Minsheng Bank terminated three wealth management products, which three?

For banks with rapid pressure drop? Old products? ,? New product? It's not entirely acceptable to comply with the new regulations? Old products? Scale, formed? Gap? Financial management. Are you online? New product? In the case of ... Old products? Whether the exit process should be slowed down has become a difficult problem for many banks. It is reported that the bank has been tracking? One line, one policy? The principle of reporting to the regulatory authorities? Old products? Pressure to cut back on the plan. At present, banks generally implement decompression according to this plan. Insiders pointed out that according to regulatory requirements, all banks must withdraw before the end of the year? Old products? There is not much room for banks to slow down their exit.

Since 2020, in order to finally complete the transition period, many banks have chosen the old products that were terminated early or even forced to withdraw at the end of 2002/kloc-0. On May 7, Minsheng Bank announced that it would terminate three kinds of wealth management products for individual investors on May 202 1, including? Extraordinary asset management, Tianqi gold ordinary money? 、? Extraordinary asset management Tianyi gold high-end model? And then what? Extraordinary asset management Jin Tianyi (e-banking)? . Minsheng Bank APP shows that all three products are demand-based non-net-worth wealth management, and the annualized rate of return is 2.6%. At present, the procurement channels of these three products have been closed.

Insiders said that most of the wealth management products issued by banks have been transformed into net worth wealth management products. Although some banks still sell products with a certain rate of return? Old products? However, the overall quantity and scale of products issued are declining, and it is expected that the second half of this year? Old products? The liquidation speed will be accelerated. Actually, it's for relief, right? Old products? Earlier bank pressure? Take action? . At the beginning of last year, Bank of China, commercial banks, Bank of Communications, China CITIC Bank and China Everbright Bank began to terminate some wealth management products. According to p & amp； S statistics show that thousands of products have been terminated, half of which will be terminated in 2020.

In July 2020, the central bank issued a notice to extend the transition period stipulated in the new capital management by one year until the end of 20021. During the transition period, banks and other financial institutions can adjust their own rectification plans. After the transition period, financial products such as fixed income and asset management that do not meet the new regulations will be completely eliminated. At the same time, financial institutions are encouraged to liquidate old products in advance. The banker said, New capital management rules? The transition period has been extended, giving banks more time to carry out financial transformation. Although there is no uniform pressure drop requirement at all points in the transition period, the bank has announced its exit plan? Old products? Regulators should ensure a smooth exit? Old products? . According to several bank insiders, the bank is planning to delete inconsistent wealth management products, and it is expected that all old products will be withdrawn before the end of 20021.