Host says | This year, 40 bank wealth management products have failed to launch. Are bank wealth management products no one is buying anymore?

Once considered a “stable and happy” bank wealth management product, why is no one buying it now?

Since the beginning of this year, top companies like Huaxia Wealth Management, Pudong Development Bank Wealth Management, and China Merchants Bank Wealth Management have seen 40 wealth management products announce failed issuances! The reason is surprisingly consistent—raising scales did not meet standards, failing to reach the minimum establishment threshold. Some of Huaxia Wealth Management’s products had a threshold of only 5 million, yet they couldn’t gather enough.

So why are people not buying anymore? Let’s look at the data: in February of this year, newly issued closed-end wealth management products had an average performance benchmark of only 2.35%! With such returns, investors are openly saying they “look down” on it!

Therefore, the current situation is: banks want to issue, but the public does not want to buy.

So where should stable money go? Some experts have provided a few alternatives: 3-year national savings bonds at 1.63%, which can be redeemed early; dividend insurance with a guaranteed 1.75% plus floating returns; and national bond reverse repos with flexible terms. (Poster News Comprehensive Daily Economic News Editor Zuo Xiaoming Pan Wen Zhang Guang Huang Xiaorong)