The market is shocked! Can the thunderstorm of Zhongrong Trust be saved?

The market is shocked! The thunderstorm situation of Zhongrong Trust is hopeless.

On August 10, the news about "Zhongrong Trust products suspended payment" was reported by social media, and the rumors further fermented the next day, even saying that the scale of products involved in Zhongrong Trust was as high as 600 billion yuan, affecting many other trust companies. On the evening of August 1 1, listed companies Jinbo (688598) and Du Nan Property (603506) also announced the overdue payment of Zhongrong Trust products.

If you want to understand the impact of "Zhongrong Trust" on the market, you must first understand the nature of trust. Trust refers to entrusting one's own assets to a third party for management, helping one to increase wealth and gain income. After understanding the trust, we will find that the state has very strict management of trust institutions, especially Zhongrong Trust, which is a very powerful company among domestic trust enterprises.

Why are there thunderstorms? In fact, this is precisely because of the extensive trust investment. Trust is a basket. The specific investment value of this "basket" depends on what is inside. Some trusts, the underlying investment is mainly investment funds, which will be relatively stable; And some trusts, underlying investments, are projects of a non-listed company or real estate projects. If the project behind it is poorly managed or defaults, there will naturally be risks.

If we carefully split the investment of Zhongrong trust products, we will find that most of them are related to real estate, which can be said to cover real estate projects all over the country. However, in recent years, the "red line" of various policies has been tightened, coupled with the economic downturn, declining income, lack of confidence, the market has continued to fall, and a large number of real estate projects have been thundered. As a result, the quality of the underlying assets of Zhongrong Trust has declined, and the rate of return has declined, which makes it impossible to match the high returns that trust products need to pay. Finally, the capital chain was broken and the trust products could not be paid on time.

After the Zhongrong incident, everyone is most worried about whether there will be a chain reaction, which will affect their own stocks and funds, and even the whole market will face a collapse. First of all, in the products of Zhongrong Trust, there is redemption risk, and some investors worry that other trusts may have similar risks. Many trusts have taken action.

Secondly, according to the ranking of Yiyi Trust Network, the total assets of Zhongrong Trust ranked ninth among trust companies, with a comprehensive ranking of 1 1, but not before 10. Under the background of increasing financial supervision and risk prevention in recent years, the default of some products of Zhongrong does not mean that the overall risk of the trust industry is greater, and it may even lead to systemic risks in the financial industry.

Finally, the listed companies that buy Zhongrong Trust products are mainly small-cap enterprises, and they are mainly concentrated in the auto parts and chemical pharmaceutical industries.

Therefore, under the background of strong financial supervision and risk prevention, the situation of other companies is relatively stable, and the impact of Zhongrong Trust's default on A shares is more emotional than substantive. At present, the market decline is only a short-term emotional disturbance, and investors should pay attention to the fundamentals of funds and stocks themselves. As long as you buy investment targets with good fundamentals, it will not be greatly affected.