Bank wealth management product performance benchmarks have been lowered intensively.

Recently, many wealth management companies such as CMB Wealth Management, Ping An Wealth Management, Industrial Bank Wealth Management, Agricultural Bank Wealth Management, Bank of Communications Wealth Management, and China Post Wealth Management have successively adjusted the performance benchmark of some of their wealth management products, with generally large downward adjustments. Overall, traditional fixed numerical and interval benchmarks are gradually being phased out, and a standardized pricing model linked to market interest rates and indices is being adopted. Xue Hongyan, a special researcher at Suqian Bank, stated that this move not only conforms to the trend of declining market interest rates, but also meets regulatory compliance requirements, helping investors set rational profit expectations and promoting the high-quality development of the wealth management industry.