本报记者 乔加伟 上海报道

Our reporter Qiao Jiawei reports in Shanghai

　　记者获悉，不久前，央行公布了《关于2013年金融机构统计制度有关事项的通知》，规定“自2013年起，金融机构所有表内理财产品均纳入结构化存款统计”。

Reporters learned that,Not long ago,The central bank announced[About 2013 financial institutions on matters concerning statistical system],provisions"Since 2013,,Financial institutions in the financial product in the table are all included in structured deposits".

　　“此前，在监管层统计备注中，也规定表内理财纳入结构化存款统计，不过由于只是备注要求，各银行执行并没有一个制度约束，现在以通知形式下发，进一步规范了这部分理财产品的会计核算。” 江苏一家城商行人士对记者称。

"after,In the regulatory statistical remark,Also set finance into the structured deposit statistical table,But because the only remark,The bank does not have a system constraint,In the form of a notification issued by now,Further standardize the accounting of this portion of the wealth management products." Jiangsu a city firm who told reporters.

　　他表示，此前一些银行将表内理财放在交易性金融负债科目下，现统一纳入结构性存款，有利于推进利率市场化。

He said,After some Banks will finance in the table on the subject of tradable financial liabilities,Now into structured deposits,Promote the marketization of interest rates.

　　事实上，随着金融脱媒和利率市场化，表内理财产品正逐渐成为银行整体主动负债的重要手段。近两年表内理财正在迅猛增长，成为替代存款的反脱媒工具。

In fact,As the financial disintermediation and the marketization of interest rates,Wealth management products in the table is becoming important means of the overall bank active liability.Financial management is growing rapidly in the table over the last two years,Replace the deposit against disintermediation tool.

　　“此举可以视为监管部门对理财产品的进一步规范。”中央财经大学中国银行(601988,股吧)业研究中心主任郭田勇对记者称，表内理财一般理解为保本型、零风险的理财产品，多投资于债券、拆借、货币市场。

"The move can be seen as regulators of further specification of products."The central university of finance and the bank of China(601988,stocks)Industry research center director guo tianyong, said to reporters,In the table finance generally interpreted as guaranteed/Zero risk of financial products,More investment in bonds/lending/The money market.

　　表内理财占例飙升 In the table financial accounts for example to soar

　　与表外理财不同，表内理财担负银行声誉，形成隐性利率保险机制。从资产负债表看，表内理财产品主要分为结构化存款和保本型理财两部分。

Different from off-balance sheet financing,In the table financial bank reputation,Form the implicit interest rate insurance mechanism.Seen from the balance sheet,Table within financial products are mainly divided into structured deposits and guaranteed financial management two parts.

　　根据国务院发展研究中心金融研究所副所长巴曙松此前的一份研究报告《银行表内理财助益中国利率市场化并轨》测算，新增表内理财余额占新增存款的比例，已经由2010年的1%飙增至2012年的28%。表明在负利率下银行存款加速向表内理财产品流动。

According to the state council development research center finance research institute, deputy director of the ba had a research report[Bank financial help Chinese interest rate marketization and axle in the table]measure,New table within the finance balance accounts for the proportion of new deposits,Has been increased up from 1% in 2010 to 28% in 2012.Show that bank deposits under negative acceleration to the financial product flows in the table.

　　据悉，此前对这部分理财产品在会计处理上，主要计入交易性金融负债或指定以公允价值计量当期损益的金融负债科目。

It is reported,Previously on the accounting treatment of this part of the financial products,Mainly included in the tradable financial liabilities designated at fair value or the profits and losses of the current period's financial liability subjects.

　　在央行上述通知发布后，地方银监部门相继出台表内理财产品会计细则。根据记者获取的某省银监局最近的相关通知，“农村中小金融机构表内理财产品，募集期内纳入活期存款统计，存续期内计入结构性存款统计”。

After the central bank released the above notice,Local branch departments have issued financial product accounting rules in the table.According to reporters access to the provincial branch of recent related notice,"Rural small and medium-sized financial institutions, financial products in the table,Collect term into the current statistics of deposit,Included in the statistics of structured deposits within duration".

　　“如果表内理财全部纳入结构化存款，理论上就应该计提存款准备金。”郭田勇告诉记者。

"If the table inner financial management into all structured deposits,In theory should make provision in the reserve requirement."Guo tianyong, told reporters.

　　一地方银行资金市场负责人认为，如果将表内理财产品纳入结构化存款并计提存款保证金，将对银行资金面有冲击。数据显示，截至2012年11月末，全国银行业金融机构理财产品余额已达7.61万亿元

Think, head of a local bank funding markets,If the products in the table into the structured deposit and make the deposit,Will have impact on bank financing area.Data display,By the end of November 2012,The national banking financial institutions balance of financial product has amounted to 7.61 trillion yuan

　　他还认为，除此之外，上述政策还可能对银行理财产品收益产生影响。

He also argues that,In addition,The policy may also impact on bank financial product yield.

　　他举例称，如果客户认购10万元银行理财产品，从银行的角度来讲，以中小银行缴存18%存款准备金为例，其对应的1.8万元缴到人民银行，法定准备金利率是1.62%，如果理财产品本身的收益低于1.62%就能够抬升理财收益，如果低于这个水平，银行就会分两种情况综合核算成本。

For example, he said,If the customer subscribed RMB 100000 bank wealth management products,From the perspective of bank,Pay 18% deposit reserve and small and medium-sized Banks, for example,Their corresponding to pay 18000 yuan to the people's bank of China,Statutory reserve fund rate is 1.62%,If income is less than 1.62% of the wealth management products itself is able to lift the financial benefits,If it is below this level,Banks will be integrated cost accounting in two different conditions.

　　资金池监管酝酿升级 Pools of capital regulation planning to upgrade

　　上述地方银行资金市场负责人向记者透露，近日，银监局下发了《中国银监会合作部关于将表内理财产品纳入存款统计有关报表填表事项的通知》，“西部部分地区的银监局，正在酝酿将存量资金池类的理财产品（无论保本非保本）视为表内理财产品，并纳入存款统计，目前正在就此方案接受银行反馈意见”。

Told reporters, head of the local bank funding markets,recently,Branch issued[And the China banking regulatory commission (CBRC) cooperation about the financial products into account statistics in the table about the report form items],"In some parts of the west branch,Brewing will stock funds pool class financial product(Regardless of the break-even breakeven)As a financial product in the table,And included in the statistics of deposit,Is this plan to accept bank feedback".

　　他认为， “银监会要求资金池理财产品要一一对应，理财资金指定具体投资标的，但事实上，现在我们业内估算银行业资金池理财有3万-4万亿元，很难全部完成一一对应”。

He thinks, "CBRC requires pool products to one to one correspondence,Financial capital specific investment targets,But in fact,Now we in the industry estimate banking pool money RMB 30000-4 trillion,It is difficult to complete".

　　在这种背景下，各个地方银监部门对整顿理财资金池态度和理解也不一样。如上所述，目前已有银监部门召集银行开会，打算将存量的、未能单独核算的资金池理财纳入表内存款统计，当地银监部门态度是“谁兜底，入谁表（资产负债表）”，资金池理财最终风险存在于银行，就要视为表内理财。

In this background,Each local branch department to rectify financial pool attitude and understanding is different also.As mentioned above,There are branch department to convene a meeting of the bank,Plans to stock/Failed to separate accounting pools of capital financial management into the deposit statistics in the table,Attitude is a local branch department"Who is out,Who in the table(The balance sheet)",Pool financial risks exist in the bank finally,As financial management in the table.

　　“我们地区的银监部门这两天找我们开会商议这方案，资金池理财不分保本、非保本，全部纳入存款统计。”上述地方银行资金市场负责人对记者称，不过，这个方案遭到了银行的强烈反对，如果纳入存款统计，将计提不小一笔存款准备金，抽紧银行的资金。

"In our region branch department find we have a meeting to discuss this plan in the past two days,Pools of capital financial capital preservation/The capital preservation,All included in the statistics of deposit."Said to the reporter, head of the local bank funding markets,but,The strong opposition from the Banks,If included in the statistics of deposit,Will make a huge amount of deposit,ChouJin funds of the bank.

　　据上述地方银行资金市场负责人介绍，上述方案反对声还来自于，如果地方小银行执行该方案，而大中型银行不执行，将形成对地方小银行不利的竞争格局。

According to the local bank funding markets chief introduction,The scheme from the opposition,If a local small Banks perform the plan,And the large and medium-sized Banks does not perform,Will form the competition against local small bank.

　　不过经记者多方了解，这种说法并不普遍。“江苏目前尚没讨论这个方案，在我看来，这个方案有悖于银监会整顿理财资金池精神，相当于允诺了资金池继续存在，而且非保本资金池理财银行并无兜底责任。”上述江苏城商行人士称。

But the reporter know,That is not common."Jiangsu is not to discuss the solution,In my opinion,This plan goes against the spirit of CBRC rectify financial pool,Equivalent to promise the pool continues to exist,And is not out of capital preservation fund pool money bank."According to the jiangsu city firms.