Now that the cost is getting higher and higher, and the loan is nowhere to be released, the bank’s profits are getting thinner and thinner, and reform is imminent. After 15 years of deep-rooted banking industry, the roots of the state-owned enterprise system will undoubtedly lead to difficulties in the reform of the banking industry. The pressure of transformation has forced the scale of bank outlets to decrease drastically, and the brain drain and income have fallen sharply.
In the fifteen years that accompanied the workers, we shared the joy of stepping into the top ten in the world, and witnessed the process of becoming a “vulnerable group”. Under the circumstance, I am determined to leave the bank. All of this is just a decision of the times. Moreover, I don’t think this is an uncertain way to abandon the golden rice bowl. For me, this is a trend and an imperative decision. (Fanhua FortuneFortune Center Fanhua Finance)
First, I have been in ICBC for fifteen years.
I graduated from school in 2001 and entered the “bank”, one of the most authoritative institutions in the financial industry of that era. That was my first job and the only job in my youth in the past fifteen years.
Like most young people working in banks, the first position to be employed is a bank teller, responsible for personal settlement. When I first went to the cabinet, I didn’t understand a lot of business, but other tellers were very busy and didn’t care about you. The customer shouted the throat, and you were anxious to drop the keyboard, but they could only fight and follow the notebook, not a trace. careless. Every day, the spirit is highly concentrated and tense. When I am in these days, I occasionally complain, but the ability to maintain clear thinking and execution for a long time under high pressure is developed without knowing it. .
In the short period of one year at the counter, I looked at all kinds of people. I will meet the night-time stall owner who visits every night, and put the stack of tofu blocks with a barbecue flavor and carefully hand it over to my window. I will meet the street performers with a basket of silver coins, let us count the sweat. I will encounter the claws and beat the counter table, and vowed to pursue the “unlawful behavior” of the customer who charged me the card fee. I have also encountered old people who have spent almost every effort to write a word because they are too old. I have personally seen the hardships that every ordinary person has infiltrated. I have been whipping me for more than a decade, and I must maintain awe of money.
Since then, I have been on the credit post and on the account manager for 4 years.
In the eyes of others, the pre-lending suits are very popular with customers, and they are like the words of Sherlock Holmes. They are like the savior and they are like the savior. However, in fact, from the pre-lending investigation to the post-loan management, at the most, one person maintains more than 500 loans at the same time, which is also very heart-rending. After all, the day before the loan, I have to constantly consider the various details of tomorrow. It is easy to sleep unsteadily. I am always afraid of encountering various accidents. It is as if the whole person is relaxed as if they are going out. Of course, these work concerns will continue to decrease as your ability to solve problems increases.
Later, I upgraded from the account manager to the section chief to the president. I began to be responsible for the professional training of risk prevention and control within the bank, and set up an assessment mechanism… while the professional knowledge is constantly improving, the experience of different positions and roles is accumulated. It also makes the blueprint for the future of the financial industry more clear in my mind. (Fanhua FortuneFortune Center Fanhua Finance)
Second, why not put the bank’s golden rice bowl? Do you have to come out and take an uncertain road?
Even now, there are many friends who often ask me this question, they are surprised and puzzled.
They did not know that together with the fifteen years of work, we shared the joy of stepping into the top ten in the world, and I also witnessed the process of becoming a “vulnerable group.”
When it comes to vulnerable groups, everyone may laugh, how can banks be vulnerable? Since last year’s Construction Bank Governor at the Prime Minister’s Symposium, Tucao Bank has been a vulnerable group. Every time he talks about the weakness of the bank, public opinion will not understand. But everyone in the bank knows that it is just the scenery of the past. When the profits of listed banks account for half of the profits of all listed companies, it has already said that the bank’s traditional model has reached its limit. Because it occupies too much profit, it has made itself an object of revolution, and it is very difficult to keep the advantage.
At present, the problems facing China’s banking industry are not only to carry the pressure brought about by the slowdown of China’s economic growth, the contradiction of economic restructuring and upgrading, but also to face the competition of new types of private financial enterprises on the debt side. Today, the bank is actually the situation of Suning and Gome in the early stage of the competition between Jingdong and Taobao.
The growth rate of listed banks is very telling. If you consider a listed bank as a whole, you will find that its growth rate is falling rapidly year by year. The previous year was double-digit, last year was a single number, and this year is likely to be negative growth. The increase in these profits is still after the cover-up (with profits written off) bad debts. Once the profit is negatively increased, the disclosure of bad debts will become more apparent and the risks will accelerate. In the first half of last year, the balance of non-performing loans of commercial banks nationwide has reached 1.09 trillion, surpassing one trillion for the first time. In some joint-stock bank branches, the non-performing loan ratio has exceeded 5%.
At the same time that non-performing loans soared, many banks could not find their investment direction because they could not find reliable assets. Real estate as an industry has been abandoned by banks. Last year’s stock market crash caused banks to dare not get involved in the capital market. The funds invested in the bond market are increasing, which promotes the bull market in the bond market, but the current valuation and leverage level. In view, the risks are already relatively large. Banks can’t find assets, which is a big problem that plagues them.
On the one hand, the pressure on the asset side is huge. On the other hand, Internet finance companies such as Tencent and Alibaba, even if they do not need to open bank outlets, can attract a large amount of low-cost funds through mobile phone clients. The interest rate on deposits has been continuously lowered, and the phenomenon of bank deposits moving has intensified. Perhaps after a few years, most bank demand deposits will be replaced by money depositors. The cost of bank liabilities is also getting higher due to fierce competition in the market.
Now that the cost is getting higher and higher, and the loan has no place to be released, the bank’s profits will only become thinner and thinner, and reform is imminent. After 15 years of deep-rooted banking industry, the roots of the state-owned enterprise system will undoubtedly lead to difficulties in the reform of the banking industry. The pressure of transformation has forced the scale of bank outlets to decrease drastically, and the brain drain and income have fallen sharply. In my opinion, in the next five years, or even longer, the development of the banking industry can only adopt a defensive.
Under the circumstance, I am determined to leave the bank. It’s like an adult ceremony, grateful to ICBC who has enlightened me on my career path, helped me grow, and gave me wings.
All of this is just a decision of the times. Moreover, I don’t think this is an uncertain way to abandon the golden rice bowl. For me, this is a trend and it is imperative. (Fanhua Fortune Wealth Center Fanhua Finance)
Third, the Nuggets wealth management industry
In the past few years, I have been in contact with many of my peers in different segments of the financial industry. I found that from 2010 to 2015, everyone earned more than in the past 30 years. The national disposable funds and deposits continue to increase, and the demand for investment by the people continues to expand. However, it is precisely with domestic investment channels, product lines are single, national financial quality is not high, and information asymmetry has formed a huge deficit.
Those who have completed the accumulation of wealth, they need some truly professional people to provide them with reliable wealth management services.
Therefore, the wealth management industry has continued to thrive in the past two years. But there are also a lot of companies that have tried to misbehave and have evil thoughts. They use the money of investors to create a resounding brand, deceive some customers who do not have professional knowledge, and come up with assets that they can hardly earn to invest in their black hole that they are trying to escape by financial scorpion.
However, I believe that after the laws and regulations have been improved and the industry as a whole has been purified, some wealth management companies with relatively large scale and stable style will take the lead to become the “top pillar” of the industry, and will also become a solution to narrow investment channels and investment. A bridge of the above problems, such as prosperous demand. Providing a series of specialized financial services for large capital and high-end customers, and also solving the problem of financing difficulties for enterprises, the three parties have a win-win situation, each needs and cooperation space is broad. Therefore, the wealth management industry will be a promising “sunrise industry”.
I believe that all the greatness is brought out, not by money, especially in finance, through the cycle, in order to realize the true value. (Fanhua Fortune Wealth CenterFanhua Finance
4. Why choose Pan-China Fortune?
Every executive who works in a bank is expected to receive calls from countless headhunters every year in March and April. There are countless high-quality opportunities in the headhunting, countless attractive salary, but the financial people who really want to have a certain degree in the industry will not be moved by the superficial phenomenon. After all, it is a very worthwhile thing to get rid of a golden rice bowl to embrace an unknown future. In particular, the atmosphere of the entire financial industry is now relatively low-lying.
After I decided to leave, I used more than half a year to learn more about ten wealth management companies in Guangzhou through field trips, peers, and consultations with in-house employees. Finalize the wealth of Pan-China!
Perhaps “not a family, not a family door”, Fanhua’s wealthy and low-key corporate culture is similar to my work habits and styles.
Founded in 1999, Fanhua United Financial Services Group was split into Fanhua Insurance Service Group and Fanhua Financial Services Group in 2004. Fanhua Insurance Services Group is already the largest insurance intermediary in China and was listed on NASDAQ in 2007.
Fanhua Fortune is an important wealth management and asset management unit of the Pan-China Financial Group, which provides wealth management and standardized asset management services to high-net-worth clients.
As of June 2016, it managed more than 44 private equity funds, and the total amount of assets involved in asset management reached 15.5 billion yuan, and the accumulated revenue for customers exceeded 1.3 billion yuan.
The loan terminal only provides mortgage loans for those who have housing, and the small amount and scattered flow to 23 large central cities across the country. Unlike banks, the Pan-China Gold section does not issue credit loans, and thus guarantees more than ten years of operation time. The bad debt rate is no more than 1%.
In China, under strict foreign exchange control, most of the capital flow cycle is concentrated in China. The limitations of domestic investment tools have led us to discuss wealth management in China at this stage, and to a large extent discuss the institution that manages wealth management. Does he have enough good products to offer their customers choices?
The general investment of fixed-income products is the category of creditor’s rights. It is necessary to do a good job of debt-based products, or have enough high-quality debt assets on hand, or … no second. From this perspective, the risk control of Pan-China Wealth on the loan side is comparable to that of banks. It is the capital for them to provide high-quality fixed-income products and the cornerstone for providing quality wealth management services.
Yes, in today’s many peers in the brand awareness, wages on the career development prospects, I chose a company with a public reputation may not be so high, investing in their own future. However, the 15-year industry precipitation has made me clearly realize that only companies with strong capital operation ability, strict risk control, and financial management can stand out after the laws and regulations have been improved and the industry as a whole has been purified.
And this is the real reason that really attracted me to let go of the “Aura of the President” and chose the wealth of Fanhua and went to the gold industry of wealth management.
Fanhua Fortune Wealth Center Fanhua Finance Fortune Center_Asset Management