On January 15th, it was found that wealth management companies such as Minsheng Wealth Management, CMB Wealth Management, Huaxia Wealth Management, and Bank of China Wealth Management have recently issued intensive announcements to lower the performance benchmark of their wealth management products, with some products being lowered by more than 100 basis points. The downward adjustment of the benchmark for financial product performance is closely related to the decline in underlying asset returns. In the current low interest rate environment, timely adjustment of the performance benchmark by wealth management companies can avoid the problem of significant deviation between the actual yield of wealth management products and the performance benchmark, and adjust investors’ expected returns in a timely manner. Looking ahead to 2025, industry insiders believe that asset shortages will continue, and under a moderately loose monetary policy, the low interest rate environment is difficult to conclude. In response to fluctuations in the bond market, many wealth management companies have adjusted their underlying asset investment strategies and strengthened investor expectation management; At the same time, we will strengthen the construction of investment research capabilities, actively layout the equity market, and provide investors with more diverse investment choices. (China Securities Journal)
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