Bank Wealth Management Product Performance Benchmarks Adjusted Downward Intensively, With Some Banks Cutting Upper Limits by 185 Basis Points

According to Securities Daily, recently, several wealth management companies including China Merchants Bank Wealth Management, Ping An Wealth Management, Xingyin Wealth Management, Agricultural Bank 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 benchmarks are gradually being phased out, shifting toward standardized pricing models linked to market interest rates and indices.

The performance benchmarks for “Xingyin Stable Add Profit ESG Daily Income Growth 74th Fixed Income Wealth Management Product” and “Xingyin Stable Add Profit Daily Income Growth 100th A” have been adjusted from the original fixed range of 1.7%–2.6% annualized to the seven-day notice deposit rate of the People’s Bank of China (currently 0.75%), with the upper limit lowered by 185 basis points.

Minsheng Wealth Management’s “Gui Zhu Fixed Income Enhanced Two-Year Open-Ended 2nd Wealth Management Product” benchmark was lowered from 4.0%–6.0% to 2.6%–3.1%, with the lower limit decreased by 140 basis points and the upper limit decreased by 290 basis points; Ping An Wealth Management’s “Qiyuan Stable Profit Daily Open 25th Fixed Income Wealth Management Product B” benchmark was reduced from 1.50%–2.10% to 1.10%–1.70%, with both upper and lower limits decreased by 40 basis points.

Industry insiders said that this move not only aligns with the downward trend of market interest rates but also complies with regulatory requirements, helping to guide investors to establish rational return expectations and promote high-quality development of the wealth management industry.