The performance benchmark of the bank's wealth management products is guaranteed not to fall below 2%.

According to the Pu Yi Standard monitoring data, a total of 624 new wealth management products were launched in the week ending on April 20, including 208 open-ended products with an average performance benchmark of 2.04%, a decrease of 0.04 percentage points from the previous period; and 416 closed-ended products with an average performance benchmark of 2.59%, a decrease of 0.06 percentage points from the previous period. Looking at a longer period of time, since 2023, as bond yields have decreased, the performance benchmarks of newly launched wealth management products have been continuously declining. In particular, the average performance benchmark of open-ended products has decreased from 4.01% to 2.04%, a drop of nearly 200 basis points; and the average performance benchmark of closed-ended products has decreased from 3.84% to 2.59%, a drop of 125 basis points.