Equity-based financial products have an average annual return of 28.74% over the past year, but nearly 40% are still trading below their net asset value.

The Shanghai Composite Index continues to hit new highs, breaking a 10-year record, and equity-based wealth management products are also performing well. Data shows that as of August 14th, the average net asset value growth rate and maximum drawdown of equity-based public wealth management products of financial management companies over the past year stood at 28.74% and 12.85% respectively, with 35 sample products recording positive returns over the past year. It is worth noting that 37.5% of the equity-based public wealth management products currently in existence at financial management companies are still in a deficit state.