The China Banking and Insurance Regulatory Commission releases "Regulations on the Management of Financial Institution Products Suitability".

Wisdom Financial APP learned that on July 11, the China Banking and Insurance Regulatory Commission issued the "Administrative Measures on the Suitability Management of Financial Institution Products", which mentioned that financial institutions should uniformly categorize the risk level of investment products issued and sold by their own institution. The risk level of products should be categorized from low to high, with at least levels one to five. For products involving investment portfolios, the risk level should be determined according to the overall risk of the product. If the risk rating results of the issuing institution and the selling institution are inconsistent, the selling institution should adopt and disclose the higher rating results in accordance with the "principle of higher". The issuing institution should dynamically manage the risk level of products according to market changes, and promptly inform the selling institution of any changes. The selling institution should timely disclose any changes in risk levels, and adjust the appropriateness matching opinions according to changes in the product and investor information, and promptly inform investors. During the product open period, investors can decide whether to hold existing products independently.