The dark set of financial stringent terms of the super high yield a few 0 probability

When the Economic Herald reporter was defeated by the stock market, the earnings of financial products kept on rising. Economic Herald reporter recently found that a number of banks issued a wealth of financial products, the level of income than in the past there has been a larger growth, some of the capital preservation products more than 10%, and the highest one even reached 37% of the staggering level.　　Investors are naturally in the face of such high investment returns but industry experts point out that the main reason for banks to raise returns is to attract money to buy, and whether these products are really going to be able to deliver what they say after they expire remains to be seen. 0 probability of high yield "capital preservation, the return of 13.99%." "This is the expected annual return on a two-year linked renminbi structured investment product issued by HSBC on June 7."　　High returns make it stand out in many of the same products, but the reporter found that investors want to get the highest return to achieve the conditions are really not the general difficulties. According to the product specification, this product is linked to 3 consumer stocks, namely Parkson Business Group Limited, China Agri-Oil holdings and Nike, triggering events that have risen to or exceed 40% per cent of all linked stocks. In the past two years, if the 3 stocks had risen by more than 40% at a point in time, the product would cease to function immediately, with investors earning a 8% return on investment (an annualised yield of 4% per cent).　　And the product propaganda said 13.99% of the income to meet the conditions, the need for the 3 stocks in two years, the worst performance of 1 stocks rose to 39.99%, that is, triggered the event will happen immediately, two years time just ended. To achieve such a condition, in addition to the expectation that the international stock market will keep going well within the product term, and that it requires 2 stocks to co-operate, the other 1 stocks have just stopped at two in the 2-year period at the end of 39.99% years.　　is tantamount to falling pies in the sky. Coincidentally, HSBC June issued another annual income of up to 37% of the capital preservation of financial products, to obtain the highest income conditions more let popularity. The product specification shows that to get 37% of the annual gain, at the end of the 1-year period, the 3 fund indices linked to the product (TRAHK, the FTSE A50 China Index fund and the Singapore Index Fund) rose exactly at the same rate of 37%, so that investors could get an annualised return of 37% of the principal. But how high is the probability of this happening?　　Not to mention that 3 funds represent markets in 3 different regions, the performance is different, only at the end of 1 years, 3 funds at the same time to achieve 37% of the increase, the probability of the occurrence of the same as throwing a coin, neither positive nor reverse, but the appearance of upright ——— almost zero. The reporter also noted that the above two products, although the conditions of the highest income is harsh and alarming, but the likelihood of 0 income events is significantly greater. The first product, once it's hooked up to 1 of the stock in twoAfter the expiration of the year, no matter how the other two gains, investors can only get the principal, while the Second product, as long as the 1 of its linked funds in the 1-year period of any period of increase of more than 37%, then the product immediately stop operation, investors get the principal, no gain. Or a lack of money. "It's almost impossible to get high returns, 0 the income situation is very likely to occur, the issue of such financial products is quite a show," a financial industry insider to the Herald reporter, investors if the purchase of financial products, not carefully read the product specification of the proceeds of the calculation rules,　　And just attracted by the high yields the banks are giving, it is likely that they will eventually naught and lose their time and money in vain. Industry Guide reported that such events and not only occurred in HSBC's wealth management products, Hengfeng Bank recently issued a dollar wealth management products, although only 6 months, the expected annual income has been as high as 36%, but to achieve such a return to achieve the conditions are people to laugh and cry. Herald reporter noted that the link ZTE (763.HK), Weichai Power (2388.HK), China Aluminum (2600.HK), nine Dragons paper (2689.HK) 4 Hong Kong stocks of wealth management products to achieve 36% of the annual income, Stock prices that require the worst performance during the 6-month observation period are no less than 4.29 times times the initial price. "To allow 1 stocks to rise more than 429% in 6 months is a rare phenomenon in the market, let alone 4, and if there is a real possibility of such a situation, it would be better to buy the 4 stocks directly more affordable, after all 36% and 429% of the difference is still very large."　　said the person. So since the probability of a product getting high yields is so low, why does the bank have to launch it? Wu Yugang, professor of finance and Finance College of Shandong School of Economics, pointed out that there are two main reasons for this situation, one is the recent high domestic CPI, domestic inflationary pressure is increasing, residents are unwilling to deposit their savings into the bank, bank loan ratio to the red line, in order to protect the effective inflow of funds,　　Banks will attract investors by improving the profits of some of their wealth-management products. Second, the domestic financial market competition is increasingly white-hot, banks in order to attract customers, have to "high income" on the fuss, leading to the above "0 probability of high income malformed financial products" appeared. Tian Jie investment finance products analyst Li Gang said can be from the distribution of financial products to see some of the industry's thirst for funds, "the former property control policy has led to the financing of developers, a large number of real estate trust products have increased the income, and increase the circulation, of which in the first half of June a total of 35 collection of trust products issued, Real Estate Trust products for 17, accounting for nearly 50%. The emergence of these ultra-high-yielding products now shows that the banking industry has entered a white-hot phase in the competition for deposits. "When buying High-yield wealth management products, investors must ask professionals to analyze them carefully before making a decision," Li said.Pie thing.