The second batch of pilot institutions for pension financial products subscribing to hot some products show differentiation

Reporter Peng Yan

Since August, the pension wealth management products of the second batch of pilot institutions are being issued one after another.

"Securities Daily" reporter was informed that China Post Financial, BOC Financial, and Traffic Bank Financial's pension wealth management products have been sold in ten places. Once some products are on sale, they are popular with investors. The reporter learned from the insiders of the bank that the second batch of pilot financial products of several other institutions will also be issued in the near future.

Industry experts point out that with the continuous expansion of the pilot agencies, the distribution scale of pension wealth management products is also expanding. The follow -up of the elderly wealth management products will focus on the "adhere to the long -term investment concept, focus on product risk management and asset allocation, in order to meet the public's elderly career Design is designed as the core. In the future, according to the different types of investors, design more targeted and characteristic wealth management products in terms of holding period and product risk preferences to meet diverse pension financial needs. With the continuous expansion of pilot management of pension financial management, the types of pension wealth management products will become diversified.

The second batch of pilot agencies

Pension wealth management products on sale

In December 2021, my country officially launched pilot financial management pilots, allowing four institutions to sell related products in four cities. Since March 1 this year, the pilot scope of pension wealth management products has been expanded to "ten places and ten institutions". After more than five months, the second batch of pension wealth management products from the batch of pilot institutions was officially market.

According to data from China Financial Management Network, as of August 15, there were 37 pension wealth management products issued by banking financial subsidiaries on the market. The products are issued by the first batch of four wealth management companies. The information that has been disclosed currently shows that the second batch of pension wealth management products will continue the characteristics of stability, long -term, and inclusiveness. The fundraising methods are public offerings, and the starting point of investment is mostly 1 yuan. The above closed -type solid -income products are mainly; most product performance comparison benchmarks are between 5%and 8%.

Du Xuanwei, a researcher at Puyi Standard, told the Securities Daily that in terms of income, due to the market conditions, the actual yield of the first batch of pension wealth management products has a short -term fluctuation. However, in the long run, based on the long -term factors of pension wealth management products, with the continuous innovation of the stock market recovery and pilot agencies, optimistic expectations can be given to its future income performance.

Recently, some wealth management subsidiaries disclosed the product raising situation that some pension wealth management products were launched as soon as they were launched. "Securities Daily" reporter learned from a wealth management manager at the Postal Savings Bank of Beijing Haidian District that since August, the bank's wealth management subsidiary has issued two phases of pension wealth management products. At present, the second phase of pension wealth management products are being released. The subscription period is from August 11th to August 24th, and the upper limit of the raising scale is 2 billion yuan. As of press time, the remaining amount of the product was only 300 million yuan. The sales of the first phase of pension wealth management products issued by the bank are even more popular, and the raising will be completed in advance within two days of sale.

"The introduction of pension and wealth management products is the response and support for relevant national policies. The overall risk of the product is not high, and the performance comparative reference has certain advantages. Therefore, investors have a high enthusiasm for subscribing to pension wealth management products." A family in Xicheng District, Beijing The financial manager of bank business outlets told the Securities Daily reporter.

The reporter also noticed that different from the first batch of pilot agencies, the progress of the second batch of new pilot institutions issued the first pension wealth management product was inconsistent. The reporter learned that Agricultural Bank of China, which is also the second batch of pilots, will issue pension wealth management products to investors in ten pilot cities on August 18. The reporter also learned from other pilot agencies approved in the second batch of pilot institutions that its pension wealth management products have been declared and are still waiting for the results of the approval.

Some pension wealth management products

Expressing great differentiation

With the continuous expansion of pilot agencies and the continuous expansion of the distribution of pension wealth management products, the elderly wealth management products issued by different institutions have shown great differences, and individual products have innovated in terms of duration and operating models. For example, in terms of purchase amount, most of the current purchase amount of pension wealth management products is 1 yuan, but the pension wealth management products issued by China Post Financial Management have not set up a subscription point. In terms of rates, all of the pension wealth management products launched by Bank of Communications and Bank of Finance do not charge management fees. In terms of product period, the closure period of most pension wealth management products is 5 years, but the closing period of the retirement wealth management product launched by Belle Germany CCB has reached 10 years. In terms of dividends, the pension wealth management products launched by different institutions also have different arrangements.

In this regard, CITIC Securities Chief Economist clearly told a reporter from the Securities Daily that the focus of the wealth management subsidiaries in terms of product innovation and rich product system is how to set up wealth management products that truly meet the needs of customer pension, so that customers can realize pension assets Steady appreciation. In the future, the focus of development is to launch products that are suitable for risk preferences for different customers, and adapt to the diversified pension needs of different customers in terms of time limit and risk level.

Xue Hongyan, deputy dean of the Xingtu Financial Research Institute, told the Securities Daily that the initial stage of the launch of various pension wealth management products is generally given a high performance reference benchmark. Become the main challenge to the pilot stage. In addition, the core goal of pension financial management is to achieve long -term value -added of pension funds. Whether it can find a better balance between stability and benefits will become the direction of continuous exploration of financial subsidiaries. "Financial subsidiaries still face many internal and external factors challenges in enriching the product system and meet the needs of investors." Huo Yijing, a researcher at Puyi Standard, believes that the challenge of internal factors mainly refers to It is necessary to further improve, and it also needs to be further strengthened in terms of product innovation design and diversified development. External factors challenge mainly comes from fierce competition in the wealth management market, diversification of investors, differentiated needs and investor education. To cope with various challenges, wealth management subsidiaries should strengthen talent training and scientific and technological empowerment on the basis of establishing and optimizing the investment and research systems, and multi -dimensional improvement of investment and research capabilities and risk management capabilities. At the same time, we should follow the development of the market environment, innovate product themes, enrich the product system, and improve product quality to meet the needs of different investors.

Xue Hongyan believes that the ecology of my country's pension wealth management market is not yet mature. Whether it is the product mechanism process within the institution or the industry -level investor's cognition and penetration rate, it is in its infancy and lacks widely recognized star pillar products. The priority is to promote product popularization and investor education by promoting standardized and standardized pension wealth management products, and continuously improve the penetration rate of pension wealth management products.

Talking about the development trend of pension wealth management products, Cui Shengyue, a researcher at Puyi Standard, pointed out that pension wealth management is a blue ocean in the banking wealth management market with broad development prospects. With the increasing demand for the pension industry and the demand for residents' pension, pension -type wealth management products with stable, long -term and inclusive are expected to become a hot investment in stable investment. The scale and frequency of issuance may be further improved.

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