Depositor friends should pay attention to these three practical problems from 2024
Attention savers! From 2024 onwards, this must be taken seriously"Three realities"！
In recent years, with the continuous changes in the economic situation and policies, savers have become increasingly worried about the future financial environment. For some conservative investors, it is inevitable to feel confused and worried in the face of the upcoming changes.
For example, Aunt Wang, a retired teacher, is a typical conservative investor who is used to keeping most of her money in the bank. After hearing that there would be significant changes in the financial markets from 2024 onwards, she went to the bank for professional advice.
While explaining the future changes to Aunt Wang, the staff also reflected on the deeper meaning of these changes. It turns out that depositors will have to face it from 2024"Three realities"In fact, it is a reflection of the development of the financial market and the changes in the socio-economic environment.
First of all, the popularity and application of digital currency means that the traditional way of storing and trading money will change;
The main effects on the general population are as follows.
1.Easier to trade. By using the digital yuan, people can make transactions and payments without leaving their homes, which is faster and more convenient. This helps to make people's lives more convenient.
2.Transactions are more secure. The digital yuan based on blockchain technology can effectively prevent counterfeiting, reduce fraud in transactions, and ensure the safety of funds. This helps to increase people's sense of security in their lives.
3.Clearer accounts. Each transaction record of the digital yuan can be clearly traced on the blockchain. This will make it easier for people to manage their money, track the flow of money, and avoid illegal use of funds.
4.Smarter wallets. The RMB digital wallet enables automatic bookkeeping and financial management. People can get a clearer picture of their assets and transaction details. This helps to increase people's financial awareness.
5) More types of transactions. The use of the digital yuan is more widespread, not only for local transactions, but also for payments and transfers across the country. This makes it easier for people to travel and do business.
6) Reduce transaction costs. Digital CNY transactions are simple and convenient, with low fees. This will reduce the cost of people's daily life and activities, and improve the efficiency of capital utilization.
However, it is worth noting that the digital yuan will also bring some impacts, such as people's financial management concepts may change; The security of personal information will be more serious; The use of fiat currencies may be subject to certain impacts, etc. Therefore, it is necessary to fully consider the relationship between the digital economy and the real economy, so that people can enjoy the digital dividend while avoiding various risks.
Second, the rapid development of fintech will affect banks' service models and investment methods.
1) Impact on the intermediary business of commercial banks.
Payment and settlement has always been one of the most basic and traditional intermediary businesses of commercial banks. However, in recent years, financial technology characterized by third-party payments and mobile payments has shaken this advantage of commercial banks.
Compared with the services provided by banks, third-party payment and mobile payment greatly reduce costs, and more specialized technologies can efficiently store and calculate customer data and information, thereby more effectively alleviating the problem of information asymmetry.
What's more, fintech can effectively realize payment and settlement anytime, anywhere, in any way, which is more convenient and efficient.
2) Reduce the profit margin of commercial banks.
On the other hand, Internet finance can complete the credit evaluation and credit extension of customers at a lower cost, and provide customers with more economical consumer financial services, which will undoubtedly squeeze and compress the profit margins of commercial banks.
3.Accelerate financial disintermediation.
For example, from the perspective of payment, third-party payment and mobile payment have payment and settlement functions such as collection, transfer, remittance, and automatic account splitting, which effectively replace the traditional payment activities of commercial banks.
From the perspective of assets, the capital needs of enterprises and individuals can be smoothly met and financed through the Internet platform, thereby reducing the dependence on traditional credit from commercial banks.
4.The impact of the customer base.
Internet financing can help solve the financing difficulties of small and micro enterprises and improve the efficiency of financial resource allocation. At the same time, the scale effect that can be formed through Internet financing also indicates that fintech will inevitably bring greater competition to the banking industry.
What's more, for investors, the rapid development of fintech means that people's investment methods will become multi-channel.
Third, changes in the demand for financial products in an aging society will affect savings and investment strategies.
1) Financial institutions continue to innovate products and increase the variety of financial assets.
With the continuous development and maturity of the financial market, compared with individual family investors, financial institutions have the advantages of large-scale and professional operation, which can improve investment returns while meeting the security needs of the elderly population.
As a result, the older population will be willing to shift some of their investments into institutional investors such as pensions**, life insurance and investment**, thereby incentivizing financial institutions to innovate financial products.
2) The aging population brings with it a greater demand for insurance.
While human life expectancy continues to increase, chronic diseases of the elderly have gradually become an important part of the disease, resulting in a sharp increase in the medical costs of hospitalization and medical treatment for the elderly.
However, the protection of basic social pension insurance is insufficient, and in the case of strong demand for protection, it is necessary to provide diversified pensions for residents who want to live a high-quality life in their old age**.
For example, commercial endowment insurance is a very important financial asset, with loss compensation function, savings function and investment function, can meet the multi-faceted needs of residents for the elderly, there is a large demand market.
However, due to the low awareness of commercial endowment insurance among Chinese residents, the single product, the serious homogenization of the insurance market, the lack of effective policy and legal support, the development is relatively lagging behind, and the chain reaction to the entire insurance market is limited.
In short, the rise of digital currencies and the development of fintech represent a technological revolution in the financial sector that will redefine the way money is stored and traded.
The advent of an aging society poses new challenges to the demand for financial products, which requires financial institutions to conduct more in-depth analysis of the market and innovate products.
We believe that in the face of these new changes, savers need to understand not only new financial products and services, but more importantly, the economic principles and trends behind these changes.
For example, the benefits and risks of digital currencies require both adapting to changes in such services and adapting investment strategies to the trend of an aging population.
This means that savers need to constantly improve their financial knowledge and understanding to adapt to the changing economic environment.
It is only by understanding these changes that savers can better plan for their financial future and achieve steady growth in their personal wealth.
Wan Zi Qianhong said: Every word of the article knocked out my heart, click"On the clock"and let me know that you are also working for life"Do your best"。