On March 26th, several bank wealth management subsidiaries recently announced the reduction of multiple fees for their wealth management products. After sorting, it was found that since March this year, several wealth management subsidiaries such as China Post Wealth Management, Bank of China Wealth Management, Everbright Wealth Management, and Bohai Wealth Management have announced fee optimization adjustments for multiple of their wealth management products. After adjustment, the management fee rate for multiple wealth management products has been reduced to 0%. In the eyes of industry insiders, this intensive fee reduction is mainly due to the recent pressure on the returns of wealth management products. In the long run, bank wealth management institutions still need to enhance their comprehensive capabilities to bring tangible investment returns to customers.
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