot pension wealth management products is 5 years, with a low risk level of Grade II or III.
In addition, the introduction pages of the first batch of four wealth management products for the aged all have the "Pension" logo. Except for the "mixed" investment nature of Everbright Financial, the investment nature of the other three products is fixed income. In terms of product performance benchmark range, ICBC wealth management products are 5%-7%; CMB Finance and CCB Finance are the upper and lower limits of Everbright Finance, and the lower limit is the benchmark of product performance, which is much higher than the wealth management products on the market.
So what's the difference between pension wealth management products and other wealth management products? According to the Bank Financial Registration Center, on the whole, the first batch of wealth management products for the elderly have the characteristics of stability, long-term and inclusiveness.
The first is robustness. The design of pension financial products is mainly based on security strategy, and the products are mainly invested in fixed income assets, and the target date strategy, smoothing fund, risk reserve and impairment reserve are introduced to further enhance the product's anti-risk ability. At the same time, pension wealth management products are independently managed by a third party other than the parent bank, and their net value is regularly disclosed, and registered in the national banking wealth management information registration system, giving full play to the regulatory functions of multi-party institutions, fully and transparently revealing the risks and benefits of products, and providing investors with relatively stable investment choices.
Second, it is long-term. Financial products for the aged aim to guide investors to rationally plan their financial investment for the aged, and establish the investment concept of long-term investment and reasonable return. The term of the first batch of wealth management products for the elderly is relatively long, and the term of closed products is 5 years.
Finally, inclusiveness. The initial purchase amount of the first batch of wealth management products for the elderly is as low as 1 yuan, and the total charge rate is much lower than other wealth management products.
The relevant person in charge of wealth management of CMB also said that its "Yi Fu Rui Yuan Steady 1 No" wealth management is in strict accordance with the relevant policy requirements of the regulatory authorities, with the characteristics of steady investment strategy, prudent risk control management and fine functional design. Inclusive finance will be fully implemented in terms of initial amount, rate setting and risk protection mechanism to meet the wealth management needs of investors.
At noon on the 6th 12, the reporter inquired about the purchasable amount of their pension wealth management products through the apps of China Merchants Bank and China Everbright Bank respectively, and the results showed that both products were sold out.
In this regard, the relevant person in charge of Everbright Finance told the reporter that because the pilot cities are different, the back-office system will judge the identity of customers, so the page shows the amount that customers can buy in the mobile banking channel, not the total amount of products. If it is not a local ID card, there is no limit to the display. China Merchants Bank Financial Management and Everbright Financial Management are the same system logic.
At the same time, regarding the purchase of today's pension financial products, the relevant person in charge of Everbright Financial revealed that its pension financial products "Enjoy Sunshine Pension Financial Products Orange 2026 1" are selling well in Qingdao, and both the initial fundraising scale and the fundraising speed have repeatedly hit new highs in the sales of wealth management products of Qingdao Branch.
In addition, up to now, only CCB Financial has disclosed the first-day sales data. The company's first wealth management product for the aged-Jianxin Wealth Management's exclusive fixed-income closed-end wealth management product 202 1 was put on sale at 9: 00 am 12 on February 6, and by noon that day, the amount raised had reached 2 billion yuan.
Bank financing or meeting new opportunities of transformation
According to the results of the seventh national census, by the end of 2020, the population aged 60 and over in China will be 264.02 million, accounting for190.64 million, accounting for 2065.438+00, and the proportion of the population aged 60 and over will increase by%.
Insiders pointed out that in the process of improving the modern old-age security system, "getting old before getting rich" has become a new challenge. At the same time, the total amount and structure of the pension financial system are still insufficient, and the multi-level pension system still needs to be improved. Therefore, it is very urgent to continuously enrich the supply of financial products for the aged and meet people's diversified needs for the aged.
In this environment, it has certain advantages for wealth management companies to participate in enriching the pension financial system. Wealth management companies are born out of commercial banks and serve the vast number of individual customers. The participation of wealth management companies in pension finance is conducive to expanding service coverage groups. Secondly, after years of practice, the investment team of wealth management companies has good macro-economic judgment and asset allocation capabilities, prudent risk control capabilities, and the ability to select and integrate institutional resources of all parties, which can fully protect residents' pension security and investors' interests.
As early as September this year 10, the CBRC issued the Notice on Launching the Pilot Project of Pension Financial Products, and selected Wuhan, Chengdu, Shenzhen and Qingdao as the pilot cities for pension financial management. On September 15, ICBC Wealth Management launched the pilot pension wealth management products in Wuhan and Chengdu, CCB Wealth Management and China Merchants Bank Wealth Management were launched in Shenzhen, and Everbright Wealth Management was launched in Qingdao, with a tentative period of one year.
In an interview with the reporter of China Times, the person in charge of wealth management of China Merchants Bank said that the pilot work of wealth management products for the aged indicates that on the basis of social security, savings, housing and insurance, Chinese residents can further use the allocation tool of wealth management for the aged to realize the preservation and appreciation of wealth. This is an important part of coping with the challenge of population aging and perfecting China's old-age security system.
Observing the changes of wealth management products of the whole bank, it is worth noting that since June 1 1, many banks have announced the early termination of wealth management products, and recently, many banks have terminated some wealth management products in advance, and the future banking wealth management market may usher in a "true net worth" era.
Another banker told this reporter that there are two types of bank wealth management products: expected income type and net worth type. At present, the change of net worth wealth management products is an aspect of bank wealth management transformation; On the other hand, the newly launched wealth management products for the elderly will also provide an important direction for the transformation and development of bank wealth management products and their wealth management subsidiaries.