Bank wealth management product performance benchmarks are being sharply lowered

Recently, several wealth management companies, including China Merchants Wealth Management, Ping An Wealth Management, Xingyin Wealth Management, Agricultural Bank Wealth Management, Bank of Communications Wealth Management, and China Post Wealth Management, have successively adjusted the performance comparison benchmarks of some wealth management products, with the overall downward adjustment often being relatively large. Overall, traditional fixed-value and range-based benchmarks are gradually being phased out, shifting toward a standardized pricing model that links to market interest rates and indices. Su Shang Bank’s special research fellow Xue Hongyan said that this move not only aligns with the trend of falling market interest rates, but also meets regulatory compliance requirements, and is expected to help guide investors to develop rational expectations for returns and promote high-quality development in the wealth management industry. (Securities Daily)