Private Bank PE Products "copy track" quasi new shares

This year, in addition to the fund a pair of multi-household finance, private banking products, another market point of the outbreak is PE.　　CBN has learned from a number of private banks that banks are now developing and preparing the two products to provide more investment channels for private banking clients. Bank of China to sell PE products CBN learned that the Bank of Communications last month issued a PE product "Supreme 2nd", the product is dedicated to private banking customers, to a currently in the listing of the guidance period will be listed in the SME company.　　"Supreme 2nd" investment period of 5 years, but the product may be terminated in 2-3 years, depending on the company's final market time, the listing can be sold after the stock, the product immediately terminated. "Supreme 2nd" before the release, Bank of communications private banks to the willing to buy private banking clients for a long period of time to understand customer risk tolerance and preference, and finally in the national scope of 300 private bank customers to the "Supreme 2nd" for the sale.　　The sale scale is 100 million yuan, each private bank customer investment amount is at least 1 million yuan. "Of course there are customers who buy more than 8 million of the money."　　"Bank of Communications Private Bank, Guangdong branch of the private banking adviser Wang Zhao to CBN introduction." According to CBN, the Bank of communications issued "Supreme 1th" PE products to private banking clients before 1.5, the first PE product for the national private banking sector.　　The "Supreme 1th" investment period is also set to 5 years, the product can be terminated prematurely.　　However, the "Supreme 1th" and "Supreme 2nd" two products in the design has changed greatly. PE product design Changed "supreme 1th" distribution, selected more than 10 commercial banks will be listed as candidate investment target, and finally identified 5 commercial banks embedded products. This type of investment is similar to the two PE products issued by China Merchants Bank in the first half of this year.　　It can be said that China Merchants Bank in the distribution of two PE products, to a certain extent, for reference to the existing experience. China Merchants Bank issued in early April PE products, at least 5 enterprises, "not less than 5, it may be 10~30 home." This is to diversify the risk of a product because it is too risky to invest in an enterprise. The choice of enterprises a little more, as long as there are a few can be listed in the future, can make the product to achieve higher returns.　　Cai, deputy general manager of China Merchants Bank's private banking department, said. and "Supreme 2nd" is to simplify, only select a listed in the guidance period of the company as the investment target.　　Would it be more risky to design a product? It is understood that the Bank of communications is aware that the company is in the listing period before determining the design of the product. Wang Zhao said: "This is a company we selected in a number of companies, is the most confident of the listed companies, so the risk is manageable." In the listed company, the sponsor can see its detailed financial data, easy to study. But previously issued PE products, a pile of companies to be selected, if not through the listing of counseling period, will not see data, such asThe fruit market is blocked, the product drags the time is also very long. "Wang Zhao Introduction, 1.5 before the" Supreme 1th ", and there is no domestic private banking experience can be used for reference, there is no standard products as references, so I would like to choose more than more than 10 commercial banks as investment target to control risk.　　And after the issue of "Supreme Number 1th," PE product selection of the enterprise at what stage of development, the hope of listing, accumulated a certain experience, can help shorten the selection of investment target time, also can save investment time, for the issue of the size of the ceiling also easier to control. The "Supreme 1th" has not yet expired and the current yield is up to 50%. CCB, Citic Bank and China Merchants Bank related Personage also said that the bank high-end customer demand for PE products is very exuberant, are brewing and ready to issue new PE products.