基本观点近期银行理财产品市场上,短期现金管理产品优势凸显,成为各行提高理财业务收益的新路径,区域性产品发展势头依然强劲,保本型产品渐成市场新宠,创新成为同业扩大市场份额的核心动力。银监会明显加大了对商业银行个人理财业务的监管力度,尤其是产品认购起点的提高、报表核算方式的改变以及对投资范围的严格限定等将对理财业务的种类结构、客户结构和收益水平产生重大影响。 Fundamental Views Recently, the advantages of short-term cash management products in the bank’s wealth management products market have become prominent and become the new path for all banks to increase the returns on wealth management. The development momentum of regional products remains strong. Guaranteed products have become the new darling of the market and innovation has become the core of expanding their market share power. The CBRC has obviously stepped up its supervision on the commercial banks’ personal wealth management businesses. In particular, the starting point of product subscription, the change of accounting statements and the strict limits on the scope of investment will result in the changes of the type structure, customer structure and income level of wealth management businesses Tremendous influence.