“Fast is one of the key words for the banking arm in 2019. On the last day of 2019, ping an bank announced it had been approved to build ping an financial co., ltd. Last year,17 financial subsidiaries were approved to build and 10 opened, according to the securities daily. After the state-owned bank and the stock bank, the city firm and the first foreign-controlled financial company began to move quickly. "Steady" is another key word for the transformation of the financial arm in 2019. Financial subsidiary issued products are still mainly fixed income, mixed products 79, equity products only 1, bank financial management to equity class transformation steadily advancing.
Between fast and steady, the banking arm ushered in 2020. The industry expects that this year's joint-stock banks, as well as the outstanding financial transformation, the larger scale of the city agricultural firms will become a new round of financial subsidiary preparation, opening the main force.
With the arrival of 2020, closer to the end of the transition period of the new capital management regulations, the rapid transformation of banking financial management business is an important business of the major banks, among which, the financial subsidiary is the key focus.
It is worth noting that a large wave of bank financing subsidiaries \"years ago\" will be good landing. On the evening of december 31, ping an bank announced that it had been allowed to set up ping an financial co., ltd. to become the fifth joint-stock bank to set up a financial subsidiary. According to ping an bank's previous announcement, ping an's registered capital does not exceed 5 billion yuan.
At the end of December 2019, China Merchants Bank's China Merchants Bank has registered a product, called \"China Merchants Bank's two-year fixed-income enhanced fixed-income financial plan \", which began raising money on the same day. The estimated duration is 6 years and the starting point is 100 yuan.
According to preliminary statistics of the securities daily, in december alone, a number of bank financial subsidiaries had new moves, among which, xingyin financial management, ningyin financial management officially opened; hangyin financial management was approved to open. In addition, nanjing bank, jiangsu bank, ping an bank and other three city commercial banks were approved to build a financial subsidiary.
Industry insiders say there are still a lot of financial subsidiaries on the way, the number of financial subsidiaries will gradually increase, joint-stock banks, the city commercial bank's financial subsidiaries will focus on opening and selling new products in 2020, the financial transformation of a prominent, large-scale city agricultural firms will become a new round of financial subsidiary preparation, the main business.
《 Securities Daily reporters to each financial subsidiary issued by the financial products comb and inventory found that the financial subsidiary issued products (including subsidiaries to undertake the stock of parent bank products) have several characteristics, one is that the type of products mainly fixed income category, fixed income category products account for 80%.
As of january 2nd, china's financial management network showed 314 offerings from a bank subsidiary. For the above mentioned subsidiary products, there are 240 fixed income products,79 mixed products, and only 1 equity products. The reporter inquired to know that one of the only equity products should be the ICBC financial management to undertake quantitative investment products.
The chief analyst of CITIC Securities, who has just set up a financial subsidiary, including a lot of product frameworks, investment frameworks, research frameworks are still in the process of establishing, in the past, domestic banks have mainly invested in debt, the investment in equity also needs a process of learning and adaptation, so the introduction of equity products, including derivatives, will be relatively slow.
After the new rules on bank finance, although the transformation of commercial bank financial products to equity has accelerated, but so far, this transformation from the perspective of new products issued by banking subsidiaries seems to be not fully reflected.
Second, the investment threshold is greatly reduced, more than 60% of the product starting investment amount is only 1 yuan, but also some products investment starting point is 100 yuan. The low threshold of \"small money management\" has become a financial subsidiary's product acquisition weapon.
In addition, although there are currently 10 financial subsidiaries, not all financial subsidiaries have registered new products in the first place. As of January 3, only six financial subsidiaries had registered their products, according to China Financial Management Network. Securities daily