In 2018, the central bank issued the New Rules on Asset Management, which stipulates that bank wealth management products cannot be rigidly paid, and also gives a transition period of several years, and the New Rules have been officially implemented on January 1, 2022. On January 15, Cao Yu, a member of the Party Committee of the Banking and Insurance Regulatory Commission, also said that by the end of 2021, the wealth management products guaranteed by banks have all been cleared to zero, so the bank wealth management products are not guaranteed, can they still buy in the future?
In fact, the early bank wealth management products are not guaranteed, but later in order to compete with the Internet wealth management products, they can only issue a rigid payment commitment to the depositors, and the bank itself bears the possible risks, but this behavior can easily lead to systemic risks of the bank, so it will be stopped by the central bank.
After the promulgation of the New Asset Management Rules, banks have also been reducing the number of capital-protected wealth management products in recent years, especially in 2021, basically all large banks have stopped issuing capital-protected wealth management products, and only some small and medium-sized banks will issue a small number of capital-protected wealth management products in order to collect deposits. If banks don't issue capital-protected wealth management products, no one will buy wealth management products?
Obviously not, according to the data, as of 2020, the size of the bank wealth management market will reach 25.86 trillion yuan, and by the end of June 2021, in the case of a large reduction in capital-protected wealth management products, the scale of the wealth management market is still 25.80 trillion yuan, so although the capital-protected wealth management products have been greatly reduced, it has not affected the purchase enthusiasm of consumers, and there are still many investors buying.
In fact, if there are people who have purchased bank wealth management products, they know that bank wealth management products are also graded, respectively, R1, R2, R3, R4, R5, of which the highest risk is R4 and R5, R3 is a medium risk, and R1 and R2 level of wealth management products The risk is relatively low, because the direction of R1 and R2 wealth management products is mainly deposits, insurance and bonds, the probability of loss is basically negligible, even if it is really a loss, it will not go anywhere. In real life, more than 80% of the wealth management products issued by banks are low-risk financial management at the R1 and R2 levels, so even if the "new regulations" of the central bank have begun to be implemented, the bank's wealth management products can still be purchased.
And the purchase of wealth management products, banks also have requirements, before the purchase will be the investor's risk tolerance will be tested, only through the test can buy the corresponding level of wealth management products. For example, a depositor who cannot afford any loss, wants to buy R5-level wealth management products, in principle, the bank is unlikely to agree, after all, once the subsequent loss occurs, then the trouble is a lot, and in the reality test, many people's affordability is below the R2 level, which is the main reason why more than 80% of the bank's wealth management products are R1 and R2 level.
Wealth management products and deposits in principle is still a big difference, in addition to not protecting the capital, the most important thing is that can not be redeemed in advance, many banks issued wealth management products are closed, that is, only due to redeem, the middle does not have income, want to redeem in advance there is no way, this may also be the biggest difference with deposit products, so for depositors, before buying wealth management products, we must determine that this money will not be used during the purchase period.
In summary, if the depositor is not satisfied with the income of the deposit and can bear a little risk, then the bank's R1 and R2 level wealth management products are still more suitable for depositors to invest. Of course, if you can't bear any risk, then it is still safer to honestly save regularly.