The Central Bank Has Another Big Move, Stable Exchange Rate And Financial Management Direction Is Difficult.

The RMB exchange rate depreciated for many days at the beginning of the new year, and it stabilized after the central bank intervened in the foreign exchange market.

Yesterday, the central bank began to resort to big measures to combat offshore renminbi bears. Since January 25th, foreign financial institutions have been depositing domestic financial institutions to implement the policy of normal deposit reserve ratio.

Analysts say the new deal will boost the financing cost of offshore renminbi, which will help to keep offshore interest rates from going up.

Yesterday, the official website of the central bank issued a circular saying that since January 25th, the normal deposit reserve rate for overseas Renminbi deposits held by overseas banks such as domestic agents and other domestic banks has been implemented.

Dong Dezhi, chief macroeconomic analyst at Guoxin Securities, said that the estimated amount of RMB deposits deposited by overseas RMB business participants in the territory was roughly 1 trillion and 300 billion. If the deposit reserve was collected by 20%, there would be a about 200000000000 levy, which would have a negative impact on the tightening of liquidity between domestic banks.

The central bank has said that it is normal for foreign financial institutions to be stored in the territory.

It will further improve China's deposit reserve system and will not affect the RMB liquidity in China.

The bank financial planner said that for the general public,

Dollar assets are not a good time at the moment.

From the perspective of comprehensive income, changing US dollars may not be much higher than holding renminbi, or even greater investment risk.

Director of China banking research center, Central University of Finance and Economics

It is believed that the overseas market is more speculative in the RMB market. By collecting the deposit reserve rate for the overseas RMB interbank business, it can increase the cost of the RMB investment by foreign investment institutions, and it is also helpful to stabilize the RMB exchange rate.

Liang Hong, a macroeconomic analyst at CICC, also believes that the expected depreciation of the renminbi will intensify in the near future. Levying the reserve will raise the cost of shorting offshore renminbi, restrain arbitrage and stabilize the foreign exchange market.

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Bank financing products "flying alone" cases often appear, not only investors are faced with investment risks, but others are also criticized for their lack of internal supervision and weak wind control and even reputation damage.

Recently, a bank will hang its official website on the sale of personal financial products. Investors can make comparisons to reduce the possibility of being flown.

Although the bank is trying to cope with the problem of flying alone, the actual effect remains to be verified.

It is the Guangdong Development Bank that hangs personal financial products.

Media reporters found that in this document, including the bank's self financing products, insurance and public offering fund products, the publicity includes product name, product category, source, risk level, expected rate of return, qualified customer standards and starting amount.

The bank said the move was aimed at improving service quality and avoiding customers buying financial products that were not authorized by the bank.

The so-called "flying list" refers to the collusion of individual employees of a bank with the social workers driven by interests, the selling of products with high yield as a bait, and the sale of non bank independent financial products, non bank authorization and the signing of a consignment agreement of the third party financial products.

In recent years, the phenomenon of flying alone is common. Many banks have been involved in it. Many investors do not know that they are buying non bank products such as private equity funds or silver investments until the product fails to pay.

In order to prevent the issue of flying alone, regulators have made various efforts, including the issuance of the notice issued by the China Banking Regulatory Commission on strengthening internal control and management of banking financial institutions and effectively preventing operational risks of counter business.

In fact, many banks have been able to find financial products in the bank's official website. However, the situation of flying orders still happens frequently.

Li Yinping told reporters that in her view, in order to solve the problem of flying alone effectively, banks should establish effective internal management and supervision mechanism, not only to investigate the professional competence of employees, but also to pay enough attention to their professional ethics.

Every employee is responsible for ensuring that the system can be monitored and monitored by staff at the same level or higher level.

In addition, some abnormal behaviors of employees should be followed up.

In terms of supervision, the relevant regulatory departments should make qualitative decisions on the flying documents, stipulate how to deal with the matter once it happens, and we can not throw away the responsibility because a bank is "employee's personal behavior".

Experts also said that investors should not be confused by high-yield. Before buying financial products, they should be clear about whether they are buying financial products or selling products. They should carefully check the product manuals and inquire whether they have the product through the bank's official website before buying.

In the eyes of analysts, banks will actively respond to the sale of financial products on the fly, but now many customers do not often log on to the bank's official website to see whether it is timely to update the content.

Media reporters found that the updated sales directory in Guangdong Development Bank was only for sale in September 30, 2015, and the products on sale were closed to November 26, 2015.