Multiple bank wealth management subsidiaries’ product performance benchmark lower limit has exceeded 2

On February 25th, it was recently discovered that several banks and their wealth management subsidiaries have lowered the performance benchmark of some of their wealth management products, with some products falling below the lower limit of 2%. Yang Haiping, a researcher at the Shanghai Institute of Finance and Law, told reporters that the main reason for the downward adjustment of the benchmark performance of wealth management products is the adjustment made by the issuing institutions of wealth management products based on their judgment of market trends. (Securities Daily)