RMB Money Market Exchange Fund Trading

The London Stock Exchange Group recently announced that Britain's first Renminbi qualified foreign institutional investor (RQFII) money market exchange fund was officially listed on the London Stock Exchange, which is also the first European type of investment product.

The LSE said this

It will provide entry to China for institutional investors and individual investors.

The opportunity will be settled in Renminbi, sterling and euros.

On the same day, Jiayin International Holdings Limited also issued a statement that its Ccb International Asset Management Ltd would act as the fund manager.

Jiayin International said in a statement that the fund will fill London.

The gap of market funds provides diversified options and solutions for local enterprises to use idle renminbi funds and liquidity management efficiently and conveniently.

In the long run, the fund will also help improve the utilization and recognition of RMB in the European market, thus creating a "complete and sustainable" environment for RMB business.

Data show that as of the first half of 2014, the total amount of RMB deposits in London amounted to 25 billion 400 million yuan, an increase of 74% over the end of 2013.

Among them, the scale of RMB deposits in corporate accounts rose to 16 billion 700 million yuan.

In addition, there are currently 4 RMB qualified foreign institutional investors exchange funds listed on the LSE.

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As for the recent changes in the bank financial market, the analysis shows that this trend is mainly due to the fact that monetary policy is still at a loose stage. The expectation of lowering interest rates makes the cost of capital go down steadily. This is also the main reason leading to the decline of bank financial returns.

On the one hand, the yield of guaranteed financial products is decreasing; on the other hand, the reporter has found that the market is not short of high yield floating financial products. The wealth investment research data show that the difference between the yield of the guaranteed and floating financial products is fluctuating in the near future. The difference between the yield rate fluctuates between 0.5%~1.4%, and the average yield difference in March is near 0.8%.

"Capital gains are linked to interest rates and reduced interest rates, so it must be the proceeds above the current certificates of deposit, rather than guaranteed capital management. Under the market interest rate downtrend, banks should attract customers and drain some customers back to retain certain competitiveness when the P2P product returns are high."

A Guangdong financial industry insider who did not want to be named yesterday said in an interview yesterday.

The report of the 360 financial release pointed out that after the Spring Festival, investors gradually returned to the financial market, and the market funds remained loose. The expected yield of financial products will continue to keep downward. In March, it is likely to fall below 5.1%, and the probability of breaking 5 in the two quarter will be greater.

For the recent changes in the bank's wealth management market, preferred wealth senior financial manager Deng Ya believes that from the perspective of future financial products, the yield of guaranteed financial products will also go down in the future, and the yield of floating financial products will follow the market changes. For example, with the improvement of the stock market, the yield of financial products linked to the stock market will go up step by step, which will also widen the gap between the yield of guaranteed financial products and floating financial products.