The Henan Village Bank incident has caused a lot of commotion recently. I guess everyone knows about it!
This matter will start from August 2020. Thousands of savers across the country have purchased high-interest deposit products from Henan rural banks.
was initially sold through the online marketing platform . Later, after it was removed from the shelves, it continued to be sold through rural banks’ own channels such as mini programs, SMS and other channels.
Rural banks should logically serve local customers. However, rural banks in Henan Province are using the Internet to attract depositors across provinces and cities to save money. Attracting more than 40 billion yuan in gold.
At first, depositors were able to deposit and withdraw money normally, but then the bank said that the system upgrade had suspended the service. Later, some depositors had difficulty withdrawing money, until now it has become a storm!
1
Recently, China Banking and Insurance Regulatory Commission and police investigation reports have come out, characterizing this matter as an "illegal fund-raising" type of fraud case.
html On June 20, Yuzhou Xinminsheng Rural Bank, Zhecheng Huanghuai Rural Bank, and Shangcai Huimin Rural Bank respectively issued announcements stating:
"
"In accordance with the requirements of the financial management department, our bank will carry out online customer funds from now on. Information registration work. All customers who are unable to handle business normally after our bank's online transaction system is closed are required to register. Please fill in the relevant information completely, truthfully and accurately. "
"
Henan Banking and Insurance Regulatory Bureau and Henan Provincial Local Financial Supervision Bureau instruct relevant village banks to closely rely on the local party committee and government, actively cooperate with the public security organs in investigating cases, do a good job in fund information registration and follow-up disposal, and protect the rights and interests of financial consumers in accordance with the law. Legitimate interests. At the same time, relevant people are reminded to cooperate with the information registration work. The
matter can be considered a progress.
2
It’s hard to imagine how these depositors have lived in the past few months?
The difference between this illegal fund-raising incident and other fraud groups is that people deposited their money into legal banks.
5% interest is also a conservative way to manage finances. This is what ordinary people think of as an ordinary and sound financial management method.
What is illegal fund-raising? It has the same nature as the previous P2P and belongs to financial activities outside the financial supervision system .
This incident has been characterized as fraud, which means that this is an unregulated scam. It cannot be called a bank deposit explosion, but should be called "illegal investment deception."
I guess there are many friends who buy bank deposit products because of the guarantee of "guaranteed deposit and 500,000 compensation".
Let’s talk about “ Deposit Insurance Regulations ”.
In China, both large and small banks have deposit insurance regulations to protect them.
Many people think that bank deposits are safe because there is "deposit insurance" as a guarantee at the bottom. If an accident does occur, the deposit insurance will protect the safety of principal and interest within 500,000 per person and platform.
For example, if a certain bank is really hit by a thunderstorm, as long as your principal and interest do not exceed 500,000, the deposit insurance will be responsible for the payment.
In addition to bank deposits, there are two financial products that can protect capital for ordinary people.
That is: national debt and savings insurance
1, national debt, backed by national credit endorsement
2, insurance products such as increased whole life and annuity insurance are also not affected
"
According to Article 92 of the "Insurance Law" (Legal Article Attached) stipulates that once an insurance company goes bankrupt or closes down, there are two solutions for the insurance policies in people's hands:
1. Transfer them to other insurance companies that are willing to take over for mergers and reorganizations;
2. If no other insurance company is willing to take over , It doesn’t matter, the State Council will specifically designate a powerful insurance company to take over.
”
In short, there will definitely be a new company to take over, whoever takes over will be responsible, the policy will continue to be in effect, and the contract will continue to be executed according to the original terms.
Therefore, policyholders do not have to worry about no one being responsible for their policies because the original insurance company goes bankrupt.
What is the safety index of insurance companies?
China's my country Insurance Regulatory Commission uses the risk-oriented "Second Generation Solvency Supervision Rules", which is referred to as C-ROSS in the industry. This set of solvency tests is very stringent.
Insurance companies must pass stress tests at the end of each quarter and every year to ensure that they have sufficient solvency no matter what happens. Each insurance company must ensure that its solvency is above 100%, which means that it can 100% pay claims on all current policies.
So if you are considering a mid- to long-term deposit plan, you might as well consider increased whole life and annuity insurance.
It can not only lock in 3.49% compound interest, but also like this 's golden incremental whole life insurance , the cash value is written into the contract, locking in lifetime income, growing steadily, and resisting risks.
