Bank Financing Starts To Rise, Counterattack Internet Finance

Recently, with the end of the May 1 holiday, market Loose funds, part of the "baby" financial products, the 7 day yield has fallen below 5%, while the largest user of the balance of treasure 7 years of return rate is also lingering in 5%.

At the same time, the yield of bank financial products began to pick up. Faced with such a sluggish Internet financial product, investors say that a new round of capital relocation will be brewing. "Baby" financial products have always been popular with investors because of their high liquidity, low threshold, convenience to purchase and high returns. capital Invest in such products. And overnight, the "baby" financial products also hit the bank financial products.

But the "baby" products, which once achieved brilliant results, seem to have some stamina in the relatively loose funds market nowadays. Last week, Internet financial products showed a flat income. The yield of all products was between 4% and 6%. The four monetary funds of WeChat CAITONG were all below 5%, and the annual yield of the last seven days was only between 4.6030%-4.9120%. Even with the scale of up to 400 billion yuan, the yield of the balance of Internet financial products with about 80000000 customers' volume continued to decline and fluctuated at around 5.1%.

At the beginning of this year, the income of "baby" products was higher, mainly at the end of the year when most banks had to replenish their deposits, so the Internet financial products were cyclical higher. The essence of Internet financial products is monetary fund. In general, the annual yield of the fund is hovering around 4%. However, with the weakening of the momentum of the "baby", recently, bank financing began to counter attack the position of "baby". It is reported that China Merchants Bank will issue 8 regular financial products regularly, covering medium, long and short periods. Customer The choice is wide and the highest yield is 5.8%.