It is really not easy to manage money now. All kinds of business risks, stock market fluctuations, easy to lose money. Many small partners are worried about the safety of funds and want to buy the products they just changed. However, it can't be empty talk, it depends on whether there is national policy support. In China, there are three types of financial products that can be redeemed, namely national debt, deposits and ordinary life insurance. Treasury bonds, issued by the Ministry of Finance and endorsed by the state credit, are undoubtedly redeemable. Bank deposits and ordinary insurance products can be redeemed because there is another mechanism to protect them.
The first is that the bank deposits and insurance products purchased by investors are financial management contracts signed directly with banks and insurance companies, and banks and insurance companies should strictly follow the contracts. Keeping promises is essentially the money we lend to institutions. Although banks and insurance companies will also invest with everyone's money, as long as the institution has not closed down, it will pay back the money according to the contract when it expires, and there will be no situation in which the institution says that the investment has lost money and owes money. However, wealth management products are different. These contracts are entrusted investment agreements, and financial institutions are only intermediaries and have no responsibility for taking risks. If there is something wrong with the invested assets, our funds will also be implicated. So when buying wealth management products, you have to understand what kind of contract you are signing.
Second, some small partners are also worried that although the contract has been finalized, financial institutions have closed down. What should we do if there is no money? In order to solve this problem, the state has also established a corresponding bottom-up mechanism. The banking industry is called deposit insurance fund and the insurance industry is called insurance protection fund. The operation mode is very similar, that is, all institutions in the whole industry pay premiums regularly according to the scale of business, forming a large fund. If the institutions are poorly managed, these two funds will protect the rights and interests of investors. Of course, it is not infinite. For banks, it only excludes deposit wealth management products with individual depositors below 500,000. For insurance, only those parts of the contract that have certain interests, such as investment-linked insurance, dividend insurance and universal insurance, are not guaranteed. As the core of financial institutions, banks and insurance companies have stronger policy mechanisms and are safer and more stable than other financial institutions.
Third, you may worry, can these two funds survive? Let's look at the size of the two funds. By the end of 20021,the deposit insurance fund was 96 billion yuan, and the insurance guarantee fund182.9 billion yuan. You may think it is a little small, but don't forget that the closure of these institutions is not worthless. The guarantee fund only needs to make up the difference, which is more than enough, and its scale is still growing.