Original title: By the end of 2019, the balance of China's non breakeven bank financial products was 23.4 trillion yuan
Xinhua News Agency, Beijing, July 16 (Reporter Li Yanxia) A report jointly released by the Banking Financial Registration and Custody Center and the China Banking Association on July 16 showed that at the end of 2019, 47300 non breakeven bank financial products were available in China, with a balance of 23.4 trillion yuan, up 6.15% year on year.
The Financial Market Report of China's Banking Industry (2019) shows that in 2019, the overall financial management business of banks will operate steadily and develop healthily, the remaining balance of financial products will grow steadily, and the issuance of net worth financial products will continue to increase.
The report shows that in 2019, net worth wealth management products raised a total of 50.96 trillion yuan, up 67.49% year on year. At the end of 2019, the remaining balance of net worth financial products was 10.13 trillion yuan, an increase of 4.12 trillion yuan or 68.61% year on year.
From the perspective of the form of raising, the report shows that by the end of 2019, the outstanding balance of publicly raised financial products was 22.33 trillion yuan, accounting for 95.43% of the outstanding balance of all financial products, which reflects the characteristics of financial services serving the vast number of individual investors and promoting the preservation and appreciation of residents' wealth.
The scale and proportion of inter-bank financial management continued to decline. The report shows that by the end of 2019, the balance of inter-bank financial management was 0.84 trillion yuan, a year-on-year decrease of 0.38 trillion yuan, or 31%; Accounting for 3.59% of the balance of wealth management products, down 1.67 percentage points year on year, down more than 19 percentage points from the high point of 23% at the beginning of 2017, effectively reducing risk transmission between banks.
(Editor in charge: Zhang Xin, Tang Lulu)
