Assembled Financial Products Will Be Unveiled Soon.

Two words of "steady"

According to industry sources, innovative pilot securities companies launched

The product may only be one in advance.

Whether it is focused on fixed income financial investment plans for fixed income products or flexible financial management schemes with greater flexibility in equity products such as investing in stocks, innovative pilot companies will take the pursuit of sound earnings and safeguard the safety of investors' assets as the starting point in design thinking, that is to say, they will highlight the "steady" style.

The "robustness" in product design is also adapted to market demand, because with the development of

With the constant exposure of risk and the increasing number of investors who hate risk, in order to enlarge the issuing scale, securities companies must consider the needs of investors.

More emphasis on risk control will also be a feature of the new set of financial products.

Since the early release of the securities companies' customer equity management business trial method has been more clearly stipulated in risk management, every company in the design of new products will give full consideration to it.

External risk control may be classified into four main categories: supervision by custodial banks, auditing by intermediaries, supervision by regulatory bodies and participation of clients.

If the previous collective trust management is a wild horse running wild, now it will finally be exposed to the sun and go along the right path.

There is no doubt that the fund is the most mature investment and financial product in China's securities market, with large investment scale and diversified investment. Fund management companies have accumulated more experience in investment management and risk control.

Will the securities dealers' financial products come out after the launch? In the current situation of frequent fund issuance, what will the new products of the securities companies not attract investors after they are no longer guaranteed?

Liu Jun, general manager of CITIC Securities Asset Management Department, said that there are three major competitiveness of Securities Dealers' financial products.

First, in terms of sales and investment, securities companies can give full play to the company's overall advantages, such as investment banking, R & D, brokerage and so on.

Two, there is greater flexibility in product design.

For example, the collection of management fees.

At present, the management fees of funds (except Monetary Fund) are generally 1-1.5%, while brokers can flexibly set, for example, set at 0.8%.

It can also stipulate other ways with investors, such as taking the market index as the benchmark and the excess of investment income above the management fees.

In addition, brokerages can also stipulate management fees based on investment performance and so on.

Three, securities companies can take some risks.

In accordance with the regulations, securities companies can participate in collective asset management plans with their own funds, and they must not withdraw from the midway. In this way, a broker can agree with investors and bear some responsibility for those funds invested by securities companies.

As for the sales prospect of the securities dealers, the industry believes that because the number of innovative pilot firms is small, the number of approved products will not start at all, so the market prospect is more optimistic.

Although there are differences with the fund, there are many similarities between brokerages in collecting financial products and funds.

In addition to the risk control mentioned above, it is closer to product openness, information disclosure, product size, and sales channels.

For example, a product with a period of 2-3 years may be opened once a year; once every six months or once a year on the disclosure of information; on the product scale, on the sales of the fund; in the sales channel, the sale of the company is mainly based on the sale of the bank.

If there is any disadvantage in the promotion of securities asset management, it can not be publicized in large scale like the fund.

Call for lower subscription threshold

It is a landmark event for the industry to evaluate the start of the collective asset management business.

"The asset management business of securities companies can enter a good period of development."

Liu Jun said.

Insiders sigh that the assets management names of some companies are not correct, and their financing is stronger, and they all have the bottom line. They must ensure that the financing chain is continuous.

The time limit of the product is not limited to one year. Therefore, the broker does not have to pursue absolute profits every year.

At the same time, they also called for lower the subscription threshold of collective asset management.

At present, according to the regulations, the amount of funds for a single customer to set up a limited set of financial management plans shall not be less than RMB 50 thousand yuan, and the establishment of a non restrictive set of financial management plans shall not be less than RMB 100 thousand yuan.

According to the statistics of fund sales by banks, most customers are distributed between 20 thousand -3 yuan.

Insiders also called for the establishment of Asset Management Co as soon as possible.

As an independent business, it has made further progress.

After becoming a legal person, the Asset Management Co should be responsible for the board and shareholders, establish a better system in risk control, and solve the problem of interest pfer within the company more effectively. Moreover, from the perspective of international development, the independent operation of Asset Management Co has become a trend.