Economic Daily: Can financial products keep up with the trend of deposit migration?

On July 31st, Jinshi Data reported that the primary task for banks' wealth management to seize the opportunities brought by deposit relocation is to continuously improve the attractiveness of wealth management products. On the one hand, it is necessary to strengthen internal control construction and provide investors with more stable and long-term investment products. From the development trend of the asset management industry, rigid redemption products with principal protection and interest guarantee have become history, and the era of investors blindly buying wealth management products is gone. Next, investors who transfer deposits to wealth management need to change their mindset, improve investment management capabilities, and better balance wealth management returns and risks. Flexibly allocate assets based on a thorough understanding of the characteristics of wealth management products. It is important to note that any investment carries risks, and investors should also consider their own financial situation and risk tolerance comprehensively, choose suitable wealth management products, and gradually achieve stable value appreciation of wealth.