Customers Are Obviously More Interested In Products With Higher Yield.

Because the cost of debt side is substantially lower than the asset end, some banks' financial products appear to be "reverse."

Moreover, due to the increased risks and early liquidation of some structured securities, as well as the early repayment of some financing enterprises, the assets end is released in advance.

In the past two months, the number of early termination of bank financing has increased significantly.

The statistics show that in September and October, a total of 33 bank financial products were liquidated ahead of schedule.

According to the statistics of the bank rate network, in September and October, 33 of the financial products that disclosed the due date data were terminated in advance.

Among them, Guangdong Development Bank 19, CITIC Bank 12, China Merchants Bank and Construction Bank 1.

"Early termination of some financial products in July and August and non equity market share"

It has something to do with it. "

Yan Zi Jie, a financial analyst at the Bank of China, said that when the stock market adjustment led to the strengthening of regulation, some of them acted as bank financing funds for structured securities products. The risk of investment rose sharply, and related financial products could only be terminated in advance.

Such as CCB "Qian Yuan Xin an Le 2015 first financial products", the starting date of income is March 10, 2015, the original February 3, 2016 income ended.

However, this financial product was terminated early in October 22nd.

The early termination of the product said that the reason for the early termination was "because of the systemic risk in the recent A share market, the stock fell sharply, resulting in the net value of the trust unit falling below the warning line. There is still a greater investment risk in the case of additional margin for the secondary investors, and it will terminate early in order to protect the interests of the priority investors."

The latest statistics show that in October, the average expected yield of RMB financial products was 4.5%, down 0.13 percentage points from last month.

From 3% to 5%, the product circulation increased by 277 yuan from last month, accounting for 74%. The volume of products with an expected rate of return exceeding 5% decreased by 577 from last month, accounting for 23%.

It is worth noting that in October, the expected annual yield of 20% of the new products sold by banks was below 4%, while only 2% of the expected annual yield was more than 6%.

"Although the number of financial products has increased early in the past two months, and the cash payment can only be made according to the actual duration of financial products, the real yield has reached the expected maximum yield."

Silver rate network analyst said, whether it is early termination or expiration, if again.

The decline in yields is inevitable.

Data show that in October, 79 financial products did not achieve the highest expected rate of return, involving 10 banks, such as industrial bank, Agricultural Bank and Huaxia Bank.

Among them, the 36 products only reach the lowest expected rate of return, and the annualized yield of a non guaranteed financial product linked to stock index is even lower to 0%.

"Last month, the head office issued a new sale.

The number is significantly reduced, and sales are also poor. Customers are obviously more interested in consignment products with higher yield. "

A customer manager of a private bank in Shanghai said.

According to the product brochures, the product raises funds to grant the priority beneficiary right of the tenth trust unit under the No. 10 securities investment collection (inquiring trust products) of Shaanxi Province, and the proportion of priority and inferiority is 3:1, which is mainly invested in two major stock exchanges, closed-end funds, ETF and LOF funds. The expected annual yield is 6.2%.

"In the near future, some banks' financial products will be terminated early, and the possibility of interest rate downside will be greater. As the interest rate of loans and loans continues to decrease, the financiers with good quality assets will easily find cheaper funds in the market, and then repay the debt of higher cost ahead of schedule through debt replacement, which will make their related financial products have to be terminated in advance."

Yan Zi Jie said.

The reporter found this agreement in a brochure's financial products manual. "In the case of borrowing money from enterprises under the financial assets, it is difficult for China Merchants Bank to make reasonable financial decisions according to the expected maximum annualized rate of return on the day of subscription.

"In addition, there are two reasons for the early termination of bank financial products. First, some products are linked to a certain target, such as gold, when prices reach a certain trigger condition, they will be terminated ahead of schedule. Second, before the banks hold money through the issuance of financial products, the overall interest rate is falling, and the banks take the initiative to terminate it in advance."

A product manager of a city business department in Jiangsu said.