what's the situation?A number of wealth management products terminate the operation in advance, and the reason for the institution explains

In recent times, many institutions including agricultural banking financial management, banking financial management, and Central Plains Bank have ended the operation of wealth management products in advance. Regarding the reasons for the early termination of financial management, some institutions mentioned factors such as "the subsequent market unprepared factors" and "avoiding investment losses caused by the decline in management scale".

People in the industry believe that with the gradual advancement of net worth, the situation of the termination of wealth management products may occur in advance. It is recommended that the agency further improve its own investment and research capabilities, and reasonably deploy product types and investment directions.

Some wealth management products terminate in advance

Recently, many institutions have issued announcements one after another stating that they will terminate their wealth management products in advance.

On August 5th, Xinyin Financial issued the "Xinyin Financial Smart Elephant Intelligence Early Reinforcement FOF FIDS Term Test Termination Announcement" stated that after careful evaluation, the company decided to terminate this in advance on August 9, 2022 to terminate this. Wealth management products, at the same time, close the purchase and redemption transactions on August 9, 2022. According to the product instructions, the product is a solid -income product with a reference of 5.4%. It will start operation on August 9, 2021. The first redemption day of redemption is August 9, 2022.

Prior to this, Xinyin Financial Management had terminated the smart income enhancement FOF a year in July to open the No. 11 wealth management product, No. 12 wealth management product, No. 9 wealth management product, and solid profit income for half a year. Financial products, etc.

On July 18, the Agricultural Bank of China Financial issued an announcement stating that it was planned to terminate the "Agricultural Bank of China Concentric Heart · Open Two Years Open" value selection on August 24th. Before the adjustment, the product was planned to be on August 26, 2030.

Regarding the subsequent arrangements of the product, the Agricultural Bank of China said that it will transfer the principal and income of the wealth management product to the original account of the investor within two working days after the product is terminated in two working days. According to China Financial Network information, the starting date of the product was August 26, 2020, with a cumulative net value of 1.073.

In addition, there are many banks to terminate the operation of wealth management products in advance. For example, since August, the Central Plains Bank has issued an announcement stating that 11 wealth management products are planned in advance, and Rizhao Bank plans to terminate some wealth management products in advance.

Institution: Protect investor rights and interests

Regarding the reasons for the early termination of wealth management products, many institutions mentioned the changes in the market environment in the announcement, and the early termination was to protect the rights and interests of investors.

Xinyin Financial Management stated that after careful evaluation of the investment in wealth management products, managers believe that early termination of products in advance is more conducive to protecting the rights and interests of product holders than maintaining product operations. The wealth management of the Agricultural Bank of China stated that because the expected market value is expected to be strong, the net value of the product may have great fluctuations. Termination of wealth management products in advance is to better provide product services and protect investors' rights. In addition, Rizhao Bank mentioned in the early termination of wealth management products to avoid investment losses caused by decline in management scale.

According to Liu Yinping, an analyst at Rong 360 Digital Science and Technology Research Institute, the possible reasons for the termination of wealth management products in advance include: product investment income does not meet the expectations, and it is expected that it is difficult to meet the expected income in the future; The share of wealth management is lower than the lower limit requirements; the transformation of all banks has not completed all wealth management products, and the handling of new and old products may occur in the operation of old products in advance, but this situation will become less and less in the future.

According to the head of a wealth management company's solidarity investment department, due to factors such as fast market changes, small product scale, and needs to integrate product lines, the wealth management products may be terminated in advance, but it is necessary to agreed in the contract in advance and make consumption consumption in advance and consume consumption. Protection of rights and interests.

Liu Yinping believes that from the whole, wealth management products that have been terminated in advance are relatively low and will not become a common phenomenon. Banks and wealth management companies should carefully choose investment targets, and should also set up reasonable performance comparative benchmarks, especially trying to avoid setting the benchmark for performance that is difficult to achieve.

Huo Yijing, a researcher at Puyi Standard, believes that the net value of the product fluctuates with the market. Investors will flexibly adjust the investment funds, affect the scale of product management, and comprehensively consider customer demands, operating costs and investment income. Large fluctuations and small management -scale products are terminating in advance.

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