Balance Treasure Strong "Suction Gold Force" Should Not Become A Lamb For Sin.

< p > here the world is < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank".

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< p > the first Tsinghua Wudaokou Global Financial Forum opened at Tsinghua University. Liu Shiyu, vice governor of the people's Bank of China, attended the forum. He pointed out that the balance treasure is moving deposits instead of financial innovation, and determined to rectify financial interbank business and various financial services. Otherwise, it will guide investment institutions and the public to pursue short-term high profits instead of long-term returns, which will have a huge spillover effect on the development of capital market.

These products and businesses are "adding water" at every level, and every link must be "plucked", which directly raises the financing cost and contributes no to the improvement of labor productivity. It will bring the national financial system into the short-term behavior of gambling mentality (China net).

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"P", once the popular Internet financial representative - balance treasure, has made investors rush to become a "financial organ" of grassroots financial management.

Many banks have exclaimed that a large number of depositors have moved their savings to the balance treasure. The banks try to fight back and launch all kinds of "balance treasure" products, but they are hesitant to fear that the old deposits customers will buy these products and increase their own financing costs.

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Since P last year, the balance of treasure has been in the limelight in the capital market. The IMF has not been warm in the past 10 years, but the situation has changed immediately since the balance of treasure came out.

Now the scale of the domestic cargo base is about 1 trillion yuan, and only the balance of treasure accounts for about 400000000000 yuan.

The latest data released by the central bank showed that in January, the loss of deposits was about 900 billion yuan, and last week, the size of the domestic monetary fund has exceeded one trillion, and the Internet financial products represented by the balance treasure have injected a strong "gold absorption force".

The rapid development momentum of the IMF has not only made banks rush to meet the challenge of "treasure", but also caused some doubts.

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"P" has always been troubled by the rapid development of the balance, and the voice of "abolition of the balance treasure" is rampant.

The reasons are as follows: first, it has raised the cost of the whole Chinese real economy, that is, the final loan customer, and this cost will eventually be pferred to everyone. Two, the balance treasure is a "vampire" on the bank, a typical "financial parasite", which has gained huge profits without operating risks. Three, like Japan, it is also a high savings country, but it does not allow the appearance of "Yu Ebao".

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< p > balance money and other money market < a href= "http://www.91se91.com/news/index_c.asp" > fund < /a >, in essence, is the mode of Internet channel + traditional fund, that is, collecting small funds from scattered investors through the Internet channel, and buying the money market funds of fund companies.

Since last June's money shortage incident, the interbank market's capital dismantling rate is relatively high, which has led to the higher yield of the online financial products such as balance treasure at around 6%.

Objectively speaking, the description of Internet financial products is a typical "financial parasite" and "vampire" is biased.

On the one hand, claiming that Internet financial products have raised the overall financing cost of the society is totally ignoring the private lending that has become the trend of fire and water. On the other hand, even though some internet financial products have raised the expectation of people's financial returns, it is only a challenge to the stable and profitable mode of the banking industry.

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< p > essentially, most of the treasure products of the Internet are monetary fund.

Although the a href= "http://www.91se91.com/news/index_cj.asp" > balance treasure < /a > and other network financial products, the cost of bank financing has risen, but the root of the problem is not in the balance of treasure. In the system, there is no risk arbitrage space between the control interest rate and the interest rate of the agreement deposit.

It is unfair to leave this space and not to change the system.

Maybe the market interest rate should be so high, but because the interest rate control is being implemented now, the interest rate will be so low without the liberalization of interest rate control. If the market is fully marketed, the people should have been given higher interest rates.

But now we use the way of balance treasure, so that people can get the benefits they should have.

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The small and medium-sized enterprises are going to go up and increase the cost pressure of industrial funds. In addition, the balance treasure has withheld large profits for themselves through the large-scale purchase of money market funds, and then the remaining ones are returned to investors. After clearing up the essence and context of the balance treasure, we can know that the balance treasure has not raised the financing cost. This is the "marketization" reflection of the interbank capital market. Even if there is no balance treasure, the proceeds of the money market funds will still go up. Therefore, the balance of the cost of raising the cost of the money can not be tenable. The balance treasure simply provides an investment channel, and it does not affect the overall interest rate level of the capital market. It is just a reflection of the interest rate level of the overall capital market. It is only a reflection of the higher interest rate of the capital market, rather than a reason for the rise in the interest rate of the capital market, rather than putting the cart before the horse. < p > some people believe that the balance of treasure has virtually raised the financing cost of the society, because the savings cost of the bank has increased, and this part of the cost will be passed on.

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< p > it goes without saying that the existence of products of the Internet < a href= "http://www.91se91.com/news/index_c.asp" > Finance < /a > can promote the reform of traditional financial system and mode, and may even play a catalytic role in the marketization of interest rates.

At the same time, the Internet payment platform will provide a better investment platform for ordinary people, and help everyone, especially those who lack professional financial management ability to solve the problem of real negative interest rate, which should be said to be a good thing.

At the same time, Internet finance is currently a channel builders and limited product interventionist. Its advantages can not be surpassed. This also provides a new opportunity for the traditional financial model.

Standing on the general standpoint of ordinary people, it stands for network finance and supports online financial management. Money exists in banks to subsidize the rich with the money of the poor. Internet Finance improves the bargaining power of retail investors and improves profits, which is undoubtedly helping the poor get their own profits.

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