At the end of the year, the “gray business” of impulsive storage is getting the bottom line: there are fewer openings, and the price of funds has plunged

  Our reporter Liu Qi

  Trainee reporter Yang Jie

  The end of the year is approaching, and the time deposit assessment has become a "must-answer question at the end of the period" for commercial banks, and the activity of fund brokers has increased significantly.

Recently, the "latent" group of money brokers by a reporter from the "Securities Daily" has been extremely lively, with multiple brokers posting news about impulse fixed deposits every hour.

At the same time, starting from December 15th, many brokers among the reporter's WeChat friends have released year-end impulse information in their circle of friends, and since this week, they have posted more than one in one day.

  In fact, it has become a "hidden rule" of the banking industry for many years to choose discounted interest impulse at the end of the month, the end of the quarter, and the end of the year.

This behavior has clearly disrupted the normal financial order, and the regulatory authorities have already noticed it, and have successively issued a number of policies to restrict the "time-shifting" behavior.

  However, judging from the current activity of money brokers, this gray path has not been completely cut off.

However, there are brokers who said that “the number of bank openings has decreased, and the price of funds has “dipped” to less than half of what it was at the end of last year.”

This may also show from the side that the compliance awareness of bank branches and bank employees is increasing.

  Brokers are highly active at the end of the year

  There is a unified "jargon"

  "Securities Daily" reporters joined a "impulse fixed deposit group" QQ group at the beginning of this year, with more than 400 people in the group.

The reporter noticed that at the beginning of December, there were about dozens of people online in the group every day, and they mainly released some daily sunshine information.

But as the end of the year approaches, the number of online users in the group has also increased. At 14:00 on December 29, the number of online users exceeded 200 at one time.

At the same moment, the number of online QQ groups of another 1,700 people in the "National Impulse Fixed Deposit" QQ group reached 500 people.

  The reporter noticed that most of the recent news released by the money brokers point to the year-end impulse. They have a unified "jargon" and the main structure is: bank + port size + time.

Take the message posted by one of the brokers in the group as an example, "A certain state-owned bank, 200, 31-1, has funds to come", the translation means that the large state-owned bank needs a capital of 2 million yuan, 12 Deposited in the bank on 31st January, and can be withdrawn or transferred on January 1, 2022. Everything is ready and only owed funds.

  The information released by brokers generally does not clearly contain interest rates, which makes it necessary for interested parties to chat with them privately.

The "Securities Daily" reporter falsely stated that "the boss of the company has funds" added a broker Wang Pan (pseudonym) who announced a fund of 5 million yuan.

The reporter said that he doesn't care which bank it is, as long as the interest rate is high.

The other party replied: "It's not high right now, it will be 8.5 million (daily interest) at the end of the year."

  The current benchmark annual interest rate of demand deposits is 0.35%. More intuitively speaking, the same is a 1 million yuan deposit. The average bank demand deposit for one day's interest is about 9.6 yuan, and through Wang Pan's impulse to the bank for one day, you can get 850 Yuan interest.

  Changes in the assessment rules of some banks

  Decrease in impulse demand at the end of the year

  The reporter found that the current interest rate has dropped compared with previous years. When asked about the reason, Wang Pan said, "Recently, there are fewer openings, and the price has'dipped'."

  Regarding the reason for the lack of openings, a reporter from the Securities Daily got a clue from another broker, Xu Yang (pseudonym)-"Some major state-owned banks do not assess the scale of deposits at the end of the month."

When the reporter consulted him as an intermediary, the order price he gave was "9 million to 9.5 million."

  Ample inter-bank liquidity may also be one of the reasons.

In order to maintain stable liquidity at the end of the year, the People's Bank of China (hereinafter referred to as the "central bank") intensified its open market operations. From December 27 to 29, it carried out reverse repurchase operations of 50 billion yuan, 200 billion yuan, and 200 billion yuan. , A total of 450 billion yuan was invested.

In the same period, the maturity of reverse repurchase was 30 billion yuan, so a net investment of 420 billion yuan was realized.

From the perspective of interbank lending rates, data from the National Interbank Funding Center China Currency Network showed that on December 29, the overnight Shibor (Shanghai Interbank Offered Rate) was 1.343%, the lowest level in the month.

  Dong Ximiao, the chief researcher of Merchants Finance and a part-time researcher of the Institute of Finance of Fudan University, said in an interview with a reporter from the Securities Daily that overall, the impulse phenomenon has been declining in recent years. On the one hand, the regulatory authorities have strengthened the assessment of deposit deviation. ; On the other hand, the regulatory authorities have also strengthened the supervision of deposit interest rates, standardizing the order of competition in the deposit market, and the phenomena of high interest rates for deposits and impulse have been strictly constrained.

  In June 2018, the China Banking Regulatory Commission and the Central Bank issued the "Notice on Improving the Management of Deposit Deviation Degrees in Commercial Banks" (hereinafter referred to as the "Notice") to further strengthen the management of deposit deviation degrees.

Simplify the calculation method of the indicator value, adopt the same indicator calculation standard for the quarter-end months and non-quarterly months; adjust the regulatory indicator value from the original 3% to 4%.

  A staff member of a bank in Beijing admitted to a reporter from the Securities Daily: “Our bank has long stopped buying deposits. The assessment indicators have changed, and the temporary impulse at the end of the year is meaningless.”

  For banks, the amount of deposits at special nodes cannot represent the normal daily average deposit level, and such impulse deposits often come and go quickly. Not only can it not effectively increase the scale of deposits and increase the sources of funds for the real economy, but it will lead to the financial system. The instability of Chinese funds and inaccurate statistics.

Moreover, the bank's use of brokers to solicit reserve impulse is itself a violation of regulations.

The "Notice" clearly stated that commercial banks should further regulate deposit-taking behavior, and must not take deposits through third-party fund intermediaries such as individuals or institutions.

(Securities Daily)