How is ICBC's financial management?

It is a relatively formal wealth management product, and there is no problem with safety, only low income.

Its characteristic is that the income level increases with the holding days, and the expected highest annualized rate of return is 0-6 days 1.2%, 7 days 1.75%, 13 days 1.85%, 14 days -20 days 265438. T+ 1 day confirms the purchase transaction, and T+ 1 day deducts the money. The redemption transaction adopts the principle of "first in, first out", that is, the earliest subscription share is redeemed first, confirmed on T+ 1 day, and received on T+2. Accumulate the number of days each customer orders. When the customer redeems, the corresponding yield file is determined according to the actual number of days of redeeming the share, and then the customer's income is calculated according to the yield of the file actually activated by ICBC every day during the duration.

Extended data:

Financial products are products designed and issued by commercial banks and formal financial institutions themselves. The raised funds are put into the relevant financial markets according to the product contracts, and the relevant financial products are purchased, and the investment income is distributed to investors according to the contract.

The China Banking Regulatory Commission issued the Interim Measures for the Management of the Sales of Wealth Management Products of Wealth Management Companies, which strengthened the management of the sales process of wealth management products, clarified a number of prohibited acts in the sales process of wealth management products, and effectively protected the legitimate rights and interests of investors. These Measures shall come into force on June 27th, 20021year.

Bank RMB financial products can be roughly divided into bond type, trust type, linked type and QDII type.

Bond type: invest in the money market, and the investment products are generally central bank bills and short-term corporate financing bills. Since individuals cannot directly invest in central bank bills and short-term corporate financing bills, such RMB wealth management products actually provide customers with opportunities to share the investment income in the money market.

Trust: trust products guaranteed or repurchased by commercial banks or other financial institutions with high credit rating, and products invested in trust of beneficial rights of excellent credit assets of commercial banks.

Linked type: the final yield of products is linked to the performance of relevant markets or products, such as linked to exchange rate, linked to interest rate, linked to international gold price, linked to international crude oil price, linked to Dow Jones index, linked to Hong Kong stocks, etc.

QDII type: QDII, that is, qualified domestic investment institutions provide overseas financial services on behalf of customers, refers to commercial banks qualified to provide overseas financial services on behalf of customers.

QDII RMB wealth management products, in short, are wealth management products that customers entrust their RMB funds to qualified commercial banks, and qualified commercial banks convert RMB funds into US dollars, directly invest overseas, and after the maturity, exchange the US dollar income and principal into RMB for distribution to customers.

Investment channels

Wealth management products can generally be purchased through commercial banks or non-bank financial institutions.

Channels include: banks, insurance companies, securities companies, futures companies and fund companies.

Emerging channels include: third-party financial institutions and integrated financial service institutions.