On the evening of March 23, Everbright financial announced that it would invest in the financial products issued by the company with its own funds of no more than 200 million yuan. Everbright financial, which launched the "first shot" of self purchase by bank financial companies, said that the move was based on confidence in the long-term healthy and stable development of China's capital market.
Recently, a large area of net worth of bank financial products has retreated, and many products have "broken the net", which has aroused widespread concern. According to the third-party monitoring data, as of 17:00 on March 24, excluding the products without net value for nearly six months, among the 28543 bank financial products (including those issued by commercial banks and bank financial companies) in the whole market, there were 2198 "broken net" products, and there were 2102 products whose cumulative unit net value was equal to 1, touching the edge of "broken net".
In the face of the successive "net breaking" of bank financial products, some investors have panic and uneasiness, and even began to redeem. Many investors do not understand why bank financial products known for their soundness will also have a large area of net worth pullback?
In fact, this reflects that after the formal implementation of the new asset management regulations, the bank's financial management is gradually breaking the rigid cashing. Entering the era of "true net worth", it is normal for financial products to have large net worth fluctuations in the short term.
Novel coronavirus pneumonia is a common problem in China's economic development. From the internal situation, along with the recent distribution of new crown pneumonia epidemic in China, the three pressures of demand contraction, supply shocks and expected weakness are obvious. From the perspective of the external environment, the recent international situation is complex and severe, and geopolitical risks are rising. The conflict between Russia and Ukraine has triggered a sharp rise in global energy and food prices, and there is great uncertainty about the future trend of bulk commodities, which has disturbed the international financial market.
The frequent impact of multiple internal and external factors in a short time has led to fluctuations in the confidence of the domestic market and investors, resulting in pessimism, which directly led to the decline of the domestic Shanghai and Shenzhen stock markets, and there are certain potential systemic risks.
On March 16, the financial stability and Development Commission of the State Council held a special meeting, emphasizing that relevant departments should actively introduce policies beneficial to the market, respond to hot issues concerned by the market in a timely manner, stabilize market expectations in a timely manner and enhance investor confidence.
After taking the lead in making a voice at the policy level, more than 10 bank financial management companies successively communicated with investors in the form of "a letter to investors", explained the reasons for the recent net value fluctuation of financial products, encouraged investors to treat short-term fluctuations rationally and strengthen their confidence.
Facing the current market environment, on the one hand, financial companies should strengthen the construction of investment and research capacity, deepen the research on macro environment, industry and investment strategy, and obtain alpha income in the market shock through professional research and judgment; On the other hand, we should strengthen market analysis and judgment, timely adjust the position of equity assets according to the market situation, further improve the proportion of stable income assets, prevent credit risk, policy risk and liquidity risk, and balance risk and income.
In the long run, after the bank financial management has entered the era of comprehensive net worth, how to make investors break the deep-rooted concept of breakeven, accept the current situation of risk bearing and self responsibility for profits and losses, and establish the awareness of long-term investment is also the urgent work faced by banks and financial management companies.
