Financial products issued in 2011, the scale of local financing platform is close to total loans.
benefits of wealth, according to general statistical reports, as of December 20, 2010, 2010, commercial banks issued a total of about 9958 models of wealth management products, to raise funds estimated size of about 7 trillion yuan, compared to About 4.8 trillion yuan in 2009 the issue of scale growth of 46%. Among them, the guaranteed return products of about 3328 models, guaranteed income products floating about the 1134 models, non-guaranteed income products floating about 5496 models.
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funds are plotting to release a new layout of the rolling elements
though not removed from, but an in-depth Case Study of Bank experts believe that financial products, including the risk of a vast reservoir of the outbreak may precede local financing platform.
his analysis that the financial products now have ; there if the dominoes, the deterioration of the situation is unknown when the arrival of the day. interest rates (Shanghai Interbank Offered Rate, hereinafter referred to Shibor) linked to the bank through the issuance of financial products, to the funds as the bank to solicit depositors, the higher the relative cost of capital, attract deposits.
study of its causes, the nature of financial products whether it is private or public offering, should receive what level of supervision, in an interview, and yet few people to say. Unclear definition of aggravated disorderly markets, regulatory issues such as inadequate or excessive regulation.
Do not need regulation?
bank executives in an internal meeting, it means the bank's own liquidity management concerns: the rapid loan growth, deposit volatility, banks still do not rule out a structural liquidity shortage worry. The executives said some of the reserve ratio for financial institutions, consistently low, and the assets and liabilities maturity mismatch problem persists.
executives say there are big firms, some of the liquidity of small and medium banks have reached a precarious point gap, while large banks, is also facing some pressure on deposits, including one accusing him of However, to ensure that the credit markets to seize the initiative early, limited loan to deposit ratio of the pressure, sequestration, war is inevitable.
Another noteworthy phenomenon is that the incremental deposits of the Agricultural Bank in 2010 for the first time over the bank, although the bank's deposit balance is still the first, but the balance of deposits of the Agricultural Bank is expected in 2011 more than ICBC.
financial management of the aforementioned banks have revealed that over-run and innovative mechanisms for more active banks, the back of a coin is this: pull deposits means that a vigorous promotion of financial products.
central bank survey said Secretary Shengsong Cheng wrote: As of December 21, 2010, when the financial products issued RMB bank is expected to yield an average 2.77%, 12-month average bank financial products expected rate of return of 3.55%, respectively, than the year before raising interest rates higher deposit rates by 0.27 and 1.05 percentage points, close to or exceed the Consumer Price Index.
dispute and the source of
With the rapid development of financial products are becoming disputes between investors and the banks of the source. The end of 2010, the Shanghai First Intermediate People's Court on this subject specifically dispute bank financial products held a press conference heard the situation, said the current financial institutions, financial product design and marketing out of line, inadequate risk disclosure and blind people to buy financial products, called for strengthening public awareness of risk prevention to develop stop-loss plan, signed a management contract carefully; and suggested that banks should further improve the financial control mechanisms inside and outside products, the development of relevant rules and regulations, strengthen risk prevention.
Shanghai First Intermediate People's Court hearing in 2010 because of public trust management contract dispute involving the 11 cases from the economy, the main cause of action into three categories: bank fraud or misleading financial grounds for rescission of the contract, and that the compensation for loss of investors.
the case in the trial, Bank of Communications, China Everbright Bank, Huaxia Bank, China Agriculture Bank, are in favor of appellee because appellant's lack of evidence. Only Citibank (China) Shanghai Zhongshan Park branch is in the second instance the case of the two sides reached a mediated settlement process.
the grounds that the judge considers that investors and banks to make the trust management contract established by law, the force of law. Banks are also the right time to do the investment risk for investors tips, and shall be implemented in the performance of the process without any fault.
trust management contract, the terms involved in the effectiveness of security at the end there are some disputes. Chinese law institutions for securities-related products to protect the revenue against the commitment, and financial products is no express provision for this. According to China The provisions of this non-security at the end, that field in 2005 led to a number of broker bankruptcy, the entire brokerage industry into the
financial products that are clearly not yet tasted the bitterness. However, the CBRC promulgated in 2005, be.
a senior economic trial judge that because there is no investment in whether the bank guaranteed to make the relevant law, and in the process of adjudication of cases generally in accordance with the contract to identify. In terms of format, must try to explain the legal obligations,
, raising the object is to meet the required qualified investors.
Previously, the banks are private or public offering wealth management, is a specious issue. Not set the threshold for qualified investors; what is public information and promotion, there are a lot of gray area, for example, the elevator bank financial product advertising, media coverage, having a public referral? Whether the division of the subscription amount to private and public boundaries? Meanwhile, financial products undergo rigorous third-party and no supervision and information disclosure.
A direct question is, in this case, for investors, whether to assume all the risk?
his view, since not openly advertise and promote, first of all financial products should be standardized contracts, , can not form a general consensus. If the formation of a standardized contract, or the industry contracts, investor protection can be more conducive to investment income. manner; longer the standard of disclosure than the public fund or listed companies has decreased, particularly those belonging to the trust contract, shall be required to disclose the trust relationship.
industry in Hong Kong Lehman debt as an example, that if the uniform does not seize the related complaints, 96% of complaints about the Lehman bond sales process. As of today, the streets in Central, Hong Kong, there are still a large number of Lehman debt
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