Looking back on the past 2019, compared with the 5% and 6% yields of wealth management products in the past few years, everyone is inevitably disappointed. In the past year, after experiencing the decline in the yields of various "baby" money funds and the continued decline in the yields of bank wealth management products, it seems that the interest rates of various low-risk wealth management products are falling, which also makes us more confused — — In 2020, how should we manage our finances?

　　See the global economic trend clearly

　　With the global economy in a state of fatigue, the era of negative interest rates has arrived.

　　Negative interest rate means that the bank lends money to the lender, and the lender pays back less than the borrowed money, and the deposit interest rate may also be negative. The money in the bank not only has no interest, but may even shrink gradually.

　　As of 2019, many countries around the world have implemented or are implementing zero interest rates or negative interest rates. For example, the economies that have implemented and still maintain negative interest rates include Japan, Denmark, Switzerland, Sweden, etc., and the low interest rate economies that have briefly implemented near "zero" include the United States and the United Kingdom.

　　In August 2019, Denmark’s third largest bank — — Jutland Bank launched the world’s first mortgage loan with negative interest rate, with a mortgage interest rate of negative 0.5%. Germany even successfully sold the national debt with a scale of 824 million euros and a maturity of up to 30 years at a negative yield.

　　Some people may say, what does negative interest rate have to do with our financial management?

　　Investment and financial management must first see the general trend clearly. If the global economy is further plunged into negative interest rates and low interest rates, then financial management also needs to be "long-term", and it needs to take five or even ten years as a cycle to consider what to invest and how to invest. After all, in the context of the global economic downturn and falling interest rates, it means that the products worth investing are decreasing, and the rate of return on investment is also declining, which is closely related to our "money bag".

　　From a global perspective, the decline in interest rates is still the general trend. Since 2019, more than 30 central banks around the world have announced interest rate cuts, not only in developed economies, but also in emerging economies such as Russia, India, Indonesia, Turkey and Brazil. In August 2019, the Swiss bank announced that it would levy an annual fee on deposits of more than 500,000 euros, which is regarded as a negative interest rate in disguise. Large amounts of funds deposited in banks not only have no interest, but may gradually shrink.

　　Looking forward to 2020, the situation is still not optimistic. According to the data of the International Monetary Fund (IMF), the global economic growth rate dropped from 3.6% in 2018 to 3.0% in 2019, setting the lowest level of global economic growth in 10 years. The IMF predicts that by 2020, global economic growth will improve slightly, with a growth rate of 3.4%, which has been lowered by 0.2 percentage points compared with April 2019.

　　Compared with the major economies in the world, China’s current interest rate level is still high. Zhou Xiaochuan, the former governor of the central bank, recently said at the "Innovation Economic Forum" that there were two lessons from the international financial crisis in 2008, one was a bubble, and the other was a low interest rate in a low inflation environment. "Our interest rate is not as low as that of western countries, and there is still room to deal with economic problems, so we should try our best to avoid entering the era of negative interest rates quickly."

　　Pay more attention to "hard core" assets

　　In 2019, although our wealth management income is declining, from a global perspective, the return on RMB assets is already "outstanding" in low-risk investment varieties. Financial management also needs to adjust the mentality and be steady.

　　Since 2019, the chill of bank wealth management products has gradually emerged, and the yield has continued to fall. Relevant statistics show that from January to November 2019, the average expected rate of return on bank wealth management products fell from 4.31% to 3.98%.

　　At the end of the year and the beginning of the year, although the income of "baby" money funds has increased, most of them still stay in the "2" era. As of December 30, 2019, the average 7-day annualized rate of return of all-market money funds rose above 2.5%. Among the 629 monetary funds that can be counted, 136 monetary funds have an annualized rate of return of more than 3% on the 7 th, and 479 monetary funds have a rate of return of around 2.5%.

　　Even if the rate of return on financial management is lower, from a global perspective, RMB assets are the "fragrant buns" of the world. With the interest rate cuts of major economies in the world, the spread between China and foreign countries has expanded to a historical high level, which has greatly increased the attractiveness of RMB assets, such as RMB bonds, to overseas institutional investors. At present, the interest rates of 10-year and 30-year sovereign bonds in Germany have been negative. In contrast, the interest rate of RMB bonds for 10 years is around 3.2%, while that of US dollar bonds is less than 2%.

　　Therefore, although it is not comparable to the rate of return in the past few years, horizontally, China’s wealth management products are still very attractive. Moreover, in the current global economic downturn and increasing uncertainty, the primary goal of investment and financial management should be to ensure the safety of principal.

　　"For investors, making quick money is no longer so easy, the risks are getting bigger and bigger, and there are more and more pits." For example, Guan Qingyou, president of the Financial Research Institute, believes that in this context, we still need to pay more attention to "hard core" assets. "Hard-core" assets have four obvious characteristics, such as real value, relative scarcity, relative safety and better liquidity.

　　Guan Qingyou said that the first one is value. Simply put, it is "useful" to people. A hard-core company must be able to create profits and have a high return on equity. For example, a "hard core" house must have the value of living and living; The second characteristic is scarcity. Things are rare, the scarcer they are, the harder it is to be copied, and the more valuable it is; The third is security. High yield means high risk. Don’t touch the "rose with thorns". Guo Shuqing, chairman of China Banking and Insurance Regulatory Commission, once said, "If the yield exceeds 6%, it will be in doubt; if it exceeds 8%, it will be dangerous; if it exceeds 10%, it will be prepared to lose all the principal". Be wary of high-yield wealth management products.

　　The last one is liquidity. Guan Qingyou believes that such assets should not be too small, and it is best to be needed and recognized by most people. In the financial downturn, the worse the liquidity of assets with too little demand, the more difficult it is to reflect their value.

　　Turn to long-term investment

　　What you didn’t like in the past may be the best financial choice now.

　　Assets with relatively high returns and sustainable investment are the best choice for ordinary individual investors. For risk-averse investors, it is a good choice to buy government bonds or simply deposit them in the bank for a fixed period.

　　At present, the annual interest rate of 3-year treasury bonds is around 4%, and the 5-year interest rate is around 4.27%. The interest rate of 3-year fixed deposits is also above 4%, and that of 5-year fixed deposits, especially small banks, can reach above 4.8%. In the period when interest rates are expected to rise, buying longer-term treasury bonds or fixed deposits may be a choice with higher returns and lower risks. If you think that these two kinds of liquidity are not good and you can’t take them at any time, then you can also consider products such as transferable certificates of deposit introduced by banks, but they have a certain threshold, generally starting from 200,000 yuan. If you need money before it expires, you can transfer it through the bank’s platform, which is relatively more liquid.

　　4% interest rate is not high compared with the past, but we must know that in those economies that have fallen into negative interest rates, it is very difficult to find investment products with a yield of more than 2% and stable income. If you can maintain a steady income, even if you buy a "basic" deposit product and reinvest the interest earned, the long-term return brought by "rolling interest" is very considerable.

　　Another popular product in 2019 is gold. Gold is considered as a safe-haven asset, so when the economy goes down, increasing gold holdings is the first choice.

　　At the end of 2019, the "spring" of the stock market appeared, and the Shanghai Composite Index stood above 3,000 points. At present, the expectations of all parties for the stock market in spring are rising. In this context, for individual investors who don’t care about bank wealth management and time deposit returns, if they want to invest in the stock market, they will not choose individual stocks, then in 2020, investing in index funds is also worth trying.

　　In 2020, investment still needs to be stable.

1905 movie network news Directed by director Wang Li ‘ang and starring Fang Lishen, Zhou Weitong, Shen Mengsheng, Wen Dongjun, Wang Li ‘ang, Liu Ziqing and Ke Tianrou Tara Clance (American), the adventure disaster movie was announced to be successfully filmed in Qingdao on May 22nd. The film selects a rare theme of "shark" in China, and tells the story that swimmer Ming Xuyang (Fang Lishen) and Ocean Park trainer Qi Huan (Zhou Weitong) accidentally fall into a huge conspiracy about blood sharks.

Fang Lishen’s "hard-working" performance "Unknown" triggered expectations　

In the movie "Blood Shark", Fang Lishen plays a swimmer. Coincidentally, Fang Lishen used to be a professional swimmer in real life, but after watching the movie, he became afraid of sharks and was always afraid to swim in the sea. The biggest reason why he decided to play "hard" this time was that he was attracted by both exciting and challenging themes. "I have made many thrillers and horror films, but I am more afraid of sharks. As far as I know, there are fewer disaster films about sharks in China at present, and I really want to know what sharks will be like and how thrilling they are." In Fang Lishen’s view, sharks are different from ordinary animals, and their controllability is almost zero, so the films are being filmed.

　

Zhou Weitong challenged the underwater drama to break through the self-emotional line and poke the tears.

Zhou Weitong, who has always been gentle, has also broken through herself this time, playing the tamer of Ocean Paradise in Blood Shark, trying underwater shooting for the first time, and there are a lot of shots hanging Weiya, which is a big challenge for an actress’s physical strength. In addition to the underwater scenes, the emotional line in the film is also quite interesting. Zhou Weitong once revealed on the set that the scene between himself and Fang Lishen is the only emotional line in the film. "The emotional line between the two people is slowly advancing in a tense plot, from strangeness to familiarity to love, which is believed to poke the audience’s tears."

　

Wang Li ‘ang Directs the Most Difficult Works to Explore the Relationship between Man and Nature

Wang Li ‘ang, a cutting-edge director, is also one of the stars in the film. He admits that he felt a lot during the filming process. Children, animals and water are the most difficult elements to shoot, and the main scenes of Blood Shark are animals and water. "It’s too difficult to control, and many unexpected things have happened. Thanks to the dedication and cooperation of the actors, this film is very worth looking forward to." In addition, the director also revealed that "Blood Shark" is not a disaster film in the general sense, although it focuses on sharks. While presenting a hand-to-hand shark scene, it also involves biological knowledge such as bioengineering and gene mutation, which will make everyone think about the relationship between human beings and nature, marine life, and how to protect the ecological environment. It is a very in-depth realistic film.

　　This is the damaged block near the tourist center of Jiuzhaigou scenic spot (photo taken on August 8). According to the website of China Seismological Network Center, a magnitude 7.0 earthquake occurred at 21: 19 Beijing time on August 8 in Jiuzhaigou County, Aba Prefecture, Sichuan Province. The epicenter was located at 33.2 degrees north latitude and 103.82 degrees east longitude with a focal depth of 20.0 kilometers. Xinhua news agency

　　Xinhua News Agency, Beijing, August 8th At 21: 19 on August 8th, a magnitude 7.0 earthquake struck Jiuzhaigou County, Aba Prefecture, Sichuan Province. As of 22: 58 on the 8th, the earthquake of magnitude 7.0 in Jiuzhaigou County, Aba Prefecture has killed 5 people and injured more than 60 people, including 30 seriously.

　　This sudden earthquake has caused some trains to stop, and many tourists are trapped in the scenic spot. After the earthquake, the Seismological Bureau of China quickly launched a Class I emergency response, and all parties concerned also immediately launched emergency response measures to carry out disposal, rescue and security work.

　　According to the report of Aba Prefecture Earthquake Disaster Reduction Bureau, Jiuzhaigou County, Songpan County, Heishui County, Wenchuan County, ruoergai county County and Aba County felt strong earthquakes when the earthquake occurred, and Jiuzhaigou County was blacked out and telephone communication was normal.

　　Affected by the earthquake, Chengdu Railway Bureau urgently detained some passenger trains. The specific trips include: D5159, D5126, K9433 and K2611 passing through lanzhou-chongqing railway; C6263 and C6229 of Chengmian Leke Special College; Trains K545, K245, K284, 1486, K2616, K452, K6 and K246 in baoji-chengdu railway.

　　According to the China Giant Panda Conservation and Research Center, at present, the base staff and giant pandas belonging to the center are safe and unaffected by the earthquake.

　　After the earthquake, all parties concerned launched an emergency response at the first time. Seismological Bureau of China launched a Class I emergency response and sent a field team to the earthquake area to carry out emergency response. After the earthquake, the Red Cross Society of China has urgently allocated 1,000 family bags, 2,000 beds of quilts and 200 tents from Meishan Warehouse of Chengdu Disaster Preparedness and Relief Center. The Sichuan Red Cross Society has sent a disaster relief team to the disaster area, and the first batch of Deyang Red Cross relief teams have been dispatched to the disaster area.

　　Chengdu Railway Bureau quickly launched emergency response work, and professionals such as public works, power supply, and electricity services are doing their best to check the lines and equipment to ensure the absolute safety of passenger trains and resume train operation as soon as possible.

　　Sichuan Mobile quickly set up a rescue organization, and launched an emergency response and communication rescue plan. At the same time, the company has also carried out a number of convenience services: first, it quickly opened a non-stop service to Aba area and nearby cities; second, it opened a hotline to help and seek emergency services in 10086, and gave priority to ensuring hotline access in Aba area.

　　In order to speed up the rescue of the earthquake-stricken areas, the Maoxian government contacted the Chenglan Railway Command to use the Ping ‘an Tunnel as an emergency rescue channel, and the Chenglan Railway Command made every effort to do all the coordination work. It is reported that the Ping ‘an Tunnel is 28 kilometers long and was completed in February this year. After the earthquake, rescue forces can quickly approach Jiuzhaigou, the epicenter, through the tunnel.

　　In order to ensure the demand for electricity after the disaster, State Grid Sichuan Electric Power started the emergency response as soon as possible. The first emergency rescue team of the company in ruoergai county was quickly assembled, and the power supply equipment in the earthquake zone was inspected for faults, ready to be put into emergency rescue. At present, the power grids in ruoergai county, Songpan and Hongyuan counties are operating normally. (Reporter Fan Xi, Yang Di, Xie Jiao, Xue Yubin, Kong Ngai, Chen Di)