Beijing Business Daily News (Reporter Song Yitong) On April 2, Xingyin Wealth Management issued the “Announcement on Using the Company’s Own Funds to Invest in the Company’s Wealth Management Products”, stating that the company will invest about 1 billion yuan in the company with its own funds. We manage wealth management products such as Xingrui series, Ruiying optimal balance series, Ruiying annual rising series, Yuedong series and ESG Xingdong series.
On April 2, CMB Wealth Management also announced that it will invest 500 million yuan of its own funds to subscribe/subscribe for its wealth management products. According to the data disclosed by CMB Wealth Management, as of March 25, the total amount of the company’s wealth management products held by the company’s senior management and heads of various departments has exceeded the total amount of last year. The products cover major series, of which R3 and above products account for than more than 70%.
Since March, due to market volatility and other factors, the net value of more than 2,000 bank wealth management products in the whole market has fallen below 1. At present, five wealth management subsidiaries, including Everbright Wealth Management, South Bank Wealth Management, China Post Wealth Management, Xingyin Wealth Management, and CMB Wealth Management, have purchased their wealth management products at their own expense. Nanyin Wealth Management has invested 500 million yuan, and China Post Wealth Management announced that it has spent 650 million yuan to purchase its wealth management products. After the official announcement of Xingyin Wealth Management and CMB Wealth Management, the self-purchasing team of wealth management subsidiaries has been further expanded. The total amount of self-purchasing of the five wealth management subsidiaries is about 2.85 billion yuan.Return to Sohu, see more
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