Selection of risk indicators for wealth management products
The risk of personal wealth management products of commercial banks can be divided into the following three types according to the main components of personal wealth management products: one is the field risk of the basic assets of wealth management products; the other is the hidden payment risk in the payment contract; the third is the commercial bank. Investment management risk.
Field risk of basic assets Field risk refers to the price of wealth management products, which affects the price of wealth management products. Field risk is the risk that any kind of wealth management products will face, but it can take certain measures to avoid risk management and management. The field risk is specifically broken down into the following categories:
1 Interest rate risk Interest rate risk refers to the risk that the investor's investment income is uncertain due to changes in the field interest rate. The interest rate is the price of the capital, which is constantly changing as the environment changes, and different underlying wealth management products are affected by different interest rates. For example, if the investment in the underlying assets is credit assets, bills, etc., the wealth management products associated with the benchmark interest rate will be more affected by the interest rate level. For wealth management products whose investment target assets are bank or commercial acceptance bills, they are greatly affected by the level of rediscount interest rates. Therefore, when evaluating financial products with different types of underlying assets, different interest rate risks should be used for evaluation.
2 Exchange rate risk Exchange rate risk refers to the risk that the price of a bond or debt expressed in foreign currency changes due to the uncertainty of exchange rate changes, which in turn will cause loss to investors' income. Exchange rate risk is generally used to evaluate foreign currency wealth management products. In particular, with the increase in the appreciation pressure of the currency and the increase in exchange rate flexibility in recent years, investors who invest in QDII products with foreign currencies such as US and Europe will face greater exchange rate risk.
3 Stock Risk Stock risk refers to the risk of losses to investors due to adverse changes in stock prices. Among bank wealth management products, wealth management products facing stock risk are mainly new-stock subscription wealth management products and stock-related structured wealth management products.
4 Commodity price risk Commodity price risk is the risk that the price of wealth management products fluctuates due to field factors or other factors, which may cause losses to investors' income. 5 Credit risk Credit risk refers to the borrower's failure to be timely due to various reasons. Repayment of debts and default or loss of credit quality, which in turn poses a risk of loss to investors.