However, as competition in the banking industry intensifies, depositors who love to save money will find it difficult to rescue small banks with poor operating conditions.such as On June 9 this year, Liaoshen Bank officially opened , But at the same time merged 2 city commercial banks, one is Liaoyang Bank , The other is Yingkou Coastal Bank . For the depositors of these two city commercial banks, the deposits were directly transferred to the Liaoshen Bank system.

In fact, not only Liaoning is working hard to merge the city commercial banks within its jurisdiction. In April this year, Shanxi Province established a new bank on the basis of the original Datong Bank, Changzhi Bank, Jincheng Bank, Jinzhong Bank, and Yangquan City Commercial Bank. City Commercial Bank-Shanxi Bank , For a time, the official website, products, deposits, corporate image, corporate culture, headquarters address, etc. have all been renewed.

Another example is that on November 8, 2020, Bank of Sichuan was formally established in Tianfu New District, Chengdu. It introduced 28 investors and merged Panzhihua City Commercial Bank and Liangshan Prefecture Commercial Bank in Sichuan Province in one fell swoop. Up to now, Bank of Sichuan, Bank of Shanxi, and Bank of Liaoshen have successively merged 9 city commercial banks.

01 Accelerated merger of small banks

Why are small banks expanding rapidly in the past, but now they are busy merging? In fact, it is related to the following two factors:

1. Competition in the banking industry has become increasingly fierce. According to statistics from the regulatory authorities, by the end of 2020, the number of legal persons in financial institutions across the country has reached more than 4,600. Now with the digital transformation, this pattern is expected to continue in the future.

2. The profit margin of the banking industry continues to shrink. In the past, the banking industry was recognized as a “golden collar” industry in everyone’s minds, and was regarded as a “lying” industry to make money. But now, the banking industry is accelerating the promotion of inclusive finance, and gradually cutting off high-interest deposits such as archived interest-bearing deposits and Internet deposits. The purpose is to further ensure a considerable operating profit margin.

Therefore, in the future, there will be many changes in deposit policies and financial policy adjustments that depositors must face. For example, at the end of this year, with the implementation of new asset management regulations, wealth management products that guarantee capital and return will be cleared, and banks without clearing will also be cleared. Not being allowed to issue new products will not only make it very difficult for many investors who are willing to buy low-risk wealth management, but will also make the bank’s wealth management market reshuffle, that is to say, which bank will have strong financial management capabilities and services in the future. Can occupy a broader market.

02What should depositors do?

With the continuous improvement of our living standards and income levels, as well as the strengthening of our wealth management and investment awareness, in the future, I believe that with the joint efforts and growth of banks and depositors, deposits are no longer the only choice. I suggest you take the following directions To consider:

1. Choose an alternative compliant financial management/deposit. For example, structured deposits can enjoy higher returns and capital preservation.

2. Choose open financial products. Although it cannot be withdrawn in advance, the risk factor is low.

3. Choose compliant deposit products. For example, large deposit certificates, etc., can be pledged or transferred.

4. Choose a suitable deposit method. For example, the 12 deposit certificate method divides the original one-time deposit into 12 equal parts, which can ensure maximum flexibility.

According to Antonio Belloni, CEO of blockchain technology LVMH will provide an encrypted certificate to help users feel secure about their transactions. Louis Vuitton will use blockchain to combat counterfeiting. Photo: SCMP. Given the complex structure of the blockchain, these certificates cannot be hacked or modified by outside sources. The counterfeiting situation has caused billions of dollars in losses for the big fashion brands. According to the company Frontier Economics , the total transaction value of counterfeit goods reached 991 billion USD in 2022, double the level in 2013. This includes counterfeits in the luxury goods, consumer goods and medicine sectors. Jewelry brand Cartier tested the technology for its product return policy. Customers only need to capture the status of the product before exchange and upload it to the blockchain system to prove that the product they sent to the company has not been swapped or damaged. “A simple model but helps to strengthen the trust between us and the customer,” said Cyrille Vigneron, CEO of Cartier. He also said that auctions should also use the same technology for items with great value. Blockchain technology is being used by fashion brands. Photo: icontechnic. According to Belloni, the blockchain model should be set as the industry-wide standard. Aura Blockchain, the main platform of the project, has contacted many other luxury brands. Subsidiaries of LVMH such as Louis Vuitton, Bulgari, and Hublot have started experimenting with blockchain technology. The next candidate to be tested is most likely the jewelry brand Tiffany, also a member of the group. “Trust is at the core of this industry, and we will do our best to preserve it,” says Belloni. In addition, customers can also sell used brands more easily and transparently thanks to the benefits of blockchain.

It’s hard to imagine what groups to swap members like That’s why K-Pop fans voted for idols who can be members of another group. There are 7 names listed by netizens with many surprising suggestions. Like J-Hope (BTS) is considered suitable for Stray Kids, because J-Hope has a vibrant, energetic performance style like a junior group. Or Hyuna has a personality style that is very similar to what the audience thinks about EXID. Siyeon is said to suit BLACKPINK very well Siyeon (Dreamcatcher) was suggested to try joining BLACKPINK again, because Siyeon also has a strong, modern, girlcrush aura like the image of this cult girl group. On the contrary, netizens believe that a BLACKPINK girl can join Red Velvet. That’s Jisoo! And Jisoo was paired with Red Velvet The first is that Jisoo was recruited by SM Ent because of Jisoo’s appearance and style very well with the big K-Pop, even Jisoo has a similarity to Eugene (SES), the famous beautiful female idol of SM Ent. . If that day Jisoo accepted the invitation with SM Ent’s team, she must be a part of Red Velvet now. Jisoo standing next to Red Velvet is also a good match Netizens believe that Jisoo has a gentle and feminine aura that suits Red Velvet very well. When Jisoo had the opportunity to stand next to Red Velvet in a music show, everyone saw that the oldest sister, BLACKPINK, looked good with the Red Velvet members. People who don’t know will probably think Jisoo is a piece of Red Velvet. When Jisoo comes back to Red Velvet, it is difficult to choose visuals for this group But K-Pop fans voted for that fun, but everyone acknowledged that Jisoo only shines the most when he’s with BLACKPINK and vice versa, BLACKPINK is only really complete when there are all four girls Jisoo, Jennie, Rosé and Lisa.