First report the issuing bank product issuing rules changed

Zhanyan recently, due to the domestic banking financial products turmoil, regulatory authorities to adjust the personal wealth management products to sell the report procedures.　　In the future, commercial banks will be ready to sell their financial plans within 5th of the original sale, and return to the previous 10th before the release of the report.　　And last April, the CBRC issued the "notice on further standardizing the management of personal financial affairs of Commercial banks", the background is not the same, the fuse of the incident by "0 of income" products into the capital of the high risk products. Reporter understands that since November 2005, the CBRC's "Commercial Bank personal financing business management interim measures" 52nd stipulates: for financial products to take the examination and approval and the report of two types of reporting, for only the products to be prepared, Commercial banks should submit the relevant information to China Banking Regulatory Commission or its dispatched agencies by 10th before the sale plan.　　After the end of 2007, the clause was modified to be submitted within 5th after the product was sold. At the beginning of this year, the news of the Koda products of some foreign banks ' high-end customers was overwhelming, and for a time, the case of investors ' heavy losses and even forced to stand in court began to surface. At the same time, according to the Puyi wealth of regular reports, this year, the failure to achieve the maturity of the majority of products are structured products, the financial products faced by the market risk is still quite prominent. "Financial products because the risk is too high to be called off the case has long existed, but it can be foreseen that the notification issued after the issuance of the product of the bank's procedures will be inverted, the product because of the risk is too high to be stopped the possibility of increased."　　"Puyi Wealth expert analysis. In addition, the notice will be the product issue of the audit authority to recover, provisions from the head office to the CBRC to submit relevant materials, and local branches no longer enjoy the right to authorize the Declaration. "This is an adjustment in the industry, the rules are more rigorous, although the process of issuing products will be slightly more complex, but does not affect the recent sale of products, and will not affect the yield of products."　　"China Merchants Bank, a product manager told reporters. Indeed, in the aftermath of the financial turmoil, commercial banks, especially Chinese banks, have become more conservative, and credit-asset products, which have repeatedly lowered their expected yields with the central bank's benchmark interest rate, have not affected the enthusiasm of bank issues and investor subscriptions. "Some corporate customers are more sensitive to the market, than the individual customers to accept the relevant product yield adjustment earlier, and individual customers are gradually accepting the current level of income, builders."　　王欣, the product manager of the investment banking Department of Huaxia Bank, said. "Strengthening regulation is certainly beneficial to our investors, so it is the biggest wish of ordinary investors to keep their pockets at the moment." "A middle-aged investor who consulted at a banking network at the bank said frankly. "For those products with complex design, limited profit and unlimited risk, we would like to try not to send or receive less and not to be at the ordinary counter," he said. ”