2006 the national total of 2000 (section) about various financial products available, the renminbi wealth management products to almost daily a new, foreign exchange financing products to the daily average rate of two available, the number has doubled over the previous year . This explosive growth that the public financial market has great potential, investors have more financial choices.
Investor appetite for high-hanging
stock
Of financial products, in the context of the domestic stock market to the good, the sales of foreign currency financial products more difficult. Especially the second half of 2006, the stock market soared as the red and increase return on capital, the bank rate of return financial products department has been unable to meet our investors, “appetite” of investors return requirements and risk preferences , has been hanging high up the stock market, a direct result of the decline in sales of foreign currency financial products and marketing of difficulty increases.
Chinese financial markets and international capital market products associated with greatly enhanced. First Financial Network, according to statistics, in 2006 the ICBC, China Everbright, livelihood, Citibank, Hang Seng Bank have launched the East Asia and other foreign currency equity-linked products. The introduction of financial products and foreign exchange market by the impact of RMB appreciation. From July 2005 the RMB exchange rate reform, led directly to the bank foreign currency financial products and foreign exchange balance of the decline in financial product sales decline.
There are risks of financial products
Financial markets there have been many problems must be addressed, such as lack of product diversity and individuality; product supply channels still appear single, the lack of legislation to protect the financial markets, financial management and proper financial management of psychological and cultural construction will take time professionals varying quality and so on.
2006 Chinese-funded commercial banks, most of the year with the launch of the euro exchange rate, the basic financial products linked to gold ended in failure, reflecting the higher income products floating market risk. As the euro, the larger the fluctuation of gold, particularly gold, resulting in breakthrough products are the default interval. With the introduction of bad timing, gold May severe shock occurred far beyond the preset range, began a wave of “crazy” rally, leading to product failure. Benefits of such products can be seen floating high risk inherent in more volatile market, when revenue is likely to be zero. It also prompted commercial banks in the product design and the timing of the launch to be more accurate and reasonable.
related to hot words: the outbreak of financial market growth
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