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Foreign currency wealth management dollar is still the mainstream

by Victor

In recent years, with the volatility, and overseas asset allocation has attracted more investors’ attention.

The number of foreign currency financial products issued by domestic banks rose slightly from June to September this year, data showed.

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However, industry insiders remind investors, especially ordinary investors, to choose financial management from their own needs, pay special attention to the investment period according to the data published by the Pricy standard, from October 8 to October 14, 2016, the total number of foreign currency financial products issued by domestic banks was 32.

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State-owned banks issued a total of 18 foreign currency financial products, including $9 product, $4 product, $3 product, $2 product.

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Joint-stock banks issued nine kinds of foreign currency financial products, including one Hong Kong dollar product and eight US dollar products.

Municipal commercial banks have issued four products, all in US dollars, and foreign banks have issued one foreign currency financial product, all in US dollars.

According to previously released data, the number of foreign currency financial products issued by domestic banks from June to September this year was 145, 152, 156 and 159, showing a slight upward trend.

Among them, dollar financial products are still the mainstream of foreign currency financial products.

From June to September, domestic banks issued $110, 111, 119 and 110 financial products, respectively.

In addition, the bank also sold a number of Australian dollar financial products.

From June to September, domestic banks issued 18, 21, 19 and 22 Australian dollar wealth management products, respectively.

In general, the return rate of foreign currency financial products is not as high as that of domestic financial products.

According to data from Rong360 Monitoring, the average yield of yuan-denominated wealth management products issued in September was 3.70%, and that of 158 foreign-currency wealth management products was 1.50%.

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