Did the Snowball product invested by the famous actress Jiang Shuying explode? This market rumor was eventually disproven, but it put the unrelated Snowball products of Snowball Company, which has been the focus of recent market attention, on hot searches. On January 22, a pictur

The Snowball product invested by the famous actress Jiang Shuying has been sold out? This market rumor was eventually disproven, but it put the unrelated Snowball products of Snowball Company, which has been the focus of recent market attention, on hot searches.

On January 22, a picture of Jiang Shuying was circulated on the market, with the text "Today, Jiang Shuying went to the headquarters of Shenwan Hongyuan Group, and his snowball exploded."

Regarding this rumor, a person related to Shen Wan Hongyuan said, "The screenshots posted online are fake."

Another market source said, "There are other similar pictures where the camera on the set can be seen more clearly."

At the same time, , the automatic redemption option product, dubbed the "snowball structure" by some financial institutions, has once again attracted widespread attention from the market.

However, this option product named Snowball has no connection with Snowball Company.

Snowball Company stated that some institutions have caused confusion and misleading by labeling the automatic redemption option products issued by them as "Snowball Structure", which not only infringed on Snowball Company's trademark rights, but also harmed the interests of Snowball users. , Snowball Company has taken resolute legal actions to safeguard the exclusive rights of trademarks and protect its own legitimate rights and interests and the interests of investors. Snowball stated that Snowball Company applied for the "Xueqiu" trademark in Category 36 "Financial Services, Financial Consulting" and other services on December 3, 2015, and was approved for registration on September 21, 2017, and will be valid until 2027. September 20th.

According to a reporter from Beijing Youth Daily, the full name of the so-called "snowball structure" is "snowball type automatic knock-in and knock-out brokerage income certificate", which is a type of OTC option model. "Snowball structures" are currently mostly designed by securities firms and issued through securities firm asset management collections or trust plan products. The "snowball structure" is generally issued by securities companies, and most of them are sold by securities business departments and banks. The maximum time an option may last is usually between 6-24 months. "Snowball" products linked to index targets such as the CSI 500 are the most popular in the market. The general coupon rate is 15%-20% and the knock-in price is 75%-85%, which means the safety cushion is a loss of 15%-25%. The snowball structure option can be regarded as a "barrier option". Its structural feature is that it has knock-in and knock-out conditions (knock-out: when a certain condition is reached, the option contract ends early; knock-in: when a certain agreed condition is reached. Afterwards, a certain clause of the contract is triggered).

Judging from the past market situation, "automatic redemption option products" are mostly profitable in most cases, and the rate of return seems to be very high, so they have become popular this year. The biggest feature of this type of product is that if the underlying price does not fall beyond the agreed lower limit, the investor's principal is risk-free. Even if a knock-in is triggered, if the price can rise back to the initial price at expiration, you will still not lose money. However, investors will face five situations after buying the product. One of them is that they make no money, but it is equivalent to the funds being idle for 24 months, resulting in opportunity costs; the other is that they encounter the extreme price of the linked target. There will be a money-losing effect in the event of a decline, and it is not an investment that is guaranteed to make money without losing money.

In recent times, the trends of the CSI 500 and CSI 1000 linked to the "Snowball" product have experienced relatively large fluctuations. As of today's close, the CSI 500 Index closed at 4780.97 points, down 4.73%; the CSI 1000 Index closed at 5000.83 points, down 5.77%. Looking over a long period of time, the CSI 50 Index fell 7.42% last year, and this year the index fell 11.94%;

the CSI 1000 Index fell 6.28% last year, and the index fell 15.06% this year.

Text/Beijing Youth Daily reporter Liu Shenliang

editor/Tian Tian