Bank Financing Will Continue To Grow Strongly

The Spring Festival is near.

It is still the main force in China's asset management market.

Pu Yi wealth recently released data show that in 2015 the bank's financial management scale exceeded 20 trillion, compared to the same period last year to maintain growth rate of more than 25%.

With the narrowing of the profits of traditional savings and loan business, financial and other "light capital" businesses become the pillar of banks' profits.

China's financial market is growing from sprouting to prosperity.

However, with the continuous expansion of the scale and the continuous enrichment of product types, the problems in the development of bank financial services are gradually exposed.

For example, the bank financial market fluctuates drastically.

The five double fall in 2015 made the yield continue to go down and became the label of bank financial products.

After the shock of the stock market in June and the strong attack of the Internet financial platform, bank financing had to face the new normal of capital market.

However, with the rapid growth of the scale of financial management, because the growth of the bank's own investment team can not match, the entrusted investment has become an important asset allocation channel, and the hidden risks in the outsourcing mode are gradually emerging.

Finally, a lot of vicious events that investors will confuse consignment products with bank financing are sounding the alarm for the bank financial market.

From the experience of the United States,

The scale is generally about 2 times that of the GDP scale. According to this calculation, the scale of China's asset management market should be over 100 billion yuan.

Accordingly, we can judge that China's financial market is still in the growth cycle, and the inflection point of financial demand is far from coming.

This indicates that asset management scale, including bank financing, will remain strong for a long time to come.

At the same time, compared to the proportion of international large banks generally higher than 30%, the proportion of financial products of listed banks in total assets still has much room for improvement.

However, in line with the pformation of banks, the era of extensive financial management is gone forever.

Scale is difficult to equate directly with efficiency.

In the past, bank financing is incremental competition, and banks will grow more or less, and will become a stock game in the future.

With the expansion of mixed operation, the differences in product design richness and asset allocation and management capabilities among different commercial banks will lead to industry differentiation.

Small organizations holding together and heating up and merging large and large organizations will take a road of differentiation based on their core competitiveness in terms of their superior business, service targets and ecological management of asset management.

Next stage,

The type will be pformed from existing fund management products, such as stage and net value, to various financial products and services such as investment management, education and financial management. The form of products will become increasingly diversified, and it is expected to form a bank led product trading and pfer platform.

From the perspective of mechanism, bank financial management departments continue to evolve along the line of "quasi business unit - business unit subsidiary".

With the profound changes in the market environment, bank financing has come to a new crossroads, and in which direction will the future develop, it has become a real and urgent problem.

Thanks to the deepening of market-oriented reform and the continuous growth of China's economy, huge demand for asset management has been generated, and a long-term growth asset management market has been formed.

There will be no fundamental change in the demand side of bank financing market, and the demand will remain strong.