Deep cultivation of core competitiveness bank financial management company reported good performance

2022-08-25

With the disclosure of semi annual reports of listed banks, the operation of many banks and financial management companies in the first half of the year surfaced. In the first half of the year, the management scale of the wealth management company increased, and the operating income, net profit and other indicators also performed well. Each financial management company continued to deepen the construction of core competitiveness, further improved its investment and research capacity, further optimized its asset management system, and enriched its product system. The management scale continued to grow. As of August 24, the operating conditions of the five bank financial management companies including China Post Financial Management, China Merchants Bank financial management, Ping An financial management, Nanyin financial management and Hang Bank financial management were disclosed in the parent bank's semi annual report. The management scale of each wealth management company has increased, and the net worth transformation has been further accelerated. The semi annual report shows that by the end of June, the balance of financial products managed by China Merchants Bank was 2.88 trillion yuan, an increase of 3.60% over the end of last year; The scale of China Post Financial net worth products was 851.816 billion yuan, an increase of 10.96% over the end of last year; The total scale of financial products managed by the Bank of China was nearly 380 billion yuan, an increase of more than 16% over the end of last year; The balance of financial products of Hangyin financial management reached 354.907 billion yuan, an increase of 15.71% over the end of last year. In addition, according to the semi annual report of Ping An Bank, as of the end of June, the balance of non principal guaranteed financial products was 947.276 billion yuan, an increase of 8.60% over the end of last year. Among them, the scale of net worth products meeting the requirements of the new regulations on asset management was 930.549 billion yuan, an increase of 11.00% over the end of last year. In terms of operating indicators, the operating income and net profit of many financial management companies in the first half of the year were not bad. Among them, China Merchants Bank financial management realized an operating income of 3.186 billion yuan and a net profit of 2.066 billion yuan. It is understood that in the first half of last year, the operating income and net profit of CMB financial management were 2.351 billion yuan and 1.557 billion yuan respectively. Small and medium-sized banks and financial management companies also performed well. In the first half of the year, the operating income of Hangyin financial management was 1.044 billion yuan, and the net profit was 741 million yuan. Data show that the company's operating income in the first half of last year was 355 million yuan, and its net profit was 237 million yuan. The product system is constantly enriched. In the first half of this year, in order to optimize the customer experience, the companies continue to optimize and enrich the product system and gradually expand the sales channels. China Merchants Bank's semi annual report shows that in the first half of the year, China Merchants Bank's financial management focused on customer demand, and the scale of "fixed income +", multi asset and equity products increased steadily. By the end of June, China Merchants Bank Financial had built 70 product maps around the five product lines of "Zhaoying wisdom and excellence". At the same time, it launched Zhiyuan series of scenario based products, continued to issue pension financial products, and strengthened the sales of scenario based products. Customer recognition and stickiness were constantly improved. In the first half of this year, Hang Bank financial also upgraded its product system. It is understood that in the first half of the year, the bank meticulously built a "happiness 99 · Liuhe" product system with "increasingly abundant and more wonderful" as the core, and successively launched such theme products as mixed partial shares, common prosperity, golden diamond equity venture capital and stable and strict selection of fof. In addition, the construction of science and technology system is also the development focus of each financial management company in the first half of the year. It is understood that in the first half of the year, Ping An financial investment research and construction achieved fruitful results, independently developed map multi asset allocation system, and optimized "ping an"

Edit:Wei Li Bin    Responsible editor:Yin Bing

Source:China Securities Journal

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