Bank Wealth Management Products' Performance Benchmarks Downgraded Intensively

People’s Financial News, March 13 — Recently, several wealth management companies including China Merchants Bank Wealth Management, Ping An Wealth Management, Xingye Wealth Management, Agricultural Bank of China Wealth Management, Bank of Communications Wealth Management, and China Post Wealth Management have successively adjusted the performance benchmarks of some of their wealth management products, with generally significant downward adjustments. Overall, traditional fixed values and interval-based benchmarks are gradually being phased out, shifting toward standardized pricing models linked to market interest rates and indices. Xue Hongyan, a special researcher at Suzhou Commercial Bank, stated that this move not only aligns with the downward trend of market interest rates but also complies with regulatory requirements. It helps guide investors to establish rational return expectations and promotes high-quality development of the wealth management industry. (Securities Daily)