Significant progress in stages!The proportion of cash management products of the three wealth management companies has been reduced to less than 30%, and the four state-owned wealth management companies are not higher than 40%.

Summary

【Significant progress in stages! The proportion of cash management products of the three wealth management companies has been reduced to less than 30%, and the four state-owned wealth management companies are not higher than 40%]Although there are still more than seven months before the end of the rectification transition period, as of the end of April, Bank of Communications The proportion of cash management products of the three companies, Wealth Management, China Merchants Bank Wealth Management, and CNCB Wealth Management, has been reduced to less than 30%, and the victory has been secured in advance. However, it should be emphasized that this refers specifically to the surviving balance on the basis of subsidiaries (the same below), that is, the scale of entrusted management cash management products issued in the name of the parent bank but not transferred to the subsidiaries for management needs to be deducted. (Securities Times)

Chess side to the middle game,bankfinancial managementSignificant progress has been made in the rectification of cash management products.

The reporter exclusively learned: Although there are still more than 7 months before the end of the rectification transition period, as of the end of April, the proportion of cash management products of the three companies of Bank of Communications Wealth Management, CMB Wealth Management, and CNCB Wealth Management has been reduced to 30%. Within %, the victory will be locked in advance. However, it should be emphasized that this refers specifically to the surviving balance on the basis of subsidiaries (the same below), that is, the scale of entrusted management cash management products issued in the name of the parent bank but not transferred to the subsidiaries for management needs to be deducted.

CCB Wealth Management, ICBC Wealth Management, Agricultural Bank of China Wealth Management, and Bank of China Wealth Management’s rectification performance is also in line with expectations or even better than expected. The proportion of cash management products does not exceed about 40%, and three of them are around 37%. .

This situation is not easy to come by. Because for a long time many wealth management companies have rigidly emphasized the importance of “scale”, even if they have consciously guided customers to short-term closed, fixed-open, and minimum holding period products, cash management is still the first choice for customer acquisition and customer retention. sharp weapon.According to the reporter’s understanding, in the second half of last year, many nationalbankThe proportion of cash management wealth management products of wealth management subsidiaries is still concentrated between 45% and 60%.

(Article Source:securitiesTimes)

Article source: Securities Times

Responsible editor: 98

Original title: Significant progress in stages! The proportion of cash management products of the three wealth management companies has been reduced to less than 30%, and the four major state-owned bank wealth management companies are not higher than 40%