Brokerage Business Encountered "Cold Current"

In the near future, a product liquidation announcement has created waves in the brokerage market.

Due assets

China's new Hong Kong stock enhancement 1 was set up in January 19th this year, and it can be described as a setback in just 7 months. This is mainly due to the systemic risk of Shanghai and Shenzhen two. In January 19th, the Shanghai stock index closed at 2758.10 points, and when the product was cleared in August 29th, the Shanghai stock index was only 2576.41 points, or nearly 7%.

Wind statistics show that as of September 16th, 140 of the 239 brokerages assembled financial products had a net worth of less than 1 yuan, accounting for 58.58%.

Although the Shanghai and Shenzhen stock index was down, the Bank of China eventually generated about 2.26% of its absolute positive return, with a cumulative net value of 1.0226 yuan and an annualized yield of 3.73%, ranking twenty-third in comparable 179 brokerages.

It is reported that since the establishment of China's new Hong Kong stock enhancement 1, the Bank of China international operations have been relatively stable, mainly for risk-free deposit and storage.

Although it is not the first collection of financial products that have been liquidated by the broker before it is due, the performance of China's new Hong Kong stock enhancement No. 1 is good.

According to the insiders, the passive liquidation in the past was mostly due to poor product performance, resulting in a decline in net asset value to the liquidation line, or investors' loss of confidence in the face of changes in investment managers.

Bank of China International Securities ranked the forefront of the industry as a whole. The liquidation may only account for investors' too much concern about the industry market trend.

Starting from the first glowing asset management plan of China Everbright Securities Co., Ltd. in 2005, the collection management of brokerages has been developing for 6 years. Up to now, the scale is still only about 140 billion yuan. Although the development has been developing rapidly in recent one or two years, there is still a big gap between financial products such as funds and so on.

The reason for this is that in addition to being weak in channel, its higher investment threshold also restricts more investors' participation.

According to the current relevant provisions, the minimum investment amount for the limited collection of financial products is 50 thousand yuan, the non limited collection of financial products is 100 thousand yuan, and the open fund is the lowest 1000 yuan to invest.

In addition, the liquidation line of brokerages collecting financial products is also higher.