New Issue of Convertible Bond Today, Top-grade Investment Opportunity! Convertible Products to be Phased Out in Large Scale by End of June
Overnight Market Situation
A-shares Hotspots: 3.5% Guaranteed Rate Life Insurance, Promoting Consumption, Fund Companies Relaxing Limitations, Hong Kong Stock Market Dual Trading Mode
Relieving Debt Pressure, 3.5% Guaranteed Rate Life Insurance to be Phased Out by End of June
In recent research and understanding, the incremental term life insurance product with a guaranteed rate of 3.5% may cease sales in large scale by end of June. Industry insiders believe that lowering the guaranteed rate may help alleviate debt pressure on insurance companies. After the guaranteed rate is lowered, products such as divided profits insurance may take over.
Lowering the guaranteed rate means we will receive less benefits. Fifteen years ago, the guaranteed rate for investment-linked insurance was 8%, and if you had bought it then, you could lock in an 8% interest rate for life. Even during the previous wave of insurance redemptions, there was a 4.025% interest rate. Now, with a guaranteed rate of 3.5%, our benefits will gradually decrease... You can now see that the guaranteed rate is approaching 3.5%, and perhaps in another year or half a year, it may become the ceiling for us to see.
However, from a long-term industry development perspective, lowering the guaranteed rate also maintains the overall health of the insurance industry, as it gives policyholders a higher terminal yield rate. For insurance companies, their investment returns must be above 5% in the long run, considering operating expenses and other factors. In recent years, we have all experienced various difficulties.
As consumers, we can only seize the moment and cherish what we have now.
For specific product choices, please refer to: What to do with your savings after the interest rate hike?
A series of policies supporting consumption are expected to be introduced, Consumer Goods Industry is expected to receive support
Zhang Jian, a spokesperson for the Ministry of Commerce, stated at a regular press conference that efforts will be made to perfect consumption policies and strengthen inter-ministerial coordination to promote the introduction of supportive policies for consumption.
Since the beginning of this year, the industry has generally recorded healthy sales growth. However, due to market concerns about macroeconomic uncertainty and young people's employment difficulties, consumption remains under pressure. The consumer goods sector has already fallen by 3 years, with many quality stocks having adjusted their bases enough to be well-prepared for the next round of price increases.
Hong Kong Stock Market Dual Trading Mode Shines, RMB Assets Warm Up
The Hong Kong Stock Exchange launched the "RMB-HKD dual trading mode" on June 19th. Industry insiders believe that the launch of this mode will enrich the ecosystem for RMB products, providing more transaction options for issuers and investors, and promoting the internationalization of the RMB.
This dual trading mode takes HKD as its starting point, promotes the use of RMB in HK stock market transactions, and is expected to gradually expand to other stocks and products, such as derivatives or financing activities, laying the foundation for promoting RMB internationalization.
Multiple Fund Companies Relax Limitations, Further Boosting Market Confidence
In recent days, multiple fund companies have announced that they will increase their product limits or cancel large-scale limitations. At the same time, some fund companies have also released self-purchase announcements. Industry insiders believe that these moves are intended to boost market confidence.
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